protesters clashed with police on the streets of the ecuadorian capital as the government scraps fuel subsidies to meet the terms of an i.m.f. loan. the u.s. state department approves the sale of millions of dollars worth of anti-tank missiles to ukraine with the country proving to be a rich source of money political intrigue for the united states. an american presidential hopeful bernie sanders declares war on the super rich and gets massive public support and more surprisingly from billionaire facebook founder mark zuckerberg we asked people in new york if the one percent risk being seen as an oppressed minority. i don't think they should

be. demonizing the successful. saturday afternoon at 5 here in moscow my name is called the world update from r.t. international 1st to south america ecuador has been shaken by another wave of violent protests after a state of emergency was declared on thursday demonstrations began over the government's decision to end fuel subsidies which is expected to cause petrol prices to more than double. i. you can some transport workers have been leading a national strike on the presidency using emergency powers to deploy troops in an attempt to maintain order but there have been scenes of chaos as police clashed

with protesters and conducted around $350.00 arrests the fuel subsidies have been costing the government more than a $1000000000.00 a year and it says there's no chance they'll be reinstated it's all part of the president's plan to cut public spending to meet the terms of an i.m.f. loan that was agreed in march he goes down of takes a deeper look at the impact it's having. the i.m.f. is the generous dessie and open handed and giving and seeing whenever a country's economy is in grave need my immediate priority for the i.m.f. . is to help members minimize the risk of crises we focus on job creation we focus on productivity we focus on stability stability actually will be my my my key focus is to build your own key quality means so people fly 30 brought except far too often when they stayed places its

trust in the i.m.f. it ends up in scenes like these. people like like ours sure scrooges i don't know the facts she doesn't suit the charts are still. the last pictures we showed you are from ecuador a country that proves that the i.m.f. does business the same way on both sides of the atlantic at the expense of the people the ecuadorian administration reached a 4 point $2000000000.00 deal with the fund in exchange for a forms abiding by its trusted playbook the i.m.f. marketed it in a non surprise fashion achieving their own last fiscal position is at the core of

the authorities programme which will be supported by a 3 year extended arrangement from the i.m.f. well i've already kind of spoiled to you how this has turned out so far in turmoil in the streets and the state of emergency the authorities have voluntarily renounced their right to choose they must follow through with the tax. form stripped the citizens of some labor protections and cause fuel prices to double measures wildly unpopular among the people well but these are the commandments of the sect of a stereotype and like with any cult it's easy to get in not to get out in 2002 the president of malawi a nation in africa said that the i.m.f. had forced them to sell the country's strategic grain reserves they did and as a result millions of people were exposed to famine when the drought hit something the i.m.f. outright refused to accept any responsibility for the causes of food shortages in

malawi are complex including lapses in the government's early warning systems distortions in domestic markets and mismanagement of food reserves in more recent cases the i am of bailout programs for italy greece ireland and portugal ignited europe wide and to your stereo to movement just when people realize that in reality the money comes not from the i.m.f. but from their wallets in ecuador just over 20 percent of the population support the reforms that came until with the funds billions because the i.m.f. is a robin hood who got it all wrong and now gives to the rich and takes from the poor then the i.m.f. is given a credit to our country is under certain conditions on the. day they control the economy and they're going to go on which is about the goal of the i.m.f. what they are really following this right to open the economy of whether just to

make the. ecuadorian people in the future but not get access to a different kind of private services that they dig out but the thing is was the cause of this going off to ration of the economy anything they're doing we know they're going to increase inflation we know they don't increase unemployment rate at the moment but in theory yes in theory back with all of the future. be on the economy see me not like us they go to real mexican economy let's say by the way usually we say we we because the reason that's going to be. billionaires should not exist out of all the people nodding in agreement with that statement is mega rich facebook founder mark zuckerberg who says he agrees with u.s. presidential hopeful bunny sound is that wealth inequality is out of control but despite that surprising admission from the world's 5th richest person not all of the super rich are on board and willing to give up their luxuries some are even suggesting that part of an oppressed minority more on that from kind of hope and.

billionaires pretty much rule the united states the president himself is a billionaire but apparently he is the most threatened and bullied man in the country he has turned american diplomacy into a cheap extortion racket let's be honest donald trump is a loser all his failed 'd businesses trump cares about exactly one person and that one person is named donald trump i'm sorry that you're a terrible president. well perhaps but the bullying of donald trump has very little to do with him being a billionaire billionaires almost live in a parallel universe with elite parties private jets and little islands that they own but apparently some billionaires feel like they are persecuted minority it's the ordinary people that are persecuting them led by a boogie man named bernie sanders. billionaires billionaire billionaire billionaire billionaire billionaire i am not a billionaire due to all that class hatred incited by bernie sanders the rich are

forced to hide in fancy restaurants and the studio of the fox news channel it's no longer safe for them to roam the streets with commoners let's go back to bernie sanders for a minute when you're having sanders let us know what the hell has he done it's aspirational i didn't start with anything. penalize everyone that's done well now steve schwarzman the founder of blackstone says that the treatment of billionaires in the united states is starting to resemble the treatment of jews in nazi germany seriously actually don't and he's not the only one it's a rising trend if you go back to 933 we've different words this is what hitler was saying in germany you don't survive as a society if you encourage and thrive on and view it genesee the wealthy t.v. preacher kenneth copeland has also reported suffering at the hands of the not so wealthy or a huge fire lines you can't manage that today right this don't feel old world right

get in an air get in alone to with a bunch of being been so the gap between the rich and poor in america has reached its peak in half a century so do you think that billionaires are really an oppressed minority we decided to ask new yorkers what they think that's a joke right oppressed. not at all welcome to be approached minority when living in a world in which i don't think they should be hated they didn't get that way well most people did a really successful got that way because they work if they have enough money so they can protect themselves don't believe in demonizing the successful i mean their majority of them has created a product or service ness or result of. the good work that they've done this is their success so i don't demonize him for being successful now this notion that the rich are somehow mistreated by society is certainly not new the cold war novelist and philosopher i know rand wrote an entire book called atlas shrugged it was about how the rich of the world go on strike against the ungrateful rabble who levy taxes

against them but average americans just don't buy the argument seems that when the ultra rich claim the world has been unfair to them they don't really know what fair means kaleb up and r.t. new york. the impeachment inquiry into donald trump over his phone call with the leader of ukraine has. the white house officials are paid out over the u.s. president's contacts with key have the democrats spearheading the probe say trump has left them with no other choice as u.s. military aid which plays an important role in the whole scandal on monday the u.s. state department approved the sale of nearly $40000000.00 worth of anti-tank weapons to have $150.00 javelin missiles come on top of the $200.00 sold in the country last year our senior correspondent not because they have takes a look at how ukraine has turned into something of a gold mine for the united states. at 1st sight you wouldn't take ukraine for a land of opportunity unless you're into peddling weapons the javelin

system will help ukraine build its long term defense capacity to defend its sober into oratorial integrity in order to meet its national defense requirements now ain't that just the american dream selling weapons to a nation that can barely afford to keep itself warm in the winter and not just any weapons the javelin by far the most expensive and its class more than $200000.00 for the launcher and a rocket was uneasy though it took a concentrated push by arms manufacturers lobbyists and politicians to overturn a ban on lethal weapon sales to ukraine and this man this man was at the center of it the significance of this is that we lifted the old bombing your arms did provide anti-tank weapons. and now we're prepared to treat you crazy like any other normal country which it is just look at his face doesn't it radiate honesty

and empathy but appearances can be deceptive kurt was naughty kurt had a little side gig going on that was all hush hush the side from representing trump in ukraine he also worked for b.g. are a huge and powerful lobbying group which surprise lobbies for a theater the company that manufactures javelin missiles and will make millions by selling them to ukraine kurt unfortunately resigned in september and aside from the whole potentially corrupt thing with b g r and great he was also embroiled in the trump ukraine scandal speaking of which trump has recently put on hold almost. $400000000.00 in military aid to ukraine it leaves out. a scheme to use the leverage of the

presidency you use the leverage of the. vital military assistance to a foreign nation. to provide or obtain dirt on a political opponent it's hard to imagine a more serious set of allegations than those contained in the complaint surely they can't all be rotten this is adam adam has a much friendlier face than kurt adams seems genuinely concerned about ukraine alas adam doesn't seem to be any better see among adams sponsors is a fellow named igor pasternak who makes a lot of money on military contracts with ukraine is that pasternak recently hosted a fundraiser for adam after which the congressman began all but the mounding that the us said money and arms to ukraine which would allow his generous sponsor to

real the tire ukrainian military just last year the m 16 project was conceived some time ago as ukrainian own forces border guards or national guard we time switch to nato standards on a city you could probably film sin city 3 with characters base than these guys but even if you don't sell guns and don't get kickbacks or donations from mama's manufacturers you can still use ukraine here for example as ukraine's national and t. corruption bureau chief sit nick recorded bragging about how he helped hillary clinton during the 2016 election. this time not trump but hillary i helped hillary belongs to the cohorts of politicians who. comprise the who germany in the us both in the us and in the entire world for us that is sort of better oh you could definitely film sin city 3 with these guys but

the audio is real confirmed by ukraine's attorney general it was missed the city by the way who published dirt on trump's campaign manager in 2016 in a real last anyway but the fellow tried so what if you don't have guns to sell or elections to win what if for example daddy wants to get his young boy a nice cushy job where he didn't have to do much well ukraine's the help booth john biden's son and john kerry's stepson landed executive jobs at a ukrainian energy company now strap yourself in hunter biden earned $50000.00 a month 50000 in a country where the average wage is a few $100.00 and you know what in the weird and wacky world of us politicians and i think i gave you a taste of just how wacky it is that's normal the underlying problem here was of

course hunger by receiving $50000.00 a month from ukraine energy company do you think that that is evidence of corrupt behavior no people are set on. monetary payments it was always a playground for america ukraine in 2013 victoria nuland boasted about the billions america spent supporting democracy in ukraine or meddling in its politics you pick since ukraine's independence in 1901 the united states has supported ukrainians as they do democratic skills and institutions as they promote civic participation in governance of which are preconditions for ukraine to achieve its here p. and aspirations we've invested over 5 $1000000000.00 to assist ukraine in knees and articles. that will ensure a secure and prosperous and democratic campaign well thank you mr newland didn't ukraine turn out great but then again look at it like an american

senator you don't care that ukrainians are poor cold stressed and hopeless what you care about is that your sponsors can make money and keep the meeting to you what you care about is ukrainians helping you in elections what you care about is ukraine providing your kids with comfy little jobs that pay millions over the years and if you are an american senator well ukraine couldn't have turned out any better. you're without international still ahead this saturday it seems that while the french might be happy to use face id technology to unlock their phones a lot less keen on the government planning to use it to put them on a database it's among other stories after the break.

make or break the entire proposition financialization nukes because without a base science of value risk to value time you have no basis to value this financial ais post industrial economy whatsoever it's all basically a guessing game. you know world of big partisan. lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smart we need to stop slamming the door on the back and shouting past each other it's time for critical thinking it's time to fight for the middle for the troops the time is now we're watching closely watching the hawks.

welcome back the u.k. government has formally acknowledged the killing of maori people in the 18th century when a british explorer arrived in new zealand but the official statement stop short of the full apology that someone hoping for. knowledge the deaths of 9 of your ancestors and see you as the descendants. i offer my every sympathy. for i understand the pain does not diminish with time. the 1st encounter between captain james cook's men and the indigenous people in 769 led to the deaths of at least 9 maoris britons nearly expressed regret came just a few days before

a government funded commemoration of that landing and it's just the latest in a series of similar actions they've taken over the colonial past in 2030 in the u.k. agreed compensation for more than 5000 torture victims of a 950 s. uprising in kenya and earlier this year former prime minister to resign may describe the 1900. as a shameful scar on britain's history in india when troops fired on unarmed crowds containing some nationalist protesters and killing more than a 1000 people according to some indian estimates but again words were not seen as a full apology we spoke to a maori rights advocates who says the wording of these expressions is absolutely critical. it's not an apology and it's an expression of regret and so those are very particular words that have been used and the british high commission has reclear she was not speaking on behalf of the british crown to the actual ones that seat james cook

a lot i think great britain would be the exception to seeing the vanguard of imperial expansion as as being heroes i mean this is the same for many european empires they who are sized their activities and they got to write the history books and my price themselves as this but to say and an expression of regret which is literally a non apology that it's impossible to know what really happened when there are numerous accounts they have slight variations but they all agree that these people were unarmed and were killed for the sake of of demonstrating supremacy we know that it happened. francis said to become the 1st european country to roll out a nationwide i.d. program using facial recognition technology president been pushing the initiative despite a barrage of criticism from privacy campaigners to do bensky reports next from paris. your face is your passport it's

a saying that's becoming more and more reality in the modern world we may already be used to the idea of facial recognition to access all smartphones or even certain apps but how about the idea that governments are now moving in the direction of using your face as a means to access digital information as citizens so that could be services such as taxes and social security without there being any alternative that's exactly what's about to happen in france it seems it's set to become europe's 1st country to use facial recognition. for much of the proposed service is extremely practical everybody will have an opportunity to see for themselves there's a facial recognition system for your mobile phone is infinitely more practical than a card the fact is that your personal data can be stolen from your card and to morrow you can change your card but your face won't change in

a day so this development will radically influence the security of information it's caused theory amongst critics who say the id program dubbed his premature and they've also raise concerns about its privacy the processing of personal data which reveals racial or ethnic origin political opinions religious or philosophical beliefs is prohibited while the development of this technology creates and president socially beneficial uses it also poses a serious threat to human rights and civil liberties most notably the freedom of expression the freedom of assembly and association the right to privacy and the right to a fair trial. i listen an acronym for certified online authentication on mobile will be rolled out in november according to the french government it will enable any individual to prove his or her identity on the internet in a secure manner but how do people here in paris feel about it he encounters force

people like. even giving a choice is the key to do one thing and then it's. right it's true that it could be dangerous i don't know much about it i think security is more important but it doesn't bother me but i don't have an choice i think people can already do that with social media there's also been concern that this could be this slippery slope to facial recognition biometrics being used by c.c.t.v. i mean every move that you make could be entered into a database and that's already happening in countries like china the french government though insists this will not be the case here and it says any footage to use facial recognition will be raised within seconds but those assurances may not be enough to persuade people given that state security standards in france have already 'd been breached earlier this year it took a hacker

a little over an hour to break into a secure government messaging app so many are perhaps concerned that all technology is pregnant will and their information could fall into the wrong hands big brother is watching you and soon you may have no choice but to let it show if you can ski r.t. paris. iraq's we left reeling by 5 days of nationwide anti-government protests in which at least 93 people have been killed according to rights monitors the crisis began on tuesday in the capital baghdad a high levels of unemployment and demick corruption and die of public servants and police used rubber bullets tear gas and live rounds to disperse protesters internet access has been cut off to almost all of the country the iraqi prime minister has called the protesters righteous and said that they must be listened to but insists there is no magic solution to the crisis iraqi kurdish journalist he was one told

me that the people have been demanding changes since the u.s. invasion. their demands are what most iraqis have been asking for for over the past 16 years since 2003 and it doesn't seem to be any real practical response from the government they are still resorting to the old fashioned ways of either using violence with these protests or trying to talk to some of the leaders and they were the one thing very important about these protests is that they really do not have leaders chronic corruption the chronic problems that have been in the country since 2003 i have not been solved if the government is to to to deal with these protests cutting the internet is not going to work posing a curfew will not work live bullets would work they all they think that will work with the protests today is to really is to 2 different nations of good governance

in the country manage the country's wealth well diversify the economy create a more representative system democratic system. i should use but i was stunned by feel saturday kaiser report next. round up with a lot and then comes out of. the set up one among what i would. find i trim 80 they tell you not the hi i'm i said.

at the salon months in front of the sensor on. some photo of a muslim youth a lot of the. theater some when we did the board. there this is the kaiser report we get into it like you probably are used to so if you're not used to it get ready stacey hey max well you know what we have a topic today that is right in your court and that is i know you used to be an options trader and wall street so we have some stories from the options market in

the topsy turvy world where the black in shoals formula was supposed to get rid of risk it was supposed to help separate risk and reward this paper was published in 1983 the black initials options formula and negative rates are rewriting the rules of modern finance negative interest rates have quite literally broken one of the pillars of modern finance as a columnist and central bankers weigh the pros and cons of sub 0 rates and their impact on the world traders have been contending with a rather more mundane fundamental issue how to price risk on trillions of dollars of financial instruments like interest rate swaps when their complex mathematical models simply don't work. right now the black themselves model didn't get rid of risk or separated risk from reward so i make the analogy to the atomic weapons or the atomic power or the whole idea of einstein's discovery that energy equals mass

and by understanding that you could create an atomic weapon that was based on a fusion exciter oh so in the financial world. the black controls model basically pried open risk and reward and you could trade risk separately so in the options market which followed only 10 years after the us you can trade an option that no intrinsic value at all just to. has implied value based on. time to time value plus. the volatility or beta so if you have been on a stock and the option is the buy the stock in 6 months in the future and that underlying stock goes up and down a lot then you have an implied value for that option right.