bad weather yeah that we learned about that in iceland that's what they claim they like to claim responsibility for the way we are in the morning once again in this he lays own is barricading at the gates once again and the folks are rising up for good reason what have you got in your little notes there because we haven't actually evolved since then because remember during the french revolution you made a film about this with gold money dot com and about john law and acid not because acid not was basically a fiat's currency here in france that was backed by all the property that they had seized from the catholic church as a derivative it was a derivative and nowadays i realized it dawned on me with all these negative interest rates all of these crazy economic policies emanating from our governments but particular from the central banks is because we actually do have globally and ask not because most people think that banks lend to businesses and that's what

they're doing and everybody's looking at the e.c.b. to cut rates that they can lend to businesses and grow the economy but actually over 85 percent of all bank lending is for properties and property bubbles so we're stuck with that right i mean that's a transfer payment and they use derivatives these modern channels of banking and conduits to collateralize the property in the modern cars the french government the time simply seized via the catholic church their property securitized it and sold their currency back as such but here in the 21000 area they did they do it using reverse collateralized mortgage obligations and fancy wall street products but as you point out so so well there this is a replay of all the elements that led to the french revolution using financial engineering and securitization and. riveted to debase the currency.

of his art international story breaking into i showed you a program of codes reporter for enjoying it you far more a lot of course we're going to go back to the eastern economic forum the president putin's been very speaker q. and a session going to speak again then let's cross over and see we've got to say what is going on in this particular case i believe that we are what we see are the tabs of mullah fighting competition and this does not improve our relationship in any way. it is less so those of us who which want. something good in the relationship between russia and the west capture all these years so i look you know in-depth dale's but we showed an average traumas that in a construct of just one of the staff will go back to economic issues which is the

main topic of this forum once more military instability called question i would like to take advantage of the presence of mr abbott here on august 27th in a world agencies including france press reported that we should of course report it about the forthcoming supplies of oil in the u.s. missiles for air defense to japan. when you go against the backdrop after the expiration of the intermediate range nuclear forces treaty and about everyone that now everyone knows about the peculiar corrector 6 of launchers in remaining and in poland i'm sorry about this long detail. but against the backdrop of the treaty that was signed by which often reagan with regard to europe but the soviet union destroyed all such missiles in asia this may mean you could transform the missile configuration in asia. so 2 questions mr putting us into. which does for interest

if someone else wishes to comment will be appreciated of course so 2 questions 1st what is your vision of. a possible mechanism for control or limitation whatever half miso issues in asia well actually be required especially given the emergence of u.s. missiles there and the 2nd thing i promised i would go back to that. when you used to go to negotiate with japan against this backdrop you mention this military aspect so that's the example of it. produce our position with regard to u.s. withdrawal from the intermediate range nuclear forces treaties well no there is no need to repeated use it's not just that we do not welcome this temple believe it to be counted protective and to destroy the international arms control system as we

sat in public already that we're not going to employ after the u.s. has tested such a missile we are not going to employ this missile will produce such missiles of course in those regions. and where u.s. missile systems you will not emerge that land based systems would the fact that they had a pentagon. has said that the us is going to employ those systems in japan and in south korea does not make us any happy this actually makes us quite sad. and it is also a reason for certain concerns for us this was by the way the subject about talks with prime minister who on numerous occasions. before the americas produce such missiles. if they are deployed in japan or south korea we understand that this is going to be done under the pretext. of.

preventing the threat from north korea but even for us it is. a significant problem a very serious one because these missile systems are going to be able to cover a large part of the russian territory in particular in the russian far east and i'd like to remind you that. military bases of ours are located here as well as. a nuclear power strategic aircraft carrier and poor it's in particular and this is a serious matter. and and. particular context of course this is something we cannot overlook and this is one of the factors that is going to be taken into account in our talks with japan and south korea so far we do not know the response of our south korean and japanese partners to. initiate a if prime minister and i have not spoken about that today incidentally on many

occasions we do have attention to the fact that it launches. can not just be used for. interceptor missiles but also they can be used for offensive so even though the americans are trying to say that this is not the case but they have tested this launches. with offensive missile system so this launcher can be part of f.n.c. weaponry so we were right so i assume they were trying to lead us astray but we have no illusions about that when they stand and we are going to respond appropriately. as a human you like the way they feel are. first and foremost i would like to say.

here that. i meet all your parent or the south korea there are a.b.m. systems deployed but they do belong to the u.s. and they managed by the u.s. japan on a country as any b.m. system on its own and it is managed by the path that is not of the control of the u.s. so. you'll see. that. this initiative also stipulates there. that the systems are going to be under control. japan says this is absolutely different from the missiles that are deployed for instance in poland now as far as japan's defensive system is concerned and we had. you would tell you about it about north korea it has me several 100 people ballistic missile. at its disposal so in order to protect ourselves we decided to

implement an a.b.m. system of. the. suitable for the launch of a ballistic missile nothing else contrary to you and security council resolutions and it of course is distressing but to protect our country from such conduct we have to deploy. a new kind of which we set a system of. it when i now ask for the deployment of american systems and japan we have not received any proposal to that effect from the u.s. what we have in japan right now belongs to japan and it's japanese property and it is meant for the protection of our country here. to keep it so even technically for instance to launch a tomahawk missile from such systems we have is impossible while they had of the

pentagon has announced that the u.s. is engaged in talks with japan as well as with south korea and that it intends to continue these talks with a view to deploy in their land base to intermediate range missile systems but breaking a retreat he. says and i you know didn't have talks to that little me a faggot so this issue is going to be discussed at the foreign ministry's level. thank you and let me get back to the issue of security. we cannot overlook. but now let's get back for a while to here economic matters there was a wonderful session of the international club and there was a world bank representative speaking during that session and i liked a lot of how he formulated his thoughts just as between india and russia as well as

between china and russia their so-called under trees and that's what he called it the current capacity as would allow these countries trading to trade more and there is so i think a girl of reaching 30000000000 in trade between india and russia is a prime minister modi what do you think bytes in the world can be done to achieve a steady development for for economic and trade relations between. prussia can injure and you have very appropriate to question switch the hold some home there are immense possibility is of agree and up till now know we have been working with there are lot of

capabilities to bit all our diversity much are we are trying to do as much as possible or but our b.s. off work is not do enough and india and guy here board to except this it is not that we don't except the situation was there was a time you may recall a machine where no and india's relations worse the relationship of and a selo and we use to buy weapons from russia today there are so many those sectors by that it's diamonds or all i.r. the energy sector rush maybe it is investing in india did come and india is and also investing and russia a moment aboard

a tourism is increasing between our countries and political engagement has increased considerably and rash is very old and trusted friend of india this and now we have a gone beyond their relationship of a buyer and seller and both our countries together and now trying to develop our economic relations in almost all sect goes in the far east as where limit it's not that i have just come here to make a lecture and leave before my arrival here there were 4 big chief minister very big a very big states in india who came here there were over 150 businessmen who came here and when i came to st petersburg before this all the governors of this region had come to st petersburg and i had spoken to them saw in no way wherever there

is a potential we have identified it will be our own saw trying to see how we can supplement to compliment each other for value addition we are making plans and i have food to eat that. some. should not be complacent if a bank report says that it is excellent and even then i don't want to be complacent about it i want to go further and president putin and my friendship we are one thing in common. we are never complacent we never like to stop anywhere we want to i was shy and do more i do better and for longer times and because we have such similar concerns and keeping in mind the world bank report we want to do

a lot more together. well in that case and other questions about what else can be done well of course i read before this meeting and i understand that you've got to talk to q. like very much that is youth. and because. right now india has the superpower. is in software. and youth and computer technology. washable and extracurricular link in many minds so where then. they can all make exchanges what can be done. what about youth any economic power do they intertwine together. how are they supposed to work together. you know i think your analysis is perfect.

india. is a superpower and. this is the youngest country and with also as you understand that we have had a few achievements but how do we. move forward last year. myself and president putin spent 2 days together for an informal summit we had no i joined and we just met and later. he took me to visit an educational institute and i was very impressed with it and later on when president putin came to india i requested him that whichever you're you know good big achievers from sochi please bring them along and similarly we got together some brilliant students from india and we had them go participate in an in a hackathon using technology saw it was a sort of meeting of minds where we expected. innovation which we could deliver

to the world and that was a wonderful experiment indian students will now come to so this kind of a student exchange for innovation and technology. in that sense also i think start of is a new power which is emerging in india in the world we have made we are one of the top 3 places for start ups and this kind of you know youth have innovative minds and we want the youth the youth with innovative minds to be linked together for the common person and i know they're perfect knowledge is something which is indispensable it is an extended part of off your life you cannot do without technology so for common good we must we have to see how we can use technology and in that if we can put together russian brain and indian brain and make this project go further i think if we can work in this together in this

particular subject our youth power can make a very big contribution to be able to do is just from the. spirit of the polish minister just. of course prime minister. has just been speaking about syria school in sochi and indeed there are wonderful young people there are also those. from the agency for strategic initiatives but other european people who take to the streets what about these young people these young people people there is. people who have taken to the street yes it's very strange the sound goes into the audience but it doesn't go here on the podium so there are young people from serious young people from the agency for strategic initiatives and there are people young people who have taken into the streets recently they your young people well

listen. it has said that people are. fast. in japan and it's good. and then russia for instance in chechnya and dagestan they are still slowly as they used to but the birth rates are higher in japan so it's a matter of what you spend your nerves on as it were. i assume. that all of us primarily young people have to spend their energy on creative process. when people express their points of view you know caring acts of prayers as i believe and i said that before. after the right to do so sometimes this can bring about positive results because it is sort of

a shake of for the power. helps the authorities reconfigure any way that makes it efficient more efficient in addressing the issues people are faced with but these actions have to take place in a positive way they do not have to pursue their. self-serving. narrow interests no they have to be guided by the common interest by the interest of the people and they also have to act within the framework laid down by the law and this is a point of view i have always it here too i still do. and. the practice of such actions and russia and elsewhere says. i'm right it's a testament to that now as for. well those people you asked me about

i believe most of them think positively they want our county to develop they want to make a contribution of their own to the development of our country if the only question is for them to find their own place in life where it's up to the authorities to do everything in their power for young people to be able to find themselves and to to make the maximum contribution they can to creative development of their country young people are very energetic very dynamic very active but i remain retreat it has to be done within the framework of the law. i'm confident that many people who are in the politics it was going to be. a great demand. and future as well mr president i remember the experience of my generation i'm 47.

guys and i and then 1900. 90 s. we went to a different rally as i remember one rally against article 6 of the constitution they were students and i and of will went against that article saying that the communist party was the core of the political system but when we approach zubowski boulevard. we were very close to the rally and i think there was several 100 people and we all went to the police. to retire early. and well it turned out when we went to the rally that it was very easy to lead young people astray. the as you to was everyone has to be equal and the same as part of the law. yes thank you now we spoke about some security

here. and i'd like to you to us something about politics. i saw the audience and i saw mr merrett your guy remembered. the announcement of presence at . the party of life was getting for in funding did you see this announcement what's your attitude to that no i didn't see that announcement but if it did take place then it says that the current authorities in kiev run the risk of. encountering the the same problem of making the same mistake that was made by the previous government. and the pace no previous president mr poroshenko if the current authorities begin their political path from. prosecutions against the opposition nothing good is going to come out of this as far as i understand there is opposition in the parliament which wields

a great deal of support and trust. of the voters which was confirmed here in the elections so it would be very strange if the authorities decided to ram. and produce. tire rules the opposition is not taking to the streets they are not trying to violate the legislation or the constitution and i think it would be a mistake if attempts were made to prevent them from exercising their rights under the constitution. very briefly it would touched upon an issue that is very important to everyone present here that sees here iran and sanctions and the 3rd phase of the withdrawal from the. a prime minister very recently have been to iran incidentally it was very interesting to see this. picture this image of

the japanese side of the iranian side of the other side it was not a coincidence that you were. so you know what i think about this future of the j c p a way what are your relations with the countries involved in this discussion of this conflict which is also related to the freedom of navigation so what's the way out. i need. you to do officials but. as for japan. then we have a long to talk to the u.s. that we have very own opinion. and concerning iran and the nuclear deal issue. i wish that it would be resolved through negotiations. japan has historically friendly relationships with iran

and i've always considered that we need to use in the best possible way those friendly ties that is why i visited iran and i talked to the president and mr khomeini. and he said very clearly that as man is not going to produce or use nuclear weapons he said that to. very clearly the supreme leader said it. as for the president of iran. he said the following we will strive to establish a dialogue and resolve all the problems for a dialogue. and japan provides support. as for our resources we. really use a lot of resources from the middle east. and. the energy

resources coming from there are very important for our country so a security of tankers coming from there is very important for us. we need to ensure security there and france is doing a lot and japan is doing a lot to ensure security. we will use our friendly ties our historical friendly ties in future and. we have talked about it with president bush as well as you. so i am going to send your forces to the gulf of or most to the strait of hormuz. we are sometimes losing translation due to language yes so i would repeat my question would india is india going to stand its neighbor forces to the

strait of hormuz from the gulf to the indian ocean. where there persian oil is going for. india's history is there for the world to see it in force. the maximum. contribution india has made a lot of contribution to peace and has taken part in peacekeeping forces are today. independent india has not. done anything of this kind it just true that during the 1st and 2nd world wars which was neither our edge and our nor our mission in 2 world wars

india has. contributed one and now to 450000 people who've lost their lives during these wars india has never really associated itself with trends of this kind however. it is concerned of our energy security we are quite we have been quite dependent on iran for our energy security but most recently the problems that have been faced in that region we are trying to ensure that we do not face side effects of what is going on over there so that our energy security is not affected so that our ships are not affected we have made arrangements for their security and. india's oil tankers we have made security arrangements for them we are not trying to

interfere in anybody's arrangements that is not our aim it is not out. and. and no one in the word is actually discussing our intervention in any negative manner. so mr putin what about russia's military present because in soviet time it used to be the case. considering the development of our navy and our military forces this is not a problem forest but it's not about that we need to make all actions efficient and for them to bring about a peaceful resolution and a greater security and safety in the region and the strait of hormuz several years ago russia presented initiative to create an international mechanism with the participation of all the interested countries in the region. and.