the simple puzzle traps me and his fingers remember if for those who don't know it's kind of shaped like this and it's made with. bamboo strips that you put your fingers on the 2 ends of the hole and what happens when you do that maddow yeah you know your finger you have pole and you know what happens is it shrinks in size the tube shrinks in size when how to get out of it how to whiskey pit is useless and relax and put your fingers together and the holes expand you know we're going to watch this for hours we're not a magic show but what is magic is what the fed has been doing what the us government has been doing for the last 20 years any time the debt load gets too big and all the fraud gets too big and the t.v. ofr ah then the dot com crash every single time is met with more money printing but this cycle the fact that it keeps on crashing and keeps on the fraud keeps on building yeah it's like they're stuck in this chinese finger trap they keep doing

the same thing then printing is exactly like the little kid pulling their fingers further and further apart in other words they should just like if they find themselves in a hole stop digging that's the western analogue to the chinese finger trap perhaps but you know what the thing is if they were just relaxed if they didn't try to micromanage if they didn't try to rescue all their banker friends and commit the moral hazard if they just relax and said you know you have to fail that business is going to have to fail that fraud you're going to go to jail you know if they just gave in to what is the natural business cycle and so instead of fighting the business cycle the business cycle sitting there right in the middle of the chinese finger trap all they have to do is just relax let it fall apart let it collapse let it go bankrupt right well there's moral relativity and moral hazard associated with what you're saying here in the economy and on. wall street and the

banking industry they keep. moving the goalposts in terms of what constitutes a moral or even legal activity we've been saying this for a long time now every time they commit an illegal act they simply decide to change the law and say well that's no longer illegal that's how the 2008 crisis was a repeat of the s. and l. crisis of the eighty's under reagan and the reason it was allowed to happen is that after the s. and l. crisis there was a whole sell re architecting of the laws governing the banks to make what was the legal then no longer illegal and to make it legal and in 2008 what was the legal was legal and they committed that massive fraud and there was that global financial crisis and then after 2000 a week after lehman and bear went bust they said you know what we don't want to leave any of these banking shenanigans behind we need to change the laws again to make even the few things that were illegal now legal and now we have 2021 years

literally nothing in place there's no laws or if there are all our laws there's no enforcement and so it's just a chinese finger puzzle really between satan and jamie diamond i thought they were the same thing but that's another story another episode we've covered that many times so on this front though you know the kid the child who you pull the stick on they put their fingers up either and and they start to panic they pull harder and harder and harder and the same thing you've seen this over and over with the u.s. federal reserve and remember it's only been around since 19131914 so it's still a baby compared to say the bank of england which has been around for hundreds of years so what you're seeing is remember we keep on hearing about this conundrum they can't figure out why wages aren't rising they can't figure out why consumers aren't spending they can't figure out why deflation keeps on happening they can't figure out why this money printing the same thing is like i'm pulling so hard i can't figure out why i can't get my fingers out if you're well. you know that construction but i told you about the tubes how they constrict that's like the

money velocity collapsing that's the same thing you see that in that trick there the puzzle they're trapped in these in this ivory tower of the new york fed in the st louis fed and the chicago fed and all the sped they're all stuck in this this mind trap of this finger trap of might this show that they keep doing the same thing over and over it is cognitive dissonance doesn't they they don't understand that by doing the same mistakes over and over again they're going to end up with the worse and worse outcome because at the same time they write eloquent op ed pieces for the wall street journal that explain the eloquence and the sophistication and the area dition of these policies from larry summers and others how genius they are from the bowels of the harvard think tanks and why this is of course the right thing to do even though the results the actual proof of what they're doing is cash strapped for the adults in the room like us kaiser report

audience kaiser port presenter is where watching the little child amusingly where like laughing but after 20 years it's like chinese water torture started like ok this is just torture and this is like let's help this child out let's talk to them about bitcoin neutral unit of account gold like there's an obvious answer out of your solution that the relaxation is let the business cycle rule let neutral currency a unit of account that can't be manipulated rule like let that happen prevalent is such an is water torture become waterboarding right so 20 years ago the drip drip drip of money supply increase was unnoticed but now with these quantitative easing program just for like water boarding so the consumer is held down on their back and they have a rag on their face and larry summers and jay powell and jamie diamond they're poor . buckets of water in their face and simulating the act of choking to death and saying this is going to continue until the deflation stops and then until the

actual pre you know person on the water boarding table dies and then they'll blame them and now let's look at their the whole economy here that is the global economy is almost entirely shut down and why is because the united states is the number one economy in the world and where the world's consumer so japan and south korea and singapore know how to manage the pandemic and they can remain open and they can provide us with goods and services however we're too stupid right we're stuck in this this finger puzzle we can't figure our way out to most people the wall to all these people and asia who know how to wear a mask we seem pretty ridiculous lee stupid right like to just put on a mask well you know nature's igs and nature's a and what is exhibit is a get what exactly a better zag so in the coronavirus it and nature zig asia principally china hong kong taiwan the result is one was prepared is going to survive better and the

others are not so good well let's look at 2 headlines about what united kingdom and the united states did versus what asia dead when we went into lockdown max and i about 7580 days ago we thought it would be just like that it would only work for you know last for 3 or 4 weeks because everybody would be not stupid they wouldn't be sitting there 2 months later stuck in the finger chap like we're still stuck in a finger chop so there was one story at a new york and even though andrew cuomo now is considered a great hero and just because he does a good press conference like what did they do new york centric covering coronavirus patients to nursing homes ok nursing homes in america where the elderly are put they live and we sent recovering patients there but a lot of them weren't recovering there were so. till infected and the last spread to the most vulnerable population everybody laughed at rudolph the red nosed

reindeer that night when santa couldn't say. and he called on rudolph to help them got his sleigh and then all the reindeers loved him and called him a hero. and the point of my little story is that those countries that were once considered maybe too authoritarian or autocratic now are looking like well we know how to handle a crowd of iris and those that had kind of like an election system that produced the stupidest among us maybe not so smart ok look at japan japan is about 2 percent of the cases that the united states as they didn't have a lock down they don't do tree saying it's because the people themselves are not stuck in a finger puzzle perhaps you know they're not pulling trying to pull their humble people that's why they're at their home bill enough to realize they have to act new zealand very humble for a brilliant leadership america boneheaded egocentric much oh knuckle head there's like. you know the rest of the world knew and you could see it was china will hand

1st they feel they have the virus 1st and what do they do they separated the ill those with the coronavirus into their own separate units they built those tents remember they built those hospitals those field hospitals and they put all the sick there so why suddenly spread it to everybody else so that was quite obvious here when i saw that tweet about new york sending the coronavirus patients to that old folks' homes well we also sent our jobs to china and now pretend as if we expected a different outcome the same thing the same sort of chinese finger trap where like it was obvious right as soon as you export all your production all your innovation to china that you would end up in a situation like this where we don't have masks partly because maybe we're too stupid too but also we don't even have them so it's not because it's not an option for us because we don't make mascara we have to come up with the stupid reason why we're not wearing it. yes but it's not because you know the red because we don't want to admit that we're so stupid that we can't make our own mass own sense and

a world war 2 united states has been the unbelievable winner of the global geographic macroeconomic gambling casino sure with the world reserve currency and really smart intelligent financial engineers and you know software engineers but that lock is running a that's my thought is that this pandemic has exposed incredible vulnerabilities in the united states and the united kingdom and that's going to be painful it's going to be a very painful next 10 to 15 years you know you just have to relax stop trying to print more stop trying to bail out bad behavior stop trying to prevent the business cycle from happening and maybe our problems i have will escape and we'll have a flourishing economy again the eldest fingerpointing it reminds me of when you think you know back in the sixty's when he drank and you ain't getting. a lot of fun

together quick draw a bow for a wink you dake. this i used yeah i don't remember i'm a bomber ok bomber got take a break and when i come back much more coming your way. 'd to negotiate every citizen who said you can go home for your local co-op our. ringback government. is in all

the shows about this stuff but don't take care of the flies the fake fixing to force you to put stinky the body we know is. that big allow. for more. let's stick by your lies through my proxy and we can feel pretty good use of them so that. the police and the senate. is likely to shit she says she's. not committed yes.

we go to work so you straight home. you are no offense but you no longer a young woman in fact you are one of the last living survivors of the nazi else asked i'm aware of it. leverage it all you like. you can never forget we're going now auschwitz was really like to be in hell because you would never believe it wasn't a human candle to have as a copy of a course for 32 years of growth and the contrary of it it all seems so a lot offered by the side to make it feel good when i get out on the farm saw you know what it's like ma song to her next the oh so he can listen and hopefully he

can bless our heard screams. welcome back to the kaiser report imax keyser time now to go to preston pish he is over there at the investors pod cast dot com i follow him on twitter he's always got lots of insightful things to say great to have you on preston max i'm thrilled to be here man stacey thrilled to be here so you are the founder of buffett's books where the slogan is how to invest like warren buffett so buffett's been in the news lately so i want to pick your brain on this in the 1st quarter buffett lost $50000000000.00 at his annual meeting he seemed to blame the fed so your thoughts on these losses its concerns about money printing why he hates bitcoin but let's talk about this so warren buffett is interesting spot in his

career he did something people were not expecting he dumped a huge position in the airline stocks people were expecting him to be more private sorry and look for bargains etc what you seem to be a scholar of buffett to some degree can you give us an idea of where he is and what's going on there the big thing that's happening particularly with the airlines is this code it's going to change habits just going to change the behavior in the way that people who think about travel i could only imagine the income statements across the whole u.s. as everyone found out that they didn't have to go travel as much as they used to and that was a major expense on their income statement so i would expect that that's how he's looking at it i know that's how i'm looking at airline stocks is that whatever free cash those were kicking off before i think it's going to be drastically different moving forward in heat i mean let's face the fact he didn't have big gains on any of those picks that he had so there was no tax capital gains friction there

so i think he was just looking the offload it it's interesting for those who have been observing. buffett for decades i'm in that camp about following him since i was a stockbroker starting in the early early 1980 s. so it is interesting he's got this huge cash position 138000000000 or so and he did buy into airline stocks as early as february millions of shares and then dumped them a few weeks later and he was in airlines in 1989 u.s. air he lost some money on that it dumped out of that and he vowed never ever to buy airlines ever again and he made a few jokes about it and then he got caught up in the airlines again and as far as buffett goes is his style of investing is it still you know they go to style to a vast are are is it a bit dated at this point and we're kind of entering a different era out what different skill set i think that you're bringing up a really important point because in this debate. at unprecedented

levels type world that we're in. you see a lot of value investors really kind of struggling with the approach in so and where i think it's really. representing itself is in buffett's portfolio in particular because all the stuff that he's been acquiring in the last decade 2 decades have been very capital intensive businesses so like the railroad thing i mean my god the tangible assets on these balance sheets are massive and so when you're going through this situation where currencies being the based and if you're using that currency as your unit knew marron order to do economic calculation all the sudden you you start seeing that the way in the style of investing is struggling relative to other businesses that are 1st to receive that cash it's being employed straight back into businesses that are achieving these digital

network effects and then have a substantial amount of intangible assets on their balance sheets relative to the things that. he's investing in so yeah i think you're i think you are seeing some of that play out now that doesn't mean that in the future if we if we transition into a currency that is actually stable and isn't being the beast unprecedented levels maybe that style of investing might come back and be a really beneficial way to to see the world but right now in what we've seen in the past decade it has not been that case at all so on buffett not to focus on the man but on his style of investing i think we get into some bigger points here to your point here isn't capital intensive industries whether it's railway airlines mining that might not be the a place to be as we head into a world of social networking in the cloud and things that are intangible and he's got 138000000000 or so on the balance sheet and he hates gold any hates bitcoin and

we might be entering a period where a negative interest rates are suddenly that cash is a liability and he's boxed himself out of even buying gold 'd because he's been as orthodoxy has been anti gold for so long and he say he hates bitcoin as he painted himself into a corner do you think yeah i think he has i think when you say something to yourself enough times it starts to become very true to you even on a subconscious level and i think that when you look back it how he has said so many times i mean people have read the. article that he wrote about if you took all the gold in the world and you could put it in on the infield of a baseball it still wouldn't do anything any he gets into this cash flows analysis of how he looks at gold and subsequently because and so i think that that has that has set him up to a position where he's going to have to go back on what he has said for all these

years in order to navigate what in my opinion and i know what your opinion is kind of in the coming 2 years how i. the timeline the kind of play out the next 23 years he's going to really have to go back on a lot of things that he has been saying in order to navigate to instill outperform the market now when i think the part that a lot of big coiners might be. you know maybe maybe underestimating is once let's say that the way that you and i both see this is going to go max which is that because it is going to step in it's going to be the new unit new marriage for all economic calculation is soon as you get a large business so let's just take amazon for example let's say amazon started just doing a media clearance for all their sales straight in the big going and now you're looking at because if we talk if we took the 10 k.'s for amazon for the last 10 years and we go back and we did nominate those and because the top line revenue just as an example and you look at what the top line revenue for amazon looks like

over the last 10 years it's denominated in because it's going down the revenue is going down so if these businesses start dealing in big korean moving forward all the sudden now the revenues going to start looking like it's going up there free cash flows are going to be in a positive trend now you can start doing discount cash flows on what that looks like and all of a sudden you might actually have an equity that's outperforming big going because they're actually selling it in increasing their amount of free cash flow on their on their books so i think that's the thing that a lot of people aren't thinking because it's probably 2 to 3 steps from where we're at right now but when that happens equities to me are going to look a whole lot more exciting then then definitely than they are today right so i guess your point there article a hypothetical a big retailer or an airline by simply changing their unit of account from dollars to pick quite some late their revenues look

a great right just at that simple stroke of a pen suddenly they don't look as bad as they were doing and markets so much is driven by cosmetics right so much as driven by perception and momentum and a simple change like that would completely change the perception and could you know change the way people are investing in. in the stroke of a pen i think it's a genius idea you've come up with there and but just to finish up on buffett for a 2nd you know in the comments he made during his annual meeting about his dumping of airline stocks accent or a he seemed to suggest that part of the problem he was having is that when he went to buy stocks when he was getting phone calls from folks and about to pull the trigger he was outbid by the central bank the central bank has become such a huge stock buyer these days they're out bidding warren buffett and buying these stocks and i think that's got to be

a problem in the long run because their balance sheet now is as incompetent as fragile 'd as anything in the economy which of course is a huge problem now another investing legend paul tudor jones also came out slamming the fed monetary printing policy your thoughts on paul tudor jones getting into bitcoin i think it's massive i think that. i mean he's such a huge name in the space and i think you have so many wall streeters that. have just written it off is this super of alltel thing that goes up sometimes because all these crazy people are involved in it then it goes down and they just they haven't done the hard work to try to actually understand how the protocol executes currency and so now that you have a guy who has a massive net worth has probably one of the best reputations on in all of wall street stepping into this and stepping into it and i would tell you an aggressive way at 2 percent of his of his holdings i think you've got. the people who are who are much quicker to use do the critical thinking are saying hey i need to take

a closer look at this because there's obviously something here if this guys get involved so i think this is bigger news and people realize right absolutely out of that now of course he also owns gold but he says that because it is the fastest horse in the race i take that to mean that for every dollar in gold appreciation going to get $3035.00 upside and because just to get the gold and big quite parity . trade established at around 8 or 9 trillion dollars in market capitalization but this of course has reignited or ignited the gold versus bitcoin debate aside from peter schiff being wrong every year 1st 9 straight years what can you add to this debate if anything i think a lot of gold bugs out there are not going to like me and they're not going to like my response bit the way i see this is you have something in this is all going to come down to speed of transaction so anybody who reads history and sees you know 1920 s. germany it would it would by the time you take your money down to the store to buy

something the price had doubled or tripled or whatever people were not accustomed to that type of scenario playing out because i've never seen it in their entire life but for people that have read history and they look at that scenario playing out you then realize that we're about to go through all comes down to the speed at which you can transact so if you've got money in you're trying to send it over to a big coin exchange and it takes 2 days to close out the sell order you had for equity x y z and then you got to wait for another if you do a wire it might get there by the end of the day those 3 or 4 days in order to just get money on to a big $1.00 exchange is going to literally feel like for months now picture yourself owning a bar of gold that you have dug up in your backyard and securing it finding a buyer somehow securely sending it to that buyer right in order to conduct the

transaction meanwhile the fastest horse which is literally transacting near immediate transaction clearance of payments on the block chain is pumping out a 1000 percent return measured in the last year because i think a kind of suspect that's what going into 2021 and in through 2021 is going to look like as far as percentages right so you're going to be sitting there watching that and if you're trying to sell that gold in order to. put a little bit on the big point train it's going to literally feel like a decade went by while you're trying to get clearance of payment on it so i think that this is going to be where i think that this concern in this risk is going to hit its apex is probably around christmas time frame of this year when big queens up there trying to go beyond its previous all time high of 20000 i think that that's kind of the. the moment where people who are holding physical gold are going to literally soil themselves because they're going to be there and they're going to realize that they're in a very bad position relative to the buying power that they could have over and

quite right so the found money is being debased the gold is just too clumsy and hard to move around takes days that leaves really only pick going in this environment where speed counts anyway thanks so much for being on kaiser poor preston pish max such a pleasure stacy thank you so much i love you guys well on that note we got to say goodbye and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert gonna catch us on twitter it's kaiser report every sunday at 1 o'clock eastern standard time on the kaiser report twitter periscope handle watch us live for 45 minutes i bake cakes stacey does various exotic dancing it's the greatest thing on twitter until next time.

so we've got to do is identify the threats that we have it's crazy going foundation let it be an arms race in this on offense clearly a dramatic development only really i'm going to resist i don't see how that strategy will be successful and very critical time to sit down and talk. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation or community. are you going the right way or are you being led. away. what is true what is faith.

in the world corrupted you need to descend. to join us in the depths. or remain in the shallows. during the vietnam war us forces also bombs neighboring laos there was a secret war. and for years the american people did not know. until our thelma is officially the mouth of rebound country per capita. human history millions of unexploded bombs still in danger lives in this small agricultural country jordyn wieber went on a can of it's happened there even today kids in laos full victims of bombs dropped decades ago is the us making amends for the tragedy in laos what helped to the people need in that little land of mines.

welcoming our viewers from around the world live from central london this is all to u.k. . the environment secretary insists the government is still following the science rather than making political calculations ought to be working pensions secretary fit to blame the sun to pick advice for the government's mistakes. the excess death toll across britain during the coronavirus crisis which is almost 55 france and it says the health secretary is forced to defend the government's position on failing to test patients discharged back into care homes. old line doctors are still struggling to access personal protective equipment and coronavirus testing despite

government promises we hear from broadcaster and n.h.s. doctor com. health organizations member states you know to speak rudely far into the international response to coronavirus. unemployment benefit claims reached record highs by nearly $900000.00 in the 1st month of the town i'll be talking to explain. the environment secretary has said that the selling to be good vice is still at the heart of government decision making after another key minister appeared to trying to blame that advice for poor government decisions says the number of excess deaths across britain germany coronavirus crisis which is a 55000 with the health secretary under fire over the discharging of patients back

into care homes or tea cosies and he has the latest so he's a blame game between politicians and scientists is finally erupted. yes absolutely we've seen at the beginning of this crisis perhaps somewhat of a united front between the government and particularly those scientific advisors who were shanking politicians at the daily briefings well now it appears there are cracks appearing in that relationship perhaps as the death toll rises and people seek to blame each other one of those voices now was the environment secretary now he was heading up the daily government to briefing today after some experts from sage had said that incision to reopen primary schools was a political one george uses stated that actually any decisions the government takes with regards to easing lockdown measures are strictly following the advice given to them by scientists have to be the case that as we evolve our policy from from

lock and to something more nuanced with easements being progressively roll out in several stages over the course of this summer of course absolutely we are following the science on this and just as other countries like denmark who've also embark on a similar journey are also following the side say i don't accept that it's putting the science to one side but it is absolutely the case that all of us are going to have to live alongside this virus for some time to come and we do need to try to live our lives and identify ways of returning to work as far as possible and to put in place a social distancing measures another voice within the government who has been blaming or perhaps trying to shift attention and blame onto the scientific community is the work and pensions secretary trees of kosher use that if any mistakes were made it is down to the fact that the government has again been

following that scientific advice. well if this if the science was wrong advice at the time is wrong i'm not surprised if people then think we made a wrong decision they have to take just try and say so and what now again now we've also seen criticism of the government's response coming from other quarters now the commons science and technology committee chair greg clarke is regular letter to the prime minister and laying out his criticisms for their handling when it comes to testing i've got a look at some of the contents of that letter mr clarke says that catechise been inadequate and the government only reached their own targets at the end of april he also emphasized that rather than the government trying to increase capacity based on their strategy they did it the other way round they were at risk placing their strategy on how much capacity they said had and he said that this was also inadequate issachar also saying that the relied on

a small number of labs instead of involving wider parts of the community of society including the public private sector universities private labs so on he also took issue with the fact that most of the testing has been done in hospitals and not in the public you all with it and the public community it's a you also criticized other public bodies as well not just blaming the government saying that public bodies that have slightly anxious and public health england could also have done lore to take the initiative when it came to testing rather than simply waiting for the government to lead the way the so what about the shocking excess death figures we're hearing about today. throughout this crisis we've seen of course the government releasing their own figures alongside that we've seen the office for national statistics released that which was suggested that so is significantly higher than that the government say is now according to the a and s. we have a look at some of these numbers there are just under $55000.00 excess deaths across

the u.k. and compared to the 5 year average for a comparable at period now up until maybe 8 in england and wales alone there have been just under 40000 code it relates deaths according to the ins that would mean the death toll is significantly higher than the government's own figures would suggest and in caverns perhaps eventually find it is situations getting somewhat better because it in the week leading up to now 8 deaths fell by a 3rd cody there were deaths or virus that's compared to the previous week so perhaps that's some indication that the so-called flattening of the curve is taking place but even so still the government being criticized for their response to the situation in social care settings and one of those voices taking the health secretary matt hancock to tosca is this shadow social cat minister liz kendall and

it has england right yoest hospitals to free up at least 30000 beds to cope with the virus but can you explain why there was no requirement to test those being discharged. group most at risk until april the 15th it's important to remember that hospital can be a dangerous place for people as well as saving lives it also is it can carry risks and does and so it is appropriate in a clinical decision and appropriate in many cases for people to be discharged from hospital and safer for them to go to a care home what's important is that infection control procedures are in place in aca home and those infection control procedures have were put in place at the start of this crisis and have been strengthened exactly as she says as we've learned more and more about the virus all the way around and as the clinical understanding of coronavirus has strengthened so too we've updated and strengthened our guidance

so now that i've got the help of trying to just change the government but when it comes to the situation in care homes where tens of thousands have lost a large surplus is to thank you very much indeed for all of that r.t. case there was also today's coronavirus press conference deputy chief scientific advisor dame angela maclean was asked if lifting lockdown was a good idea and her reply appeared to undermine the government's position of following the science running or a rapid and reliable testing system is an entirely operational issue and so the science advice would be you need to have a racket and reliable testing system senior consultant in communicable disease control dr barrett told me earlier that the science and the politics need to be

kept to overly separate. scientists advise and the politicians take the ultimate decisions and for a long time people like myself who are independent scientists have been asking to see the minutes of the sage and the constitution of the sage and the make up of sage and if we had we wouldn't be having these difficulties today this is very disappointing the scientists are doing a very difficult job but at the same time it would have been much better if the minutes of the sage the advice given to the government and the reference material that sage was using was public knowledge because that way we would all knock the law of the land and the decisions and the floor of information to the politicians and this obsession with a 100000 tests every day the accusation is that they let capacity drive policy not the other way around indeed and really to be honest it is a numbers game and he bumbles as members of the public what we want is demand and

supply and more importantly we want appropriate tasting at appropriate places so we have a very centralized control and with a centralized control we do not have that dynamic of testing locally and there are local g.p.'s this is incredible absolutely incredible we have local heroes local people who really know the stuff completely bypassed from being able to undertake testing or contact tracing and long term we are going to need the local experts the g.p.'s the physicians public health people to manage it locally as it happens so why not use them from the beginning you say long term isn't this all going to be over soon the death rates falling fracture rates falling is there really a danger of a 2nd wave we have to brace ourselves for a much longer right and be upfront and clear with our people that this is the long run. british doctors are still struggling to source adequate personal protective

equipment and access to testing that's according to. of a by a professional body representing 25000 doctors one in 6 of the nearly 1600 respondents said there have been situations in the last 2 weeks where they were unable to access p.p. in one a 3rd reported that they had no chance to test and check if it fitted properly 5 percent have been unable to access testing for the virus but this more than triples when doctors try to get members of their household tested this is left nearly half of doctors surveyed concerned all very concerned for their own health the royal college of physicians says there is need to be done there is more to be done to give doctors the confidence to do their job. employers must do more to help and reassure start giving them the confidence to fit check their own should be to bare minimum clinicians are working incredibly hard in the most extraordinary circumstances the n.h.s. is a faced but without the right safety measures in place they're still living in fear

for their own health and the health of their families over $200.00 frontline health care staff have died from coronavirus in britain since the crisis started this is led to claims that the government's strategy regarding p.p.p. have put lives at risk the positive health says it has delivered over 1330000000 items since the start of the outbreak and health care staff can ring a dedicated n.h.s. helpline to report shortages broadcaster and has dr amir com he joined me earlier and he said that medics were often left confused by the conflicting advice between public health england and the world health organization. my colleagues on the front line is hospital still struggling to get the right p.p. and when they do get it suggests that actually they are not being fitted for a proper in the fifty's key if we don't get a tight seal around your mouth we don't get a tight seal around your eyes there's no point wearing that p.b. because the virus can just get into the tiniest of gaps and i understand sometimes

you know medical cases that agent and you have to rush in and do that but you should have to put yourself at risk in order to do so so yes i agree employer is and that might be hospital trusts that need to make sure that their staff feel confident that the p.p. that they use seeing is appropriate for the situation that they they're dealing with then and it all goes back to the trust for for many of us really do we trust the advice that's coming out there's conflicting evidence between what public health england say and what the world health organization say is proper p.p. and is it just down to what's available and all of that puts a lot of distrust between clinicians like myself and the policymakers and that's really not a good place to be in the course doctors are often at risk from all kinds of diseases but it is concerning that there are so fearful for their health not all because of the incorrect p.p. or the lack of it we are at risk of. illnesses as well but the contagious

illness is measles which generally a nice against but the other illnesses that we might be ethically by generally a minor and we make a full recovery this is a new virus that has killed over 200 health workers so we haven't seen anything like this before in the u.k. in recent times and the ban that all health care work is needed is adequate p.p.a. that is evidenced based. let's take a look at how the virus is affecting the home nations and they chose england has reported 174 more hospital deaths in the past 24 hours the scottish 1st minister announced 29 for 10. these across all settings wells report 17 and northern ireland's 7 the scottish 1st minister has revealed a 33000000 pound budget to help get people back into work comes as the unemployment figures reveal thousands of scots have become jobless since the outbreak began more than it was also noted a steep rise in job losses the rate almost doubled last month and the welsh health

minister has accepted that some people could be shielding at home unnecessarily after thousands of letters were sent by mistake. now let's take a look at the global figures according to world wide data committed by johns hopkins university more than 4800000 have now been infected there's been almost 320000 deaths and over 1800000 have recovered well belgium open schools museums and beauty 70 continues to have the highest mortality rate but capital in the world and we can't hospital staff turned their backs on the prime minister to protest against her government's handling of the crisis meanwhile russia's daily infection rates shows signs of slowing but areas like dagestan are reporting rises. and president trump says he's taking an anti malaria drug to prevent the virus despite safety warnings from public health officials. and still to come on this our unemployment benefit claims the record highs. in the

1st month of lockdown we have from.

would you like. join me every thursday on the alec simon show and i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see you then.

the world health organization's member states of agree to an inquiry into the international response to the corona virus pandemic audi's your correspondent peter all of us has more. world health organization members of passed without objection a resolution put forward by the european union on behalf of 100 nations calling for a full independent investigation into the global response to the coronavirus pandemic what this resolution says is that there will be a full impartial independent and comprehensive investigation into the world health organization and in particular into the w h o's timelines the has been criticism of the world health organization that they didn't alert people or didn't alert nations soon enough to the dangers that we now know were presented by covert 19 chief among those criticizing the world health organization as being the united states during this summit which is taking place

virtually for the 1st time due to covert 19 the u.s. secretary of health said the coronavirus was allowed to spiral out of control because of w.h.o. inaction there was a failure by this organization to obtain the information that the world needed and that failure cost many lives in an apparent attempt to conceal this outbreak at least one member state made a mockery of their transparency obligations with tremendous cost for the entire world u.s. president donald trump has suspended funding for the world health organization jewing this pandemic his critics say he's using the w.h.o. as a scapegoat to cover up for failings in his own administration the united states has the highest number of people that have tested positive for corona virus it also has the highest number of fatalities from covert 19 as well and we're also seeing the

unemployment figures in the united states spiraling out of control the washington also took a diplomatic swipe at china during this world health summit they supported. the bid by taiwan to regain observer status at the world health organization now the independently governed island is claimed by beijing and they did have observer status until 2016 their bid backed by the us alternately failed they didn't regain that status but china themselves on the world health organization they've dismissed out of hand the criticisms leveled at them by the u.s. china has said that should a vaccine be developed in one of their laboratories it would be made open source available to everyone to produce they've also pledged cash to those nations that have been hardest hit by the coronavirus and their leader paying also pledged $2000000000.00 in coronavirus aid china will provide $2000000000.00 u.s.

dollars over 2 years to help with the covert 19 response and with economic and social development in affected countries especially developing countries the world health organization is direct the general has stood by the w.h.o. saying that yes mistakes were made but they were seized upon and learnt from immediately we've also heard from 2 of europe's heaviest hitters when it comes to the covert $1000.00 response saying the only way forward is with unity and for nations to work together on a false only if we join forces will we be dis been damaged and we need the w e true because of its irreplaceable coordinating role and here we have the opportunity to provide a unified response to the pandemic the history of complacency and unfounded accusations. now the country can solve this problem alone we must work together.

the very way show is replaceable it creates in hours the resources particularly to provide support to developing countries which must be our greatest. we had as strong as the weakest our systems with the u.s. proportioning blame in china pledging billions we do see that we'll find out who knew what when when this inquiry into the world health organization and the global corona response gets under way sometime in the future. despite the government furlough scheme keeping millions on company payrolls throughout the lock down unemployment benefits claims have reached record highs those claims by nearly 900000 reaching 2100000 in the 1st month of lock down unemployment has also shot up 550-0021 point 35000000 and it could be much higher as 7 and a half 1000000 have been kept in work on furlough meanwhile the chancellery sooner because one of worse to come. i certainly work better protect every job in every

business we're already seeing that in the date and no doubt there will be more hardship to come a lot down as a big 8 very sick of our economy we're likely to face a severe recession the lights which we haven't see and of course our have an impact on an. director of the center for welfare reform dr simon duffy said the lack of confidence in the labor market will only fuel the recession. are we recover from this trauma system and how the many people who haven't be protected we'll look at the stock just a british issue i mean the situation there in other countries in africa and south america is is also extremely worrying but isn't this a temporary state of affairs it looks as if we're actually moving out of this pandemic in many of those claiming will be back to work within months when there.

of course anything's possible who might say that what will definitely happen but what is a depression model what does history teachers depressions are created by sudden drops in confidence and drops in how people then lead to bankruptcy these in an in will own willingness to invest in new ideas and willingness to take risks this has the signs of the deepest deepest pressures because this is this is far more severe in its output i mean the figures today are just coming to the end of march april and man you're going to be far far far worse the british economy was already in big trouble we were the worst country in europe to recover from the 2008 financial crisis because the stair a c. kept undermining any progress the economy made so we've got a weak economy going into a severe depression and the golan is don't really come out of trying to stick its finger in a number of the holes that says that but as usual what is tending to do is support

the better off support bigger companies and there's going to be a whole raft of corruption associated with the measures is put in place some companies will exploit the measures many will miss out people who just started to become self-employed will not get protection and many people moving out of benefits will find that their income suddenly drop all of these wings will have a cascading effect people will not feel they can do things they were planning to do before they will not take the decisions they've been saying this is what causes depression. speaking at today's coronavirus press briefing in the past hour the environment sacred georgists tessa said the british workers will need to step up and help on the country's farms to harvest crops due to a foreign labor shortage. every year large numbers of people come from countries such as romania and bulgaria to take part in the harvest harvesting crops such as strawberries and salads and vegetables we estimate that probably only about

a 3rd of the people that would normally come are already here and small numbers may continue to travel but one thing is clear and that is that this year we will need to rely on british workers to lend a hand to help bring that harvest home. however submerge that the website used to set up to help people get involved with picked for britain experienced some technical issues and went offline just as it was launched it's been fixed but it comes as experts call for a radical 10 year recovery plan for britain's food supply chains after the virus crisis exposed deep fragilities they say that rebuilding a fairer more sustainable u.k. food supply chain is fundamental for the future deplores $100.00 recently is reports reveal food shortages in over a 1000000 liters of milk being poured away during a pandemic and an inquiry set up by the government to examine the system concluded that the outbreak unearthed just how inflexible it is earlier one of the experts

involved in the report told me it is crucial to make changes a soon as possible. well government needs a plan infanticide has set up a national food strategy to look at these big and systemic issues but the work needs to ramp up dramatically now as a result of the epidemic so we need to think of the whole system not just the food on people's plates but how we produce food what we produce what we produce in this country and what we choose to trade and so we think we need to produce a lot more the healthy nutritious affordable food we need in the u.k. that means more wood coachable fruit more vegetable not suppose says and meat and dairy for more sustainable sources ringback but we also need a plan to make sure that that just not become unaffordable for customers so we need a strategy for ensuring that the farmers get fat price that remains affordable ringback

for everybody who needs it and that's that's all as we all eat food. and that's over that's our colleagues from altie america will take over the top of the other form but saying they're not going to buy. the world is driven by dreamers shaped by one person or those with. the day or thinks. we dare to ask.

you are no offense but you no longer a young woman in fact you are one of the last living survivors of the nazi ellis asked i'm aware of it. leverage it all you like. and you can never forget maybe you can now auschwitz was really like to be inhaled because you would never believe it want to go to as a copy of a course for 30 years and know that the cover of it it all seems so a lot offered by your side. when i get out on the farm saw you know what it's like ma songs there next to you so you can listen and hopefully be blessed by her experience. is your media a reflection of reality.

in the world transformed. what will make you feel safe. high salacious full community. are you going the right way or are you being led so. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or a maid in the shallows. to do aerial reconnaissance. we do have perhaps not in record time discussing the directory of this plan i think i'm trying to contact all. then.