yes it will be. a match keyser one more of my guide to financial survival this is on its way to my issues by professional scallywags to earn money. that's right these has completely non accountable and we're just adding more and more to the. destabilizing global economy you need to protect yourself and get informed as we are. donald trump takes his base force ambitions even higher a revealing plans to put u.s. missile defense systems into orbit it's ultimately going to be

a very very big part. and obviously. really is interior minister here to add france accusing the country of harboring dozens of dangerous fugitives and demanding their extradition. this is funny old dot com three hundred feet from the government's front piece of this house has expressed its confidence in the government. and the british prime minister narrowly wins a confidence vote in parliament the day after he was decisively rejected her new divorce. party dot com is your one stop shop for world news updates next stop so if you can code takes a closer look at the partial government shutdown gripping washington.

hello welcome to so if you're in. the us has been shattered by the longest ever government shutdown in the u.s. history how grave can the consequences when i talk to laurence kotlikoff professor of economics in boston university and write in candidate in twenty sixteen u.s. presidential election. and american politics is paralyzed the president congress. over the mexican. government shutdown who has the most resources to win. what needs to be done to break the stalemate and look like. it was a little. laurence kotlikoff thank you very much for being my pleasure tonight welcome to pleasure to have you with us as usual very very sever here on my program but we love you on our channel and it was a lot about don't trump is

a loggerheads with congress the man in five billion dollars to build his wall with mexico obviously something that democratic when congress want to give it to him do you feel like it's a win or lose situation is there are some affair was is there a way out of this thing well there is a way out we're choose the where the democrats want is to have amnesty amnesty for the millions of young children who grew up. you know grew up not as citizens of the u.s. but grew up in the u.s. because their parents brought them over. and got them into the country and the parents or don't have legal status but the children have been living in the u.s. some of going into the military and if the president would make a humanitarian deal on these young people give them grant them citizenship. i believe the democrats would give in on this wall and we would have to get the government back to work but he says that you know he's claiming the high ground by

saying that he promised us well during the election campaign and he got elected so he got to do what he promised but then i saw this in our poll and that actually shows that most americans blame him for this crisis and he's ratings are around forty percent which is pretty low you know do you think do you think he can really appeal to popular sentiment right now. well i think the only people that really like him anymore or his narrow base so the so there's a small i think a relatively small segment of the electorate that really loves him and they will probably go out and vote for him next time around. but whether that's enough people to to win the election i doubt it i mean we've just had a congressional election and he he really wants lots of seats for his party so i think he's somewhat delusional on this and many other issues. so far the situation

as yourself resulted in a longest and very government shutdown and united states right i mean this is not it's not even saving us money because we are telling these workers that whenever they come back to work we will give them their back pay that's a bill that was just passed by congress on both sides of the aisle they voted for that so it's you know basically what we're saying is. we're going to give you the same money just don't work and that's ridiculous right and also these people can't get by day to day until they get their checks so you know it's not the way a grown up government should work so i have two questions are they at first of all is this government shutdown like a huge deal because i think see now there are government shutdowns in america and somehow country still functions and it's fine is it like a huge deal i would make and he's still at it and i think it's

a pretty huge stand because it's going to four weeks and we have you know we have certain people. who are actually being required to work like the transportation safety. workers and not getting paid so it's some point they're going to say forget it and we won't be able to no one will be able to fly in the country because no one will be secure for security cleared for security so this is becoming a big deal and trump is just. dead set on not giving in knots being shown to have yielded. so he's kind of a bully who doesn't. you think sees all powerful as well as a real estate tycoon and that's how he runs the country right so far it has cost three billion dollars to the american economy so i feel like very soon it's just going to be easier to build this wall they're not to build it is this what he wants they to just sort of bring him down to a total absurdity well he's doing

a lot of i think economic damage and lots of areas not just. shutting down the government and that has its costs but we're talking you know if you look at our trade relations with with. even canada mexico. europe china these are not good you know yes we he did say that he struck a new deal with nafta you know with the china and i started with canada and mexico to replace nafta but i think it's basically a minor change you basically did not win that fight and you just let left bad feelings on both sides so he withdrew from the trans-pacific partnership agreement which is a big deal so now i think we're going to see through time is that the u.s. will be increasingly isolated and you'll have china making trade deals with japan

and south america with with europe canada so the u.s. will just become a minor you know we can take on the entire global economy in terms of fighting so hard so many experts say that. you know whatever is going on right now in the u.s. the country will be locked in a partisan bickering for two years to come at least you feel like this is just a taste and you know it's going to be getting i think everything that's wrong has been and all his associates. will be. brought back up by the democrats in the house in hearings so you'll have. because the republicans were running the judiciary committee and now the democrats ars and also the oversight committee so the democrats are going to subpoena people and put them under oath and get them to say things that trump probably doesn't want to have said obviously this is really all assumed by trying to trump

a bulwark against illegal immigration is a focal point. earlier however i remember i heard you say that illegal immigration should also be curbed right well i think we have to we have a population should check taree for the us wish projection which has us adding about one hundred million more people to the country increasing the population by about a third by the end of the century that's according to u.n. projections so we have to discuss of the country forgetting illegal immigration do we want legal you know at what level do we want legal immigration to be sure to be the current levels to be half should be three times more twenty times more because we could have twenty times more immigrants tomorrow and then be concerned i have has to do with whatever we decide we need to prepare for bringing people in if we

decide to have the kind of one hundred million more people and it's going to be the increase is really being driven by immigration because we have a fertility level in our country that is just at zero population growth so people are just women are having. a number of choice the number so no they are having is only that required to replicate the population so the real increase in the population is due to immigration and you know if you think about where the immigrants are going to go they going to go to the big cities the big cities are red or are already turby congested in los angeles the traffic is horrendous if you go. boston where i live the traffic is much worse now than it was five years ago. so we have to have to think about where we're going to. where people are going to be living but we're going to do cities you know that way but it's not the first like siller stand how a country with such a potent immigration mean at its core it can like stop letting people in for

sponsoring a lot of concern in big cities i miss not a problem of immigrants is a problem on the whole planet i mean there are experts who are saying that ruler as rural areas are going to disappear and saw them in big cities and some because of immigrants or nonimmigrants it's just that people just go where money is so in general we've had people moving from agriculture which is where you know machines are replacing workers for a long time now into the cities to work in factories and services so we have to just consider. how or how we're going to deal with the immigration that we have projected that's. projected under current laws and do we think if we don't have a game plan for dealing with that maybe we should have fewer immigrants if we want to try and improve the skill distribution of the population maybe we should just we should increase the number of immigrants but bring in more skilled people so we

should discuss this right we shouldn't just let it happen without some kind of adult discussion and preparation do we need to build some new cities in the middle of the country. you know china has tried to do that they've tried to build new cities sometimes successful sometimes it's not but the elites do some planning and also there's an infrastructure and education so i think we're going to be overwhelmed by immigrants if we don't plan for that's my concern but so back to trump who has canceled his trip to dallas to share because of the government shutdown he doesn't scream right. last year when i was there like whole america first approach wasn't very popular at dallas either and actually he kept clashing with his foreign allies so at the time erica first thing so like for instance within my day michael and they keep meeting

about it all the time so do you feel like he's trying to america is increasingly isolated on the international really scene and i really think trump is. mentally ill i have to tell you that i think he's mentally ill i think most people in the country who. i think a lot of people in the country who have thought about it. either. you know he's not making america first with his policies he's making america less that's. that's the path he's on when it comes to trade when it comes to. human rights when it comes to bringing the country together on issues of. you know racism he's just dividing the country used to keep he's trying to isolate the country he's talked about withdrawing the u.s. from nato. he just pulls out of syria without two minutes of thought about you know what what the consequences of that it is for the kurds so i just see somebody who

either doesn't know what he's doing or is intentionally trying to damage the country why would he want to do that intentionally damage his country and its economy. i have no idea why he would want to damage our country but i see him doing it and so either either he's mentally ill and doing it because of that or he's got some other motive but i don't know what it is some of this is the most common answer i get from american experts about trauma i have no idea why he's doing what he's doing all different experts who all different failed say this about trauma and no idea why he's done that yet because anybody who has any historical knowledge would know that the us has a role to play and it's not building a wall around yourself and and saying we was alone we have to take a break right now while we're back we'll continue talking about u.s. china relations with laurence kotlikoff professor of economics and washing university stay with us.

most people think just stand out in this is this 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 losing this is just the dance the right questions and the right answers.

and we're back with laurence kotlikoff professor of economics in boston university and write in candidate and twenty six and u.s. presidential election professor so let's talk about the impact that trump's decisions can have when global economy because obviously with the white house's new approach for trait trade deals it will lead to a permanent and substantial shift in global economic balance because right now it cannot come as china same wave more liberal and free trade than liberal america. you know i think. in many ways china's a much more capital stick society than we are the in the long run picture. is wonder if china and india. dominating the world economy the

developed world economy as they catch up through time and there's also also going to be lots and lots of people in the middle east and in africa sub-saharan africa if you look at the projections are just amazing we're going to be adding two and a half china's in terms of total world population in the through the end of the century we have about seventeen twenty percent of world g.d.p. right now we're heading to about five percent of world g.d.p. . so we cannot dominate the world we're going to be a small player through time a smaller and smaller player china will be much bigger india will be much bigger in terms of their share of the world's economy so. we can call all the shots and to you know to start picking fights right now with we're going to be an increasingly small kind of vulnerable position is not a clever idea but we're going to get back to this idea of by the end of this century sub-saharan africa and china india being delivering economies that's very

interesting to talk about you know before that still want to talk about china in america because when obama was in the white house relations between us and china where you know because this is supposed transfer of u.s. intellectual property where it was coming up again and again and again and now it's actually one of the key issues in this whole trade war but you have said you first of all how critical understand when you sat that it's not even a real issue. am i correct was not really sure where people you know willing to go to trade war or this i think it's not always i think the issue of intellectual property is a real issue i think enough u.s. companies have said they've had difficulties in that area. but we should not what we should be doing is responding kind of in kind if. china is requiring that a u.s. company provide its intellectual property to the chinese partner we should say the

same thing with respect to chinese companies we should invite them to come in and require them to share or give us give american partners their intellectual property is another was we shouldn't start an enormous trade war over that particular issue we should go after that issue and fix it. and i'm sure there's some of the things that china has to want to have fixed on our side because the u.s. isn't perfect and it's for trade relations it's not like we don't have very high track terrorists. on canada for example in certain areas we do so. i'm just saying that the idea of starting a huge trade war we're trying to impose twenty five percent tariffs on all chinese products which is really where we're heading in march. trumps policy unless a trade deals is achieved do you think it's going to be achieved i mean at the china russia weren't able to actually come till common ground before that do you think it's going to work this time they gave a ninety day period right to hammer out

a deal what are the chances that it's going to work this time i think that the chinese are very proud and a nationalistic and chauvinist there you know that another word in english i don't think they are willing to be pushed around by the u.s. by trump and so i could see it not happening and i can see trump because trump knows best he thinks he knows best putting on these terrorists and i can see that producing huge damage on both sides this is. worst case scenario it's well it's it's a worst case scenario. what kind of damage will we have in both sides well we could have a major recession and you know once you put these tariffs on it's very hard they tend to last a long time for whatever reason so it's not that from one day to the next the next president will be able to get rid of them. i think the u.s. will just become isolated because i think china will turn to western europe and

south america you know so if you look at chile for example china is the biggest trading partner of chile used to be the u.s. many countries in south america that's the case africa is russia's biggest trading partner as well you know so we can't ignore that reality that china is a major player and we can't make. they can easily let's say has his way he wants china to qataris and american goods right open up the market a little. bit under the w t o rules if that happened for china will have to extend the cuts to other countries as well right so i'm just wondering why not just americans let's assume for a second trial has his way with china beijing has to open up more to american goods but will trump even be able to sort of the fruits of his victory without. competition. so i think there are different ways to negotiate with people and if you are with countries and if you make them into a war then you're not in

a slow going to win you're not going to achieve you're going to end up with a war and not really get to an agreement yes we think that china should open itself up and normalize its economic behavior in many ways but they have done that to a large extent we have a lot of companies u.s. companies operating in china now a lot of european companies as well so. it's not like everybody's being expropriated or who goes in operates in china because we have lots of companies are doing that but you know china we certainly could have improved trade relations but again the question is how do you get there do you do this in a public fight where the chinese get their backs up and they say you know we don't actually get there or do you have some quiet negotiations and say you have to you know we'd like you to do x. you want to do y. let's make a deal and also let's make a deal on the south china sea so we don't have a military confrontation. and this is what

a great deal maker would do he would sit down have lots of common conversations with the chinese on going basis he'd be involved in it i think trump is very much an involved in everything except his golf game i can tell. i don't think he you know i think he's bored by details but the details matter here and. so everything is a confrontation with him that's how he ran his real estate business and that's how he thinks he can run our country to what do you make of approach to deadly t.m. when he says it's inefficient and i don't think he is going to do what he's talking about i don't think he knows he's probably never read one hundred page study of the w t o or look he was the last time to pull the trigger and w.h.o. no not at all that's keeping. international trade working with. rules we should be if we have some problems with china the first thing we should be doing is taking them up with a deputy oh same thing with categorising then with mexico same thing with europe.

that's the form that we agreed to work with within so. he's just like a lone ranger. shooting and shooting his pistol than the target that he sees that day that he decides that's the enemy i'm going to shoot at it and he said manchanda can inly go around whatever it is example is going to canada and. and japan and europe and china together there their economies are about two and a half times the u.s. economy right now so here we're picking up a war a trade war with an economic. area collectively that's trying to have times larger than we are but also that doesn't make a lot of sense for as their last twenty twenty their forecast at china will grow up to tattle leading economy to think america will catch up to that not alone i'm saying three of them together so on some measures china may be

a larger economy than other measures nobody knows exactly what the right g.d.p. measure is but china is the same size as the us economy are already and it's going to get larger through time because their productivity is catching up to the u.s. they're investing in science or investing better you know in education. universities are cropping popping up every other other day it seems and in china so they're investing extensively in infrastructure they have extremely high saving and investment rate overall and the u.s. is not in that ball game we're into a consumption ball game where we basically want to consume everything we earn and not save anything for the next generation and so over the over time that's going to end up with trying to be a much bigger economy than ours and we're going to be a step you know kind of a second fiddle in this band and we have to start to understand that i don't think

trump will ever understand this because i don't think he's capable of doing that but i think other politicians. need to understand this so here saying china subsaharan now. and the at will be well status economies by the end if you know if their productivity catches up you know you. lot of these countries have major problems with corruption and that's why i call you third world countries so. it seems like very unlikely to people to foreigner was elected i think that like in twenty thirty forty years well it will be it seem very likely i will countries yeah but if you look at china go back forty years ago in china and this was a completely impoverished country there was nothing there basically in terms of. capital infrastructure if you go to shanghai today they have a river in the middle shanghai. they have seventeen bridges across the river they've got ten tunnels the u.s.

new york city has a river dividing it from new jersey we have two tunnels that were built decades ago and we have one bridge. so you know you just see these enormously. you know i know i normally economic growth right in front of your eyes happening in china so that could be replicated in other places it has in southeast asia malaysia singapore hong kong these are growing korea north korea these are growth miracles vietnam will ultimately i think be a growth miracles well so it's going to happen there it could also happen in uganda and kenya but. people that we get serious about are we going to see i don't think you know my eyes of the west a lot only talking with america about europe is one of the meeting time is right now as well so if you're saying that all those countries are going to come front that means the west is just sort of retiring western europe japan the u.s.

russia we're gone. that entire collection of countries and regions that have been the main economic players for executives now over time they're going to become this much more players the world is going to evolve china india middle east africa under certain scenarios they're going to represent about eighty percent of world g.d.p. at the end of the century and that scenario is where they do catch up in terms of productivity growth so one of the concerns i have is that superpowers don't like to become second rate players so if you look at the history of empires it's been difficult for an empire. which for economic and demographic reasons is becoming. overshadowed by another empire another empire is on there on

the rise and this empire is one of the kleine that usually happens in the context of a war that. the empire that's declining doesn't feel happy about that they're going to upset about that and and start a war and i'm worried that something like that will have the u.s. has to become over time less important because. other countries are growing much more rapidly just in terms of the demographics alone but then you also have the the fact that this technology that we're there we have they can acquire very quickly right over the internet so we're in a different world than we were in the past where these countries can now learn things very quickly. and get the best technology just just for free to a certain extent. the call thank you very much and great talking with a guy down want to thank you so much knowledge and steve thank you.

so. when he was running in two thousand and sixteen articulated a vision of foreign policy that was clearly at odds with what you would consider the sort of post-war liberal international consensus that that america. might be some claim that there are elements of that critique that has the liberty here's the problem though it's not enough to offer a critique you can say that there are problems with the existing foreign policy and then you have to offer something that's better. and this is where i think trump is has failed miserably.

pulls a power move by vibing.