part of a putin dismisses the miller investigation into the alleged collusion between trump and russia in twenty sixty calling it total nonsense. trump administration fires a fresh salvo at its european allies pledging to hit even goods with tyrants worth as much as eleven billion dollars the us stays the movies in retaliation for the blocks that subsidize ation of boeing while. the world's toughest internet laws the u.k. government unveils plans for a new independent watchdog to regulate the web. the era of social media firms regulation themselves is over it's time to do things differently it's time to keep

our children safe. very well welcome to you you're watching r t international with mina key air and our top story this hour vladimir putin has claimed the entire investigation into russian meddling in the u.s. presidential election was total nonsense and aimed at a domestic audience the russian leader made the comments at a forum and so petersburg our correspondent is there now joins us live here good to see you so this is the first time period it has commented on the murder investigation as an a.o. what else did he have to say. hi again an international arctic forum where first of all the drone was in the audience at the main discussion event. to be frank don't want to hear the

question as to the answers that are about the arctic all they want to hear about is the things that have nothing to do with this region whatsoever at some point the journalist who was leading the way in the discussion made it clear that he wants to leave things like climate change or carbon emissions this side and just talk to vladimir putin for a while about international issues and mainly what's going on between the team was going on between moscow and washington and you're absolutely right ever since the robert miller probe was done and dusted we never heard any kind of reaction to it from vladimir putin well up until today. which is not yet in a good way to tell us we were saying from the beginning to this commission would not find anything russia did not interfere in the u.s. elections and there was none of the collusion that money was looking for between

trump and russia we did not know when he came to moscow he came as a businessman this is complete nonsense designed exclusively for a domestic audience. nothing to add for me here vladimir putin was very clear about what he meant by that but the next turn in the conversation was quite obvious the moderator wondered that if there had been no proof of the russian collusion is there now a possibility that a lot of more potent could come to washington or possibly that the us russia ties could start at least gradually or in some way again start getting back to normal well of a lot of our putin said that he wasn't really hoping that much would change and that regard and he actually went on to say that the us internal politics are.

indeed trouble he used the words serious crisis let's have a listen to how he elaborated on that. is part of a wider crisis in the us political system and the groups that attack illegitimately elected president they don't accept the choice of the american people they want to overturn the result is a political crisis unlike anything we've seen in u.s. history. but let's stay away from the u.s. for now and there was something else that was actually quite special about this particular international arctic form the participants from sweden and norway they were actually heads of state the prime ministers of these two countries and this was the first time they were in direct contact with the president of russia since the crisis in ukraine broke out so this is something that's very special it was pointed out by everyone including the leaders themselves however in

a rather diplomatic manner they chose to stay away from sharp corners and they didn't talk about the differences that much between russia and their countries they decided to stick to carbon emissions and climate change. thank you for those details that celia trying to speak into his life from some petersburg. the u.s. president has pledged to place tariffs worth eleven billion dollars on goods coming from the e.u. in response to the block subsidies for the european aerospace giant also more on the trump administration's plan and the reaction from brussels we're joined by correspondents pays all of us and so they depend ski now welcome to you both at peter to you first could you talk us through the decision almost brought it about. the eleven billion dollars. no it's not peanuts at all that is billion with

a baby that donald trump has said he wants to place entire earth on goods coming from the european union into the united states of course when it comes to this presidential administration how was it announced through twitter. the world trade organization fines of the european union subsidies to air bus has adversely impacted the united states which will now put terrorists on eleven billion dollars of e.u. products the u.s. taking advantage of the u.s. on trade for many years it will soon stop. so what type of things are going to be affected by these tariffs if it gets approved by the world trade organization and eventually goes through we're looking at different types of cheeses we're looking at lemons all of oil kashmir's sweaters not electrical wall clocks but the thing is this has nothing to do with cheese and almost certainly has absolutely

nothing to do with not electrical war clocks this is all down to an ongoing dispute between the european airspace giant airbus and well of course boeing the major u.s. air space giant boeing is the largest producer or and export of aerospace technology united states it's a huge colazal to him when it comes not only to commercial aerospace technology but also to military technology as well and of course playing donald trump flies around in air force one that's also a boeing jet as well on monday the boeing group issued a statement in which they said that they wanted to level the playing field and that they supported president trump and the trade representatives that were seeking to gain these tariffs to as they said as they call it level the playing field now there are big problems for boeing right now they've been involved in two fatal air

crashes in the last five months resulting in three hundred and forty six deaths that's the crashes involving lion air and ethiopian airways both of those planes that went down were the boeing seven three seven max and that well apart from the obvious tragedy that comes with it has tanked their share price donald trump though says despite the problems that boeing is being going through he stands behind the company. the grounding was a big thing and it's a great company it's a truly great company and hopefully they'll figure it out very quickly receive it was a big as a big decision it's also one of our largest exploiters. one of our you know truly one of the truly great companies of the world to have to figure it out fast they know that they're under great pressure. but this just seems like it's donald trump doing business as donald trump those business we have seen it throughout his career

but in his presidential korea we saw just last year how he launched into china turkey and the european not promising tariffs on a limb in yemen and steel imports into the united states he has said he wouldn't shy away from a trade war that certainly doesn't seem like he's willing to right now. peter thank you for those details as paid to all of us speaking to his life from berlin let's cross over to paris now and our correspondent shala do bensky as solid what has been the reaction from europe. well interestingly the e.u. and china are actually meeting in brussels today to talk about the future of their own trade agreements they talked about reform of the w t o in the future which china has said for the first time that it will cooperate in a many were expecting them to touch on those trade wars which are both blocs have with the u.s. but nothing was said perhaps saying nothing about trump and trade rules with them

perhaps speaks more volumes indeed but we did hear from the european commission in regards to this new element this eleven billion dollars of tariffs that trump is talking about slapping on european products it said it remains open to discussions with the u.s. but says it will hold those discussions as long as there are no preconditions to the e.u. the european commission has also said it will be speaking to the w t o arbitrator to get them involved in this. but the commission is starting preparations so that the e.u. can promptly take action based on the arbitrator's decision on retaliation rights in this case the european union remain. for discussions with the united states providing these without preconditions and a mf'er outcome. we've also heard from the e.u.

in regards to that figure that eleven billion dollar figure same for them that that is a gruesome exaggerated figure and that's echoing what we've also heard from us which is course at the eye of the storm in regards to this airbus is also sees no legal basis for these u.s. proposals these tariffs on european products adding that it also had taken all the measures that it was asked to comply with according to a w two your report that came out in two thousand and eighteen this is what tells us how to say. we don't seen a legal basis for this all this is leading to a necessary trade tensions and shows that the only reasonable solution in this long tree dispute is a settlement which is something we have said since the beginning. well meanwhile

here in france we've been hearing from france's finance economy minister plea no lemaire he's been talking about the fact that there needs to be a friendly solution to these trade wars between the e.u. and the u.s. it doesn't look like that is something that's going to go down well. thank you for those details and thank you to both of our correspondents peter all of it in berlin and hard to pinsky in paris let's bring in i guess now we're joined by professor steve keen economist and author welcome to the program so great to have you on and now how's the trump administration made the right move here by hitting you goods with more tires at least from an economic perspective is a good decision. well the main trouble with everything from his administration has been doing is they're trying to square the circle and that is that the reason america has been competitive in areas like. now is

that it's always a valued because it's the reserve currency of the planet on the other saw effectively the parts of the your opinion that make the boss have an undervalued currency because you have germany and france combined with italy and greece and so on and the euro is valued less than you would get if you had a. compass a currency for the countries that produce the major components of the competitor so tariffs are the only way he's got to live but he's never going to win that battle because he still has this massive competitive disadvantage of being the world's reserve currency well boeing is waiting struggling with this pay all christ is following the recent clashes do you think this movie is going to help the company. oh it's all of obviously directed at wyoming and i think they go wherever the congressman is seattle is often referred to as the congressman from boeing and this is clearly being driven by the seven three six max catastrophe in their attempt to stop getting an enormous competitive advantage over them which it deserves to get

because they designed a better it craft so yes it's going to have an impact on the abbas bank on buying in the other direction interesting they haven't slept that have directly on a bus itself. well all eyes now on the e.u. and how they're going to respond and whether or not they're going to retaliate do you expect any retaliation from the e.u. wouldn't want shape do you think that could come in. i do i do i mean doing with trump is a totally different experience of dealing with any any president previously those would bluster but then that would be negotiated by the diplomats this would have been almost decided by a trump choice so they know the only way to prod is to fight back directly and i'm pretty certain i will slap tariffs on american products and i might well go for the so there is where america has a obvious advantage which is in computing design of computing and maybe even intellectual property all the way interesting that the u.s. does saying that the e.u.

subsidies to have both thought illegal is there any truth or not. no more illegal than america's massive subsidies through its defense contracting to companies like boeing. trying claim to live in billion worth of subsidy i'm sure that's a dream vastly exaggerated but if you take a look at the u.s. all of contracts that boeing got in the last couple of you is is getting about twenty billion in contracts per year from the pentagon now we know with anybody who produces at the pentagon massively other processes so fundamentally there's a subsidy for boeing coming in through the military wing of america which is like a lodger than anything in your opinion in a strong it is about. professor steve keen economist and author thank you for sharing your expertise and insight with us on this story we appreciate it now the u.k. is preparing to put in place what has been described as the world's toughest the internet last scooping up speed on not quite off the brake.

anyone else chose seemed wrong. but old rules just don't call. me. yet to shape out these days to come out ahead and in gains from it because betrayal . when so many find themselves worlds apart we choose to look for common ground. japan proves that you don't leave interest rates above zero you don't need capital you don't need savings you don't need. you don't need inflation breaks so people like united states are saying like well why can't we just be like you.

join me every thursday on the alex i'm unsure and i'll be speaking to get us to the world of politics sports business i'm show business i'll see you then. welcome back the u.k. government claims is going to have the toughest internet laws in the world and a plan outlined in the online homs white paper it suggests penalizing or even blocking websites that fail to take down potentially harmful content covering everything from child abuse to disinform ation but as polly boyko explains that often is that when there's regulation there's also censorship. too much freedom can be dangerous that's the message from the u.k. government which has unveiled ambitious new plans to oversee the safest corner of

the internet the country that's famous for bringing you mary poppins is aiming to be the world's best online nanny we're putting a legal duty of care on these companies to keep users safe and if they fail to do so tossed punishments will be imposed. the era of social media firms regulating themselves is over it's time to do things differently it's time to keep our children safe so how is the british government going to make the u.k. the safest place to enjoy the net well for starters there are going to be some strict new rules any company that allows online interaction will be responsible for their users safety as well as the content that appears on their services in the most obvious examples that will mean purging illegal material related to terrorist and child sexual exploitation and abuse and if companies fail to clean up their act the likes of facebook and twitter will be put on the naughty step by

a new independent regulator for the internet companies will face substantial fines for failing to pull down dangerous or extremist materials if the fines don't work bosses of the offending firms could be liable to criminal prosecution and if that fails to web sites could be blocked entirely for u.k. internet users and that regulator should have teeth so we're going to consult not just on remedial notices on fines and that can be up to four percent of global turnover at the moment none of this is law yet they'll be twelve weeks of public consultation only after that draft legislation will be drawn are up but there are already concerns over the prospect of to. new regulations there's so much come to know that you can just influence. well really anybody but especially maybe younger generation kids i would maybe disagree i think the internet is something which is

open and it was a good thing that it was always open and not any form of government or whatever i think it's probably a good idea i think this is enough regulate that i think it's. a pretty good idea i think it's a good idea to have some protection in that but it depends how stringent and how close they are to every day stuff internet needs better regulation most definitely why. two three four. and then the government says it wants to remove what it calls harmful content but who will be the arbiter of what stays out up and what goes down so those social media companies will have to do two things first is to set out filters process to see just to show that they are doing whatever they can you know to to prevent material that could potentially cause serious harm to young children

a lot of people in the second they will have to act in a speedy manner to any requests to remove such material at the moment the government is still deciding whether the job of regulating should fall on the shoulders of a new independent body or an existing one like broadcast regulator off kong and when it comes to the big social media fams well like students craving more stringent discipline facebook has tentatively welcomed the plan for greater and government oversight with a caveat or to. these are complex issues to get right and we look forward to working with the government and parliament to ensure the new regulations are effective. the u.k. government says it wants to be a trailblazer but the question is how to implement strictest safety measures without restricting freedom of the internet. united states has

designated iran's revolutionary guard as a foreign terrorist organization u.s. secretary of state to my pump confirmed president trumps decision on monday were painting accusations that the elite force both finances and promotes terrorism. the leaders of iran are rocketeers not revolutionaries he really people deserve better than to be governed by this kind of hypocritical and corrupt officials with this designation we are sending a clear signal a clear message to iran's leaders. including got some sort of money in his band of thugs that the united states is bringing all pressure to bear to stop the regimes outlaw behavior we ask that our allies and partners around the world do the same the u.s. designation means members of the revolutionary guards will face economic penalties and travel restrictions the move will also affect organizations companies and individuals with links to the force the group is considered to be the elite branch

of the iranian military has been operating in syria and iraq iran reacted quickly to the designation labeling us troops in the middle east terrorists and warning of blowback for washington. netanyahu first who have long agitated for nation of the r.g.c. fully understand its consequences for u.s. forces in the region in fact they seek to drag the us into a quagmire on its behalf donald trump should know better than to be conned into another us disaster. they move to recognize the revolutionary guard as a terror group was welcomed by israeli prime minister benjamin netanyahu thank you my dear friend president donald trump for your decision to declare iran's revolutionary guards a terrorist organization thank you for responding to another important request of mine which serves the interests of our countries and the countries of the region trumps decision came shortly before this tuesday's general election in israel over

six million people are eligible to vote at more than ten thousand polling stations across the country under brought on he's pulled a slip takes a look at the front runners. there is something for everyone in the israeli elections there are more than fifty parties competing although only two have a real chance of forming the next government but basically could party headed by prime minister benjamin netanyahu who fancies himself as a strongman among the successes he's talked up which is getting his ally american president donald trump to recognize jerusalem as israel's capital to recognize israeli sovereignty over the golan heights and also to label iran's revolutionary guard as a terrorist organization but that's not enough for the prime minister just before the elections he was asked if he would consider and mixing territory in the west bank yes we will go to the next stage in imposing israeli sovereignty in the west bank his main opponent is the same tryst with a distinguished military background for me israeli army chief guns he appeals to

voters who feel that netanyahu has been in power for too long i think benjamin attorney all have done a lot for the country he served in public life for more than two decades and thirteen years as a prime minister but is recently enough is enough whoever wins will bring little joy for palestinians israelis in general are less inclined to compromise on the issue particularly interesting enough when it comes to young people according to a poll by the israel democracy institute we asked israelis on the streets of tel aviv what's his appeal to young people and their generation is much more violent. in the relieve like in the extreme everything is extreme an attorney oh no with that fear creates a lot of unity and humility a. kind of a feeling of togetherness it's not so surprising that. younger populations here's

my levels of support. many guns. i know it's way too much in control. much power and a lot of these really don't trust them in the minivan ound i supply them thing you know guys i think they can choose a successful now as it is. i'm afraid of changes i don't know if i one day someone has to be there's been this several allegation against them the last several years and there's very good chance this is going to end in prison in the next years except the faith in his own presidency as an achievement and it's significant achievements so it's one of the tightest races there for years will be across the exit polls later today as they start to come out incumbent benjamin netanyahu is believed to be set to be on track to become the longest serving leader beth but it's not yet over because the country wants change or does it wants the status quo will keep you up to date here and i'll see international. thanks for

joining us on r.t. international we're back at the top of the hour with all the latest to see that. u.s. veterans who come back from war often tell the same stories. were going out for the people who were killing civilians they were not interested in the wellbeing of their own soldiers either they're already several generations of them so i just got this memo from the circular defense's office that says we're going to attack and destroy the government and seven countries in five years americans pay for the wars with them money others with their lives if we were willing to go into harm's way and willing to risk being killed for a war surely we can risk some discomfort for an easy

for. you know world big partisan movie lot and conspiracy it's time to wake up to dig deeper to hit the stories that made stream 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.

pay the thought one not two not three not four yes four for d. does that make sense for d. . let's find out more well you know in the last episode we were talking about bank of america hitchhiker's guide to the financial universe and there was one chart i did not get to one fact i did not get to that i wanted to get to but we ran out of time and that is point number four and that's point two percent the end of two thousand and twenty consensus forecast for japan's ten year j g b over and over investors keep predicting interest rates are going to be higher than they ever get to additionally every year since two thousand and fourteen treasury yields have been forecasted to end each year above three percent every year they have failed to do so across the atlantic and the past six years the consensus has over predicted german bond yields by an average of one hundred basis points and the forecast for

the ten year j g b the japanese government bond yield at the end of two thousand and twenty is a pitiful zero point two percent is the japan a fixation of global interest rates of the past ten years the us continues apace but number five why investors keep getting wrong why they keep thinking interest rates are going to be higher is because they miss the four and that is for deflationary dees of excess debt bank the leveraging tech disruption and aging demographics explain the consistent undershoot of inflation expectations the inability of monetarism to boost wages and income in the world's largest economic regions is sparking a populist backlash amongst electorates and this is again a theme that we had mentioned in the previous episode and episodes monetarism the monetary policy cannot spark they can encourage wage growth they're only encouraging asset price growth.