international economic forum is a unique to today's business world. over the last 21 years the forum has become a leading global platform for discussing the key to economic issues facing russia emerging markets the world of business community members attempt to address today's financial issues. special forum coverage. the russian president says a breakdown in nuclear treaties will destabilize the world stressing the need for dialogue between major powers. and today the most significant thing these negotiations between countries would be the largest nuclear potential by frequencies necessary to all nuclear countries official and unofficial this may be

the one light at the end of the tunnel. from world leaders to international decision makers thousands of top names from industry and finance have gathered for this year's economic forum in russia's northern capital. the us democratic senator slams the trumpet ministration for giving the green light to sharing sensitive nuclear technology with saudi arabia which was done just days after the killing of dissidents saudi journalist jamal khashoggi. and a nurse turned serial killer who murdered 85 patients while working at 2 hospitals in germany is given a 2nd life sentence. just an hour to go and kevin owen is here with a brand new world update for you but to tide you over some tongue in cheek financial commentary on the kaiser report coming up stay with us this is our trash .

because or this is the kaiser report i know what you're thinking about right now chlorinated chicken. now it's not lunch time yet it's more like geo political nightmares how ok stacie yes it's in fact the american empire going postal and they will in their last days export their model of chlorinated economics but 1st i want to look at this tweet from stacy herber and it says the american empire has gone postal disgruntled former world boss turns us financial weapons on global community this is the chaos that is following down chump as he travels around the world in tweets from air force one we have trade wars that have been expanded to mexico we have trade wars obviously against china we have them against europe and apparently it was also suggested that donald trump considered slapping tariffs on

a straw so we have a lot of tariffs we have a lot of sanctions we have a lot of well we were also threatening germany for example for their s.p.v. which whereby they would be allowed to trade pharmaceuticals and other things with iran so we have global going postal as a wise man once currency wars lead to trade wars laid the hot wars so we've had currency wars that's been going on now for 10 years 15 years really particularly with china you know they artificially keep their currency low and export their way into becoming a large economy and now this is led to trade wars with trump now pretty much declaring secession from the global economy as we go to neo mercantilist age of globalization and monetarism dollars ation is over and look at the globe we've got a few little hot spots there are the encroaching hot war scenario is upon. of

course the notion of going postal started under ronald reagan and this is when he began neo liberalism and deregulation and privatization or well the whole proposition of profits in the socialization of risk so that really started under reagan and became a 0 sum game if you were a loser by the time you were 25 people went postal and they went into the post office and they shot their coworkers this is the same thing as the american empire they have a mentality and they're the ones that spread this notion of 0 sum game and trump even says that when he goes into negotiations on these so-called trade deals he said well why did they sign this trade deal with us under obama or under clinton or anybody else why did they sign those trade deals unless they thought they were winning so if they're winning then we're losing so this is his whole way he approaches these things is if if china is you know exporting more than we are if they have a huge trade surplus if they're way ahead of us in 5 g.

technology that's because we obviously are the losers but this is like now his mentality the american empire has become suspicious and paranoid of everybody that everybody's cheating us when it was reagan and thatcher together who set in motion this situation right under reaganomics you know you have this aeration of the working class and organized labor you know you had the firing of the air traffic controllers and going postal these are postal workers that were being marginalized through the loss of purchasing power and you see that throughout the economy and then you know flash forward to the situation now where trump is indicating that we're moving away from this model of an ever expanding pai remember up until even 5 or 6 years ago the idea was we don't have to fight over the pie in the pie just keep growing it's a. making the pie grow for everyone and we're lifting millions and millions out of

poverty around the world and the pie is never going to stop growing an hour back to the pie is limited if you get a slice of pie someone else does not get a slice of pie so that's mark until ism and it will be getting back to a gold standard soon because if you're going to have more control over me need an actual yardstick to measure who's winning and who's losing if trump wants to say you're a loser and or a winner the only way you can say that with some confidence is if there's a benchmark against which he can point and say this is how i know you're winning and i'm losing because we've got this mount of gold and you don't have that amount of gold and that's back to the gold standard in a couple of countries are already back on a gold standard china russia being to examples has been in the u.k. and the u.k. is breaks a thing and one of the things that they're looking forward to is that they're going to have a trade deal with the united states and it turned out that the u.s. ambassador to the united kingdom went on andrew marr show on the b.b.c.

chlorine chicken and u.s. private health care on the table and it breaks it trade deal chlorine wash chicken and u.s. firms involvement in british health care would be on the table for a post breaks a trade deal donald trump's ambassador has said woody johnson the u.s. ambassador to the u.k. said chlorinated chicken is as safe as anything in europe adding if people don't want to buy it they don't have to do so labor had attacked the comments from u.s. ambassador woody johnson as terrifying like this is horrifying that we're going to get chlorinated chicken on our and i stress is being turned into a u.s. health care system the e.u. has strict hygiene standards for poultry when they are alive while the u.s. washes them with disinfectant such as chlorine after they are dead the factory farming the the horrible health care system here like the fact that like. the living get preference in the european economic model and

expanding and facilitating the quality of living for the living whereas in the us it's all about. like the grotesqueness whether it's in the factory farming or the people living on the streets in los angeles and san francisco and piles of human excrement and typhoid and and medieval diseases spreading what they're doing is they just chlorinated down after they cause a situation look at climate change also they're like let's just spew all this garbage into the air these freedom molecules of gas into the national gas and methane into the air and then later will do the equivalent of coronating will will geo engineering with nano particles blocking out the sun to moderate. the ecosystem here is instead of just like not destroying your environment not destroying your institutions not destroying the fabric the foundational element

of our societies and economies the key phrase there being the e.u. . in terms of its regulations of food in britain would prevent exposure to. chlorinated corpse chickens that have gone through formaldehyde and zombified and turned into toxic delivery mechanisms of disease and cancer yes that's right the e.u. puts the block in place but you know the us of course has been the dumping ground of financial risk that originates in the city of london the city of london has always been the go to place to commit financial fraud every bank in the world outsources their primary frei natural fraud to the city of london that gave us the lehman collapsed disaster the banking disaster of 20082009 so now the kind of the us is returning the favor by exporting their food disaster to the u.k.

so these 2 have a symbiotic relationship swapping financial armageddon with food armageddon then we have armageddon in california and here's a headline again from the united kingdom and they have a great headline and great photos accompanying this collapse of a city that's lost control shocking new pictures from downtown l.a. captured the huge problem it faces with trash and rats amid fear of typhoid fever outbreak among l.a.p.d. images from the downtown area show trash piling up as workers struggle to keep the area sanitized rows and rows of tents lie on the sidewalks of skid row in the sprawling 50 block area home to around 4200 and on thursday it was revealed the los angeles police detective has been diagnosed with typhoid fever they're not doing anything to prevent these thousands of people living amongst the rats and feces on the sidewalk in downtown l.a. said there's just like letting them live they're not building affordable housing or homeless shelters and instead how they're dealing with it is they every once in

awhile every once a week or something they they move them out and then spray everything with chlorine and bleach and and then let them move back in there so this is how they this is how they respond to a human disaster well this is a problem of debt that makes you desperate. g.d.p. in america includes debt so the more debt you have the bigger the g.d.p. but it leads to high time preference mistakes like you see in los angeles where it becomes expedient to treat people like human garbage to pay off debt because there's too much debt to pay off if you have capital if you have savings if you have hard money like gold or bitcoin you can take a step back and say ok we're we want to be in 5 years do we want feces on the streets and typhoid in the police you know department department but they don't have that time they don't have the luxury of time preference they're bound by high time profit so the and the debt keeps going up so that the disaster will only continue as we see we have all these trade wars going on the reason why trump is.

basically waging these trade wars is because the american voter insisted on it because the american voter in the giant midwest the former heartland of america no longer are employed because they are from the unprotected industries that neoliberalism exported to china and all of the rest of the world but we do have protected industries on the coast where the winners live as hillary clinton pointed out we have the lobbyists in the military industrial complex around washington d.c. we have the financial engineers around new york city if they get the free money from the fed on the west coast we have san francisco and hollywood los angeles and those are protected by the state department and internet intellectual property that are forced on most of those trade deals like t p p n t t i p that obama and hillary clinton had to go shaded and which the people didn't want so those are the only places you can go to get a job in america but we have erected in the same places very strict affordable

housing they don't they refuse to build any affordable housing so is that you have to go there to get a job right you have to be in san francisco los angeles or new york city those are the only places with new jobs coming online and maybe off. so the chicago but you have to go there or else you don't have anything so here we have a situation where only those protected industries that's these are the gatekeepers this is this is you have to get past the moat you have to get into there and get a job but we have a situation where there are no houses for any of these people going there for a job and they end up homeless can you get past the moat of the break and return but more so if you can do.

it is a question that is crucial in libya and the one who needs to decide that is the libyan people that is why we should carefully slowly gradually. go into election day you have basically 2 parties so everybody laban's the way you want because there is a very deep crisis of legitimacy and this crisis of legitimacy cannot be sold by going to be a. welcome back to the kaiser report i'm ask eiser time now to turn to constantine garg of macro view dot edu constantine a walking back elated to be with you moxon with us they say constantine what is

happening in los angeles where hair reports that in this you know progressive social justice warrior state a lot of democrats you have 10 cities open sewage and the straight medieval diseases san francisco los angeles look like a you know vera ball hell hole what's going on well nothing really new it's the same old same old at the last democratic convention back in san diego all of the reporters who are going to get inside of the convention and only a few brave souls wandered out into the streets of san diego and what they discovered is complete if you want devastation of the c.d.u. are huge numbers of fancy does large numbers of the own list trash everywhere and so forth and a handful of orders actually break to try to keep order not uncover that in the news it didn't make the front pages of the new york times of course but that's the reality of california you have to ask if the haves and the have nots and the have

nots are increasing in numbers and the haves are becoming more and all locked into their local communities if you look at what's happening demographically in sunken seuss book all communities of our knowledge young people from those communities can no longer afford to live in there they have no jobs anymore they've been displaced by the cold years they've been displaced by their sector workers not so much with the coders but rather the people who sell the stop what it used and there's a result of that the city loses its fabric it loses its culture it loses its community its you know we look at a neighborhood in some ways the state is like that now los angeles have a house full of people this was under this use. beautiful melton on the way i remember when i leave the likes of minds is that there is a constant regeneration of neighborhoods there's a constant constant and normal new building new construction was always much more dynamic in the sense in sense of social mobility than sounds as there was

apparently in the home it is there is again you can see it is a large numbers of people who are unemployed destitute and cannot afford any sort of roof over their acts there is a fuel nation boss accumulation of raw. disposed off by the middle losses are little losses in for communities in large quantities infestations of rodents and so forth human excrement is a problem now los angeles just that as it is the future probable sounds nice but there is a moment up in san francisco which allows you the digital media or the full prince or the few minutes form of san francisco recently balls that they have managed to develop again with one of the universities. you're around exists and payments which when applied to the public services would actually for jack nurenberg back at the person you're in a to the public space it is almost like wall where you have communities like you

are only really super awkward and extremists a really anthony laid out them scape and so forth and few miles down the road you're up to see it is where the ordinary people live and effectively they're being left to go on means is a great by the way it is a very communities where people long for security long for law and order they long to have hooves there's a family communities around in ruins and so forth well like so if so innocent of this war for example. and they cannot do without sin the because all of the resources have been stopped in the well to do areas they get no public services they. get want they cannot get any of these them and they gamble on with this is a huge problem fear if you look at who was look at homelessness and in california rome by these hormones and the blog about on the 1000 phones every year so it's on the supply and most phones there is no new construction except in the larger the

segment in silence is the luxury condos are only supplied to the point where they're not some of the prices of all but you can will build affordable 1000 units simply because of the nimby isn't of the local communities of lentil gentry rather poignant in the state where people who have owned property because the lumber generation has benefits from huge tax deductions or box cuts in terms of their property costs and those who are buying today of what they want for sound or higher . property thoughts though they cannot afford barnacles we subsequently cannot afford monday when that falls util the greater pirates of accession it is effectively a state where the landed gentry of the pascola generations is presiding over the rampant racism or a rampant leases terms of the quality of rentals available who markets. the rights for renters what they get

a veil off is that it will them more it's own all of that these rocked up into this nice and if you want political agenda or what you all see the progressive isn't where are the so-called progressive labor that this is somehow more environmentally and socially sustainable then broke or houses or people read more and more about how folks and they top 110th of one percent are building gated communities and while the commander days to f. like themselves are promoting at the same time policies that increase the number of almost the successor so constantine elsewhere and no matter where we look we see signs of an increasingly rapid d. globalization tromps trade wars now include mbia and mexico he. it has considering australia your thoughts on the global economy at the moment wow do you see at the macro picture constantine i think we're at common to now and what's around and trends the 1st trend is the globalization as you mentioned and that's

with the regionalization of trade on the regional moch start at the margin and the 2nd all a lot of this like the late example as mars is back in his nation of avarice an american and it's interesting because we don't think about rape as a center on the opposition groups back to things like sanctions when the fans were mind going to talk about weaponization of all this or what the reality what happened with that one specific partnership. back under the obama administration it wasn't very near to you don't shift away from free trade. which serves your political interests primarily in this case it was fine to sort of the geopolitical interests of the united states in the china and the russia in the pacific region along with china and russia it's moot both of those countries china is the biggest the on the wall now even the on this group wants that we have that last month but that is the case and yet it wasn't looking for him to be so moving on words with

the rival the problem ministration the rules of weaponization of free as if you want as our while having as you mention the and threatened against mexico as the against china they feel threatened against only war threaten that if possible stand alone they were threatened with against in the past against. their hands luminance wrath off was sanctions against european union and so forth if you look at the least likely factors the troops entered the park just published the so-called manipulators of foreign super tuesday a month will spent years there are several european countries including germany who are linked. and it's ironic of course because the euro is not the only foreigners but i think very very very curious for the manipulation and the aren't and aren't bound to really bounce or plot is one of the major i theory of all by those criteria anyone who's a successful explorer of the united states able them these labeled by their you

part with effectively as a manipulator. that's the reality of it and without force weakness in their gardens of fox and rats or elites the rhetoric bomb a lot of the right policies that they animals the unfortunate it public and fox which products on routes then chills as free traders in the piles is molecules on their idea off on us but we get those thousands back at fox station we're having war and therefore we are we knew the war in reality if you look at for example on the new york fed analysis published article on illegal make it clearly shows that it was u.s. households in those files there asking what exists the balance that with that weight loss were bought 100 $40.00 for a year in the households that's when you found wall the fact that the revenue is followed by the united states fracturing but of course it's also nonsense to say

that ordinary households in america benefit from that they're actually on that in any sort of boxes when we look at the imposition of the expenditure or was badgering it's disproportionately favors and dispassion is spending and general spending this lot the likes of and the moment the likes all the spending on the specific 1 o'clock it was especially the all the generations of the baby boomers and so forth so in a way that bad sense that there has been a direct loss to the hospitals as a result of that in there also in boston on the estimate about maus but if you look at the feds analysis of the proposed. mexico battles are not mexico that that doesn't who just proposed. janice crouse yes that was the rises it formulates in mind all those problems were volatile perspective too much luggage box spots. in parks and jobs are or will the

17 day amount will not reach 1140 well those were year. your average american family house 4. so they're now going to take it from today to 9 or goes back. out it's only effectively in part the american possibles it's all about weaponization of trade is also weaponization of the u.s. dollar when the u.s. can get involved in sanctioning trucks by censoring the swift system and other things like that i wanted to ask you about the various responses around the world whether it's the voters the election of trump as you lay shamu but in france in a lot of these are folks are pushing back they're asking for a radical change are they are they have any agency will they get anywhere word of a mess saying or is it a lost cause constantine well even in the age of great nation. it is her to beijing which has not yet materialized in the form of then they fear and change what we

will see it is that. in fact it is that. a lot of the arm for change in moscow voters and moment of the station of actual ideologies of youth is what the lot so it is that with even the age of uncertainty and the big moves and complexity of the european elections for example that if you are to show that the results as in green vote share and so forth will if you want you know relatively stable but still lying on the ground declining influence or 3 major parties a parking lot near and far on all the battles and dignity for the population which is broken out in the world from the point that you saw one who needs radical change but we don't know what it is well below the united states is very similar about if you look at that. war this type of phenomenon. with all putin is elected

officials who are presented a pungent weight with the lights off from. not presenting any feasible yet alternatives they might move or a month say they might need the manifesto to swallow them for the policies but there is no experience in the large yellow article wall that is a more than pretty place this kind of. fall apart box of a bomb of what's very clear all is that into the future florence was thought as wanted were conceivable the wall the oximeter bonnie's loan to sustainable already in the market although both were are in a multiple of world which is not just so that's it with a motion of the figures or notional with all of the size figures you look at us and metric in pop of the countries like russia for example like. you can also look at their usual big way in. on cheesemaking. we jot all zones in the front that we

challenge all the american centric units so while we can see. where you want it. or not where the market is all you want but when you're walking the line in terms of the american residence and points. or email we are not yet seeing want terms of the market moment and this is what will slow uncertain and so on in today's environment this is why we're looking on the exchange was at this appeal to what these changes won't be because i think our given hobby offer other side with thanks for being on this edition of the kaiser report thanks marts my pleasure all right i'm not going to do it for this edition of the kaiser report with me max kaiser and stacy herbert like to thank our guest constantine guard gaby i want to catch us on twitter it's kaiser report until next time by oh.

there's an petersburg international economic forum is a unique event in today's business world. over the last 21 years the forum has become a leading global platform for discussing the key economic issues facing russia emerging markets around the world thousands of business community members attend a forum to address today's a vital issues to. watch especially foreign coverage on r.t.

. hello and welcome to all the part of the last day kate has seen many unnecessary awards but then when the moment that the libyan catastrophe sounds out as a one to loss of lives and infrastructure is there anything or anyone who can still put libya together again well to discuss that i'm now joined by a guest on salon may have of the united nations support mission in libya this is i'm as good to talk to you always thank you very much for the time thank you for inviting me now you know over the years i've interviewed many u.n.

and a voice on syria and they all felt.