so today let's kick things off in the nest of wall street by as we start watching hawks. like you that are going to. the. world around watching the hawks i am tyrone winter and joining us today for another rousing round of panel discussions and some of the most important news stories of the week is the host the boom bust group the investigative journalism but it's one of the legal and media almost lion-el of a lot of media and from miami r.t. correspondent john hardy thank you all for coming on today. kristie i'll just throw it out to you 1st what are the real dangers of all these major household

corporations we see these names a.t.m. to general motors and such racking up 10 trillion dollars in debt equaling to 47 percent of the overall economy well the biggest risk right now that all the analysts see is that 50 percent of the 10 trillion dollars needs to be refinanced by 2023 they need to be refinanced are paid back because it's going to be doing 2023 and right now half of these corporations aren't due and most likely they won't be able to pay it back because they've borrowed right now where we have extremely low interest rates they currently are making investments into capital expenditures are hiring are increasing their efficiency as an operation now they're hoarding it in order to make equity buybacks which really is artificially boosting up its stock prices for the corporate executives are not making any real investments into the company or boosting the economy in a way that originally monetary policy and took it out because economic dictated that it would so because of that if they're unable to refinance if they're unable to pay loans their bonds would then be downgraded and as soon as they do. from what

it currently is the lowest of the investment grade bonds that will start a catalyst in which case every other bond will start defaulting and then the fallback will be huge whoa whoa. everyone is going to say it's in your head is spinning at this moment right now because the explains all this but the bottom line is it's bad money right cheap money that we've seen for so long and do you really blame the corporate overlords as you called the right for doing this for going after this i mean look it's a system whenever you combine fiscal policy the federal reserve bank it's all become political none of it's based upon what's actually good for investors and certainly not good for savers and you've wounded essentially the entire economy by saying we're not we're never going to bring up interest rates we're going to keep them down artificially low for over a decade why wouldn't you go and do this right are going to chase after this money the problem is what christie said is the long term play here because ultimately eventually got to pay it back or you're going to have to become insolvent as we saw

in 2008 exactly and yes while some of the blame is to be made on purpose a lot of it is monetary policy because the point of monetary policy and low interest rate is to create investment expenditure is to make companies borrow money and take risks in order for that stimulate the economy that's the concept here and they're not doing that because they're hoarding it because of the fact that we're in an uncertain environment and who created this uncertain environment while it's all political is there a trade war is there no trade war is ending december 15th no it's not there's tremendous uncertainty in the market and that's all created by politics and created by the fed and who's not giving any clear indication of where the market's going so you really can't blame corporates for wanting to hoard cash put it in their own stock that on themselves rather than making future investments because they can't. can we blame corporates though can we just point the finger at the greed ultimately that just won't let them go that they're not reinvesting back into the country for the weekend but before i do there's a and they hate to do this but christie the next time you come on the show would you least have some facts. this hemming and hawing this is the books throw

deception i've ever heard i am just. flabbergasted and what's going through my mind as you went through this basically this not a post-mortem it's a good pre post mortem you're predicting what the what the coroner is going to say my question is with all this going on in this city regarding various political activities to do you think somebody somewhere would have said you know why don't we have some hearings now says this would be the 3rd 4th 5th maybe 10th crisis that we're looking at and bring in experts like yourself and say let's stop this now why is it that nobody is talking about this you've you've explained it very very clearly and i wonder what is the purpose of of washington and government and government if they're not not asking to be pressured in vatican pythonic anticipating something they've never thought it but we're laying it out it happens in cycles i don't understand it it's political malpractise it isn't ask you is this

is this kind of political malpractise and we don't see washington seeing we're talking about right here at the table and seeing this kind of corporate greed on overdrive. well it could be you know but 1st let me say i'm really impressed by your use of south park in ghostbusters and i don't know why that those good but love business dead has reached a level that you know really should give busy businesses businesses and investors reason pas and it's really things were to go south with the economy and overly indebted firms could be you know could be in big trouble you know also you look at some of the other numbers and americans are projected to fall seriously behind on their credit card bills at the highest rate in a decade the number of people with access to revolving credit reached a record 200500000 in the 3rd quarter i believe my numbers are right you know so so there's a lot of signs that things could go south some believe that we dodged a bullet going to a recession but you know you talk to the republicans of the tribe the ministration

they paint a rosy picture but the fact of the matter is this is a country and remains a country of haves and have nots you look out you know just walking down the street today here in miami along miami river i'm walking by a group of homeless people camped out on one of the bridges and there comes one of the may you know mega yachts come of by with people partying and music blasting. you know so that that's just an every day scene it's just the that the wealth and economic disparity gap is just right in people's face i know i'm kind of going off on a tangent there but i want to put that out there it's a good tension because i think we're all i mean i know i see it just walking the streets of washington you see that kind of wealth gap that's right in our faces i want to even read to. about specials the institute of international finance he actually told reporters we are sitting on top of an unexploded bomb and we really don't know what will trigger the explosion while we may not know and to your point we're all kind of come to pick a bit here what would they not know what do we feel could be the who financial

player that lights this fuse to this bomb you john mentioned a few things that were good super bugs like what do we have any ideas of what's going to wipe those water a lot of the biggest companies right now. now in the american corporation we have oil death or oil is one of the industries that we can absolutely point to it because we do have numbers their oil companies especially big energy they have been lever to the hilt they have invested tremendous money in the entire shell explorations and those have not panned out at all we also have big industrial such as g.e. g.e. is another big one who are also leverage to help their almost junk grade rating right now and they have are unable to dig themselves out because manufacturing is pretty much dead in the united states so those companies those 2 industries alone industrials and big energy those represent the top core of what american is if we look at what america is built on it's actually not tech it's not amazon it's not really google or apple or facebook is that still backed by big energy energy is still one of the top industries the top industry in the united states so if we have

something like and energy crisis where right now the oil prices it's stabilizing and everything but it's still going to go down the as we turn more into natural gas and other things like that oil is going to fall and because big oil has the leverage to help there are going to be defaulting to one over 200 of the smaller oil refineries and explorations have already be faulted this year alone because of that this is just going to cause a chain of people. magine this code to go the you know in our society take any economic collapse that we've ever experienced to depression and add 2 days to the meaning how do you think we're going to react if all hell breaks loose and everything falls is start of buddy can you spare a dime if somebody standing in the corner trying to sell an apple or a pencil what you're seeing does demented. people are triggered by history in order for what's going to happen when all the sudden they say you don't understand there's nothing here anymore can you imagine

a calamity can you imagine what's going to happen in the streets well it's going to and we can kind of see it already because that's kind of what happened to happening in hong kong yes. it's still important to him. we're to that that none of this is real right so the interest rates are artificially held down you know christie was mentioning about energy what happens if you have energy crisis well we're not going to necessarily see the energy crisis like we saw in the seventy's because we learned from those mistakes which is to prop everything up in the meantime and that's not that's been the answer for government is how do we avoid he'd ever dealing with the realities so that bubbles in the writing sense that. there's booms and there's a bus the problem is that we don't believe that in a essentially keynesian economic world view which is what basically every economist is holding on to right and then there's this keynesian worldview it's always a boom so we've got to keep booming and see you keep holding the down artificially and eventually it's going to flare up but look at 2008 and the outrage that we saw

from some people over how wall street was build up i don't think we can do that again i don't i don't think there's enough political capital or understanding on the part of the public to say we all allow you to bail out corporations again while the main street america loses i just i don't see that happening i don't see it either and i think that one of the biggest mistakes that we made in the in the aftermath of 2008 is that we blame the people who are buying about mortgages rather than the actual people giving out bad mortgages and i would break my heart if suddenly we have another financial collapse we have another recession coming down the pipeline and hey let's go blame the little guy again let's blame the poor cats who are said ok you can own a house even though you make $50000.00 a year in this economy you know i don't want to see that again i'll begin to put it here at this table or in my family wants to see that again. that's a lot to take in your goes i'm scared to death right now but as i discovered that i think it's about time we take a break before i get to scared why i need a sedative at the same time well you know i mean i'm not saying well i did it right

by everyone he has your numbers and i'm over here and i don't think ways i'm triggered what are triggered off it will go over a legitimate which is exactly happening as a man i mean because people would be supplying it market is if there was no demand quite the same even here we wouldn't have all these people being. dupont's blood out there and there was no demand so if it does don't run on the fire green and we've got a right now they're definitely all right as we go to break talk watchers don't forget to let us know what you think the topics you've covered over social media be sure to check out watch walks the podcast which is now available on spotify apple music and everywhere you listen to your favor about so by the podcast coming up our blue ribbon panel weighs in on one of the biggest under-reported controversies in the journal of the debate as well as the journey that the afghans of afghanistan papers took to get here they too are watching the whole.

each simulating civilization would be able to run using a tiny fraction of its resources. hundreds of thousands millions of around store all of human history almost all. beings with our kinds of experiences with them to simulate that once brothers in on simulated ones and conditional now they are good we should think fearful of their one of the simulated ones. facebook and google started with a great idea and great ideals unfortunately it was also a very dark side. they are constructing a profile of you and that profile is real it's detailed and it never goes away

turns out that google is manipulating your opinions from the very 1st character that you type into the search bar it will always favor one dog food over another one comparative shopping service over another and one candidate over another they can suppress certain types of results diced on what they think you should be see if they have this kind of power then democracy is an illusion the free and fair election doesn't exist the more rope we give them the sooner we are all hand.

all right welcome back from that lovely break in late november wiki leaks published a fascinating internal e-mail from the organization for the prohibition of chemical weapons showing that there was internal dissent over the group's conclusions when it came to the controversial doom of chemical attacks in syria where more than 40 were killed in response the united states and its allies rain missiles down on the syrian government according to reuters the unidentified inspector described the report as having been edited to appear more conclusive the more conclusive than the inspectors findings couple this with recent claims by former o.p.c. w. employee in henderson that the 2 cylinders that were supposedly used to disperse

the chemicals responsible for the attack were most likely place that the scene rather than binning dropped from the air which would have meant that the syrian government was not responsible for the attack well my friends you've got yourself quite an interesting news story right there or at least you would let's you work at newsweek journalist to recall dodd announced on twitter last saturday that yesterday i resigned from newsweek after my attempts to publish newsworthy revelations about the leak o.p.c. w letter were refused for no valid reason that went on to tweet that i have collected evidence of how they suppressed the story in addition to evidence from another case where info inconvenient to us to the u.s. government was removed though it was factually correct for those of you keeping score at home by the way 3 could dodd was also one of the few mainstream news journalists who discovered that a senior twitter executive was also a british army psychological operations officer in response to the dobbs resignation newsweek told fox news that quote the writer pitched

a conspiracy theory rather than an idea for objective reporting newsweek editors rejected the pitch so everyone is this an example of mainstream corporate news censoring stories that paint western powers foreign policy in a negative light or is this just. they describe all journalists blowing things out of proportion i'll start with you john boehner miami. well 1st of all the irony there is that you know you mention the report that was on fox news well fox news has been accused of spiking stories. and some of the stories that were that were supposed that were that should have more than likely run on fox news that were spiked so you know as far as this particular story you know let's see what this writer has let's see apparently he's being threatened by newsweek with legal action if he moves forward with with any type of story so we'll see you know see what facts he has but i think it's a sad commentary on really the state of journalism overall because you know you

have you have magazines like newsweek time for that matter as well which are really a shell of themselves and just across the board not only you know with magazines but in print journalism as well out of the newspapers are just a shell of what they once were miami herald's a good example that is not to say that there's not great journalism coming out of these you know these publications but a lot of the you know the corporate media companies are being run by lawyers and you know when salespeople nowadays and not journalists so i think this is one example of many others that we've seen and that will continue to see the figure for well let me say this though so i think there's a you know an issue of waiting to see what this story is but at the same time this reporter had is not the one who's breaking this story right he has compiled together beat bits of information from a. report that essentially has already come out dissenting the e-mail that was a part of that report that already proves for a fact certain things that by the way some of this reporting in 2018 so there were

some of us who did report on this in 2800 and the fact that even at the time the information being put out about this attack and was suspect to say the least at the time there were claims that these these kimock. chlorine bombs essentially were not dropped from the air or that these containers were brought in later and one of the things that you find in this report is that investigators at the time said it might just be chlorine bleach that was used so there's a lot wrong with the story the point i think this story demonstrates more than anything else is that newsweek knew at the time there was contradicting information because i knew it and you knew it we all knew it at the time but they didn't report it at the time and what they're doing now is doubling down on bad reporting they're doubling down on the failure to tell the entire story because it does not fit with the narrative and the narrative being that assad gassed his own people and i would remind your audience again of what happened in 20181 week before this suppose that

attack took place president trump announced that he was pulling troops out of syria and then on week later assad gases his own people in order to keep us there and some of us asked the question at the time why would this even happen if if u.s. troops are leaving why would assad suddenly do something to probably kate and to keep them there so there's a lot of questions surrounding that and again ahead you know it's interesting what he's saying about it but this is not his reporting he's merely pulling together facts that are really already out there. is a very strange though the number one speed of journalism that that newsweek received more information and more ink if you will electronic ink by virtue of spiking a story in the reporting most people say newsweek is still around to the real journalist interestingly enough the wiki leaks and its founder is in prison or it could very well be dead and if they don't abstain him obvious surprise number 3 you

can almost always bet maybe i'm wrong just i'm just a civilian when you have a weapon of mass destruction you can almost get bet on this and finally if i hear conspiracy theory. or in time you know gore vidal says and one experience even. i'm a conspiracy analyst and they always turn out to be true it's become this substitute goward since the cia weaponize it to mean they're talking about something we don't know what to call it let's call it a conspiracy theory you know it is interesting you bring up the conspiracy theory then because it seems like that's always what they're using the kind of that's been wiped of the go to now on all sides if you say something that people don't like well it's a conspiracy if they're going to mainstream media conspiracy theory because that's not the story that they want you to believe and they want to put you in this tiny box and what mainstream media does so well is that it propagates information to everybody and if you tell the same line long enough it becomes the truth and so that becomes the truth the mainstream and so the truth becomes itself and so that's very unfortunate that media has evolved this way that they just become so efficient

that they've been there become a machine as doing that and someone even used like the term brainwashing they brainwash the public you know it's interesting because i feel like part of. this reporter's going to predict when he comes to twitter and says hey look i'm leaving them in my resignation they wouldn't do this story i wonder would would would it be easy to get the story about the story that he was trying to get out about o.c.p. w right but just his story in general is it easier to day for reporters the kind of sound off because of social media and he would we even have heard about the predicament that he was in at newsweek out of social media did not exist back 203040 years ago john i mean is it easier now for reporters to kind of vent their frustrations with their boss as well. sure absolutely i mean i have i think in way you we all have at some point you know is it easier now than it was a lucky you know you know people have filed lawsuits against their employer and that you know lawsuits have been picked up so social media is definitely a platform for people to go to to get their viewpoint out there and then this look

in this reporter's case and i think ben i think everybody makes a good point if he does have new information if he does have exclusive information then the facts will present themselves and he'll have a way to do that if he does indeed you know whether whether he's getting threatened by legal action by newsweek or not the facts will get out there if he does indeed have that information so we'll see and i think this scandal is less about the o.p.c. w. report which again i think that information about the scandal is less about that it's more about the way newsweek has treated it i think you're right that it was social engineering companies i refuse to call the media going with social engineering companies like twitter and facebook they essentially have set themselves up to be the guardians but you have a kind of a $2900.00 kind of goes down now with this year of whistleblowers inside of media and you know whether you like them or don't want to be able to not like james

o'keefe but you have to look at some of the stuff they've done like the a.b.c. employee who out of the fact that they had spike the epstein story right with the robot video and the story was interesting and i think not really surprising to some of us but interesting but what was more interesting was how a.b.c. responded to the story firing the wrong person at c.b.s. and getting that person fired you know kind of closing wagons and go we now after whoever did this instead of saying here's what we did so i think it's a similar pattern that we're seeing emerge right now which is that social engineering companies to some extent allow us to vent that this is happening but it's how these companies respond. that where they begin to show themselves for who they really are you know what you do the right right now despite this you know the old the school heritage media don't like the star that burned out millions of years ago we still see it we just see the light but it's not there anymore right now there is such

a rich treasure of civilian citizen journalism alternative almost many granger is guerilla grand juries some of the best stuff from news sites and from blogs people whose names may sound funny but are absolutely spot on some of the best stuff that's out there this is the real story newsweek wide spittoon you don't know what do you do when it newsweek you know the interesting thing about this and then we'll also be released this week and what actually struck me about this story. fuels like you know the papers that came out of all it's like oh my gosh they lied to us about it they're going to do more you know everybody has heard of me or everybody who's paying attention or listen to whistleblowers and all that over the last course of many years all said well we all knew that right yes why are you suddenly destroying explain what do you think anyone anyone even the people who are fast asleep in their early hanging on do you think they're even surprised i mean maybe the pentagon papers right we thought of b. had nom was

a lie and people were shocked i don't think anybody believes i think even the person who is is half awake and doesn't really care about politics hears this and says well obviously we've been there for 20 years and we're still losing so. we're just in such a different moment we're becoming habituated to it will become in a condition to the fact that they will want also to war i know we did in vietnam and albert when this was not so one and we're going to hear it again that's not the reaction we want it's supposed to sound alarm and have citizens instead of becoming used to it and conditioned to it there's no outrage anymore we have outrage like you're being triggered for the wrong reason we're outraged for things that are in consequential that's true but things ever actually sound like this is exactly. what happened with china because of the chinese are all because of internet because citizens have become desensitized so they know things are being held back from them so they're no longer surprised they're used to going outside of the firewall for a real information they're conditioned to not believe it anymore and right now we are actually fall into the exact same cycle well i got to say i got to say you know

i think that everybody here from john audience christie swan why though i think everybody i think everybody in this battle all does their best to get information out as soon as possible and they're not surprised a great good stories and very good journalism the most important thing that's why one of the great reasons i have joined here today thank you so much for coming on the bed and given us all your expertise and that everybody is our show for you today remember in this world we're not told that we love them up so i tell you all i love you i am i rolled with. the fog watching old fox out there and over a great day and night everybody. let me. ask i will and then will. not trouble getting. you show me one of.

you will lose your mother. trying to make her see because i don't want to tell. you what they were over the kook on the standards of that now that you had checked on. the clues. in the local to the police state. i knew of the wisdom. of the snakes to learn in 1001 not. so when you hired them but he tried to use in to do. them but to pardon them not to me when i meet you house on them. classroom. is you'll be via reflection of reality.

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a candy reaching them mom 54 years old and 21 years on good role model. for a crime i didn't commit. my only stupidity was innocent doesn't read to do stupid nobody would listen. you know knew the. trial was pretty much a farce. they are having guilty before that well. tell you nobody. cause. nothing not people you want her to come. for you to tell me hasn't forgiven himself for something. i knew she was there and i knew exactly what i was doing. people. sometimes there's no explanation.

blew away use the conservative party to its biggest majority in the u.k. parliament. but it wasn't to forget for labor in the polls our live coverage from westminster returns and that's the. other world news this hour at least 71 soldiers are killed in the militant attack on an army base in nice you're exposing a deep crisis for french foreign policy in its former. a deadly protests sweeps across india over a new migration law which makes it easier for millions to become citizens in the country.