common ground. live from the world headquarters of r t america our nation's capital this is the news with rick sanchez. ok hello again everybody i'm rick sanchez and i want to welcome you all of you who are watching us right now from all over the world whether you're watching on your regular cable or t.v. provider or the portable t.v. app this is the video image that is being talked about all over the world look at that that's a statue of former u.s. president andrew jackson being the last by protesters in an effort to put down the white house and sent in federalized police to push the protesters back. to the

story an explanation of why and rejection is so reviled and all of this is coming up right here but we're going to give. with a bold declaration by china that seems to imply that it's simply had enough with quote u.s. threats to interfere and will now move forward to the dollar rise and strike back against the united states by creating a global currency to compete with the u.s. dollar china has long considered joining russia and fighting back against u.s. control of the world's ability to trade or transfer goods without u.s. interference or say so but now with china is announcing that it's actually preparing to be cut off from the u.s. financial system. and they're taking what appears to be real steps to protect itself. why or maybe the better question is why now ok.

the reason is that while the united states has been heavy handed in the past it has never according to china and chinese experts and officials gone so far as to weaponize the u.s. dollar the way that the trumpet administration is doing so and threatening to do so now see that's what china says that it's doing what it's doing even if it shakes up the entire global market it says it's necessary as a defensive move one of china's top economic officials seems to be saying that the time for talking is over and now it's time to act here's the quote. we have to make preparations early real preparations not just psychological preparations he would fang shanghai is expressing in that fear is that the trumpet ministration will do to them what previous administrations have done to russia with sanctions that have literally locked them out of the world community what does that mean well

what it means is not allowing russia to exchange goods or currency with other countries that's a destabilizing thing to do to a country and that type of weapon is ation of the dollar would be tantamount figure to be speaking of course to an economic nuclear strike one that would cause unimaginable repercussions not just in china but obviously worldwide when china tries to strike back. how serious is the united states about weaponize in the dollar to punish china how serious and how capable is china in its threat to strike back this is an important story if you want to be ahead of the curve in understanding this park area scenario that could affect you me and just about everybody else on the planet and you want to stay tuned as we drill down here on the news with rick sanchez where we're committed as we often say to the axiom that it's time to do news again.

all right here's a list of the questions we think you'll be asking tomorrow after watching our newscast today why does it happen and what can be done about chicago's gun violence columbus church and others we'll talk about the is libya pardon me is libya once again descending into chaos as the side of international proxy war. our air lives in the u.s. and europe still suffering how bad is it now obviously we're going to start with a story we told you about a little bit about ago china. this has to do with the fact that china is now in a situation. it hasn't been in quite some time that's not to say that the united states has not been very aggressive with china but what china seems to feel now is that the united states is going to go even beyond that but that what the united

states is essentially going to do is to weaponize the u.s. dollar against china joining me now as christiane is she's the host of. a global market analyst to take us through this kristie let's start with china because i mentioned and what had fears i mentioned a while ago that the united states is polish other countries russia being one of those but china seems to fear that the united states is going to go even further than it did with russia explain that to us. when china right now is being very proactive and it's as you said earlier on you know minerva's taking a defensive stance right now to prepare for the possibility of being cut off from the u.s. dollar payment system in case the u.s. sanctions china chinese companies and banks and right now this is perceived as a real risk from china standpoint because they are quite vulnerable the u.s. dollar is the world's reserve currency and all trade is conducted in it so as such

china mainly relies on the u.s. dollar payment system in most of its international dealings so we've already seen last year china tended to trade and settle trades of the neighbors in russia and india in their own native currencies while those test runs were quite successful it was done a very small scale so china is quickly realizing this is a very big vulnerability it take a nasty turn so right now they're trying to shift away and be less dependent on the u.s. dollar but at the same time this is a very double edged sword because this move by the u.s. would be perceived as a nuke. their option to cut china out of the financial market to cut it out of the swift network that would have severe blow back on the global economy because cutting china off from swift would be economic suicide the u.s. currently runs about $350000000000.00 in annual trade deficit with beijing and the p.b.s. see a hold over a one trillion dollars in u.s. debt so the u.s. really can do without trade with china than china can do without trade with the u.s. so it's one thing for the united states to put sanctions on

a country and some of its beds for example i think that's what happened with russia for example but when they knock you off with that's a much more difficult blow right they explain what happens when you get knocked off us with what happens to a country what can it not do. but it essentially means a new cancer you are cut off from the entire global monetary network and media have no access to liquidity you have no access to the dollars or you can't send international payment supplements and or any pay for anything that are currently settled in u.s. dollars and most of the global international trade currently is denominated in u.s. dollars that includes oil that includes agricultural goods that includes basic supply should necessity materials energy all of the above all of that is currently denominated u.s. dollars that would be a very severe blow i one of the things that you mention with venezuela even though the u.s. previously and historically has sanctioned other cut other nations they cut them

off temporarily as was the case with iran it massively hurt their economies but one of the biggest detriments is the fact that in order to completely cut a country off other countries have to also comply with the ban so this is the case with china if the u.s. wanted to even kick china out of this what people are saying is highly unlikely because the u.s. would have to get the new on board to endorse and follow these sanctions and there's actually no you know why the e.u. would do that when it would hurt their economy china as it has proven in this entire coronavirus of the so to prove. itself to be the manufacturing hub of the world and they service the e.u. so there's no way they would give that up over a dispute that doesn't even involve them so what would happen to me as a consumer or a citizen of the united states if tomorrow this kind of situation developed i mean we've called it the nuclear option the united states continues to weaponize the dollar china finally says we've had enough and does what and what would be the effect on us. while china right now is not as you mentioned is not creating

a different currency they're trying to just lessen their exposure and by doing that they're creating a gold backed r. and b. denominated in oil futures contract so this is the century a competitor to the swiss network which allows them to send payments internationally and sell trade in their own native currency so if u.s. were to suddenly blow up and just not have any trade with china whatsoever that would mean that goods for you as a consumer an american consumer that would mean good prices of goods would rise exponentially even more so than the kid was last year with terrorists so we'd be talking about a level of inflation that we haven't seen in i imagine quite some time because the goods would have to be made somewhere else and they'd be more costly correct. absolutely and in china while it would certainly wreak havoc on their financial system because as you can imagine shanghai the shanghai exchange the hong kong hang seng those are 2 of the biggest largest and next and hindsight even out ranked the

nasdaq last year so if you take a look if you take a look at just the global markets and amount of capital in the flows through china each and every day that is going to recompete havoc on how trains and trains are going to be settled seems like something we probably don't want to see happen for the good of both sides kristie thank you so much good stuff thank you libya has become the center of a proxy war once again some of the international community are calling for a ceasefire and peace negotiations as others continue to encourage conflict in the already war torn nation our teams alex the heart of it has been following up on this story for us and he filed this report it was a country that boasted one of the highest standards of living in africa according to pan african news platform the african exponent under president moammar gadhafi in libya education health care and even electricity were all free for citizens farmers enjoyed a high level of support from the government mothers were taken care of after giving

birth bank loans were interest free home was deemed natural human rights and the literacy rate jumped from 25 percent to 75 percent under gadhafi. but then along came nato in 2011 alliance forces backed a rebellion against gadhafi as government that war came to an end when the country's leader was tortured and killed by western backed rebels on october 20th 2011 a gruesome scene applauded by some yes we came we saw died. but it's hard to overlook the fact that chaos has continued in libya to this day a variety of players have struggled to control the oil rich nation the 2 most prominent or military commander khalifa haftar is libyan national army which has the backing of the united arab emirates saudi arabia egypt france and russia and the tripoli based government of national accord which is supported by the un qatar

italy and turkey officially libya is under an arms embargo but somehow weapons keep pouring in this monday turkey and italy announced that they are working together to stop the flow here's italy's foreign minister. if we stop the arrival of arms or we said earlier limit the entrance and we will be able to reduce aggressiveness of the 2 libyan sides in this conflict. the same day france accused its nato ally turkey of violating the weapons and bar go ahead you know i already had the opportunity to clearly say it to president obama's will do i consider today turkey plays in the dangerous teams and is in breach of all commitments to learn to berlin conference just a bit with alliance members going head to head in regard to libya the french president reiterated his statement from last year calling nato brain dead once again turkish military interference in libya has helped the government of national accord achieve recent gains on the ground making the situation even more complicated this past

week and egypt's president warned that if turkish backed progenies forces advance on the strategic city of sirte it could provoke a direct intervention by cairo the turkish. g.n.a.t. has called the announcement a declaration of war with tension high many nations including the u.s. and russia are calling for an immediate cease fire we stressed the need for an early cease fire in libya and agreed on urging libyan political forces to engage in constructive dialogue as soon as possible. if egypt was provoked to follow through on its threat it would bring the conflict to a new level the battleground that has already become an international arena could easily spread into a regional war for news with rick sanchez i'm alex my i love it thanks so much alex this is the news a great sanchez if you're watching our special coverage when we come back we're

looking at the state of the airline industry what's going on in the skies we'll have that for you stay right there. something you your sports.

an ocean of stories even the news. can overwhelm you. your way i know you want to let me bring you the bad. play. the questions. number. and lists as such and bring all in so just that. if dr. remains in question. i'm a journalist it's all i know being a truth teller people say i make a man come from good uses like a jackhammer to drill down i think find the truth news with rick sanchez because it's time to do news again and question more. i like it when the hosts ask

a question for the guests and then actually listens to the yes answer and then react to that answer a folks dentist bill or hear i've got a new show. welcome back well as airlines all over the world try and figure out if they're going to be able to survive germany's major airline the funds are is having trouble getting off the ground so each airline is trying to fight for survival in the its own way in its own country under its own terms but those terms as times a story is kind of unique reporting from berlin here is our tease peter all over. the love tons of bailout saga continues to roll along like a 747 passing right over your head no agreement so you fall on the job code package

that's been put. on the table for the german flag carrying airline thursday is the crunch date that's when shareholders will be voting on whether to accept the german state taking a 20 percent share of tonnes or in exchange for around 9000000000 euros to around $10000000000.00 of much needed cash for. talks on redundancy packages were ongoing with the pilots union and the union that represents cabin crew with the airline no agreement has been reached so far we understand those talks will continue right up until the vote takes place on thursday if there's no agreement before then what will happen though is if they agree to the job cut package then it could well be a step towards the german state taking a 20 percent share of love tons that not so fast are other bits of turbulence if you will in this deal reaching its final destination heinz till one

of. major shareholders 15.5 percent all of the corporation he says he's not entirely happy about the german state taking 2 seats dancers supervisory board that's part of the deal that's been put forward by the german government he was locked in talks on monday with the german finance minister the minister for the economy no solution has been found there what could happen then with regards to deal is that when it comes to the vote on thursday he could well either veto the whole thing which would mean that suspension the deal could be off he could abstain from the vote or he could well pursue legal action after the fact $22000.00 jobs remember are on the chopping block isn't the only scandal that's facing this deal either if you were cast your minds back earlier on i was talking about the union that represents cabin crew here in germany and their stake in.

these negotiations they had the u.f.o. they called well the head of that union sis is reportedly according to media here asking for 1000000 euros otherwise he's not going to support the bailout deal he says that this 1000000 is full of legal costs tangible losses it isn't going down well in the public especially with considering how many jobs as i said risk alternately though what we're seeing is the future of one of aviation's most recognizable brands turning into something of a soap opera. for news with rick sanchez it's a fascinating story to watch that coming together if you will of the governments of maryland's everybody's trying to figure out a way figure a way out of this we thought this would be a great opportunity for us to have a discussion about the state of the airline industry right now no better person to talk to than jamie finch he's a former director and t.s.b.

the national transportation safety board let's start with that could you you follow this every day i know you do because we communicate from time to time what is the state of the airline industry right now. well as a state where it is never been before and i don't like science i'm sure for sure after not a lot of those will be the worse 'd situations that the airlines have been and our experience and this is next much more severe. one of those. where 911 people are licensed i don't carry article because of the people still able to fly in and the ocean in a normal old world. health wise but now with. the other project precautions and other say you know she was there when super had to get her in the process of instituting he's going to be

a little easier on the road for a while yet you know i remember you and i were talking my god several months ago only stan and we were talking about how it seemed like that it out of planes like there are too many flights packed like sardines and that no whites are being delayed there are just too many people flying in and out of planes to fly and now it's the converse of that jamie. i don't know if they are ever going to need as many planes as they have right now am i wrong and you know i'm you know here's a right and i mean there's there's tons and tons of these planes just powered out and deserts in other places for storage what you're doing for a previous conversations are usually there is a shortage of planes because everyone showing more than some of the research maxed it would serve it's got a. service and it was grounded it has still records in this day and that was. change in the schedule now they've got all these plates and they don't have

all the passengers and so they had 2 parties playing 6 assets they're not cheap i mean this and suddenly you just go. and read it and not really think about it these things have to be maintained there are there they're not just sitting there. completely shut off that a garage. or something had to be maintained to x. be ready to go whatever they are making our story to go away that's a good sign for industry. this is only just as an airline industry but something about it was always going to be facing us in the next few years because people just are laser goby buying planes let me ask you a question about the consumer confidence of the passenger confidence i guess i should say a merge so our lines are saying look we're going to reserve the middle seat so we can create this tense from people i've heard other airlines say no no this is a bit of this we've got to sell every seat so we can make money otherwise we can't

pay for the gasoline you know where are you what are you hearing on the sky on this conversation that affects all of us. well there's no way. you know if you have security safety standards and you're true that you have to be at the same time this is this is not a charity this is a money making business and they're going to have now does that mean prices for the seats those seats that are your use i mean a. price for those place is going to go up significantly yeah that's the question would i or you be willing to pay a little extra for the security of having space in our seats or are we just going to have to live in a system where they need to make as much money as they can with every flight by filling them up like sardine cans you know it's an important conversation it's one that you and i are going to continue to have and i'm glad we have you to have that conversation with. thanks my friend now let's move on to the sports team chris tacos joining us now for an update on what's going on this is coming from the world

of tennis a bit of a shocker a little bit today this morning when the world number one the best tennis but not just any tennis player the number one we talk about a lot his name is novak djokovic world number one of the a.t.p. now he this morning announced that he has coronavirus he's. for kobe 19 and this came after he was holding an exhibition series tournament called algeria tour over there in belgrade in serbia and then croatia and him and now 3 other players have come down with it as well before he did. and viktor troicki that he was the order that he was the organizer i mean some people are saying that the health of these other players just kind of depended on him yes he was the one who put this together he was back in it he organized it he invited his friends there were big time players coming there you know dominant team alexander vera who tested negative so not everybody has got it but so far 4 players to coaches and one of the players' wives as we were talking about earlier viktor troicki is wife who is pregnant has

and so does his wife as well as guys i mean their young guys are going to be drawing breath and it's not that big a deal generally speaking at least of the trends are correct right but if you're a woman who's pregnant carrying a child and somebody gives you coded 19 there's a little controversy heavy risk if you don't know what it might do to the child but yeah they might they will probably they're young athletic and healthy but who's to say however how many people got it there because there was no social distance and that's that's where he's coming under criticism for djokovic has been heavily blamed for this because there were no safety protocols followed there no mass no distance seen fans were there he was surrounded by fans i mean was he it was i mean i've seen reports that are accusing him of that so i don't want to make the accusation but i'm hearing that there are accusation in the sports world that he may have been somewhat reckless in the way he did this he was a bit he did defend it though because he was saying it was philanthropic being big because it was for charity actually to help with victims affected by the pandemic surprisingly enough you know credit for the right so for that he does and but he didn't follow the safety protocols he didn't take it seriously but he was saying

the cases had died down in that area and serbia and croatia where they were but the rest of the tour has been cancelled he did however come out this afternoon to make a statement and apologize he basically said i am so deeply sorry our tournament has caused harm everything the organizers and i did the past month we did. pure heart and sincere intentions we believe the tournament met all health protocols and the health of our region seemed in good condition to finally unite people for philanthropic reasons we were wrong and it was too soon i can't express how sorry i am for this in every case of infection he went on to say that of course his prayers go out to everyone and they didn't cancel abruptly you know what at least he's coming forward doing the right thing and at least dealing with it despite the accusations while steve good stuff let us know if anything changes thank you thank you. the image that is being seen and talked about around the world and here it is once again that's a statue of andrew jackson a u.s. president known as much of anything for his cruelty to native americans last night protesters threatened him actually attempted to tear his iconic statue in front of

the white house until federal police were sent in to push them back in the end a small but vocal crowd dispersed however by then the video of these protesters again threatening the statue of former president near the white house seemed obvious to the entire world now i want to give you a little context here's a historic point about andrew jackson despite the fact that he was renowned for his skills as a war general courageous indeed he was also responsible when he became president for the trail of tears as it was called which was a forced removal of cherokee creek and summon all indians from their lands when gold was found there it was horrible it was mean it was nasty jackson was responsible for the deaths of thousands when he sent in federal troops to push them out even though the supreme court had ruled against it saying it was illegal to do so but he did it anyway. that's the history that's the situation i'm rick sanchez and that's our news stay safe stay connected stay with us here on out of the t.v.

or you can download the app and track the very latest and take it with you on your phone wherever you go and we'll see you again when it's once again time. for the news of. well here's the funny thing about debt in this economy in america is that when a person falls on debt credit calls or credit you know they are all money it costs and 0 or negative in the case of many people they get paid to borrow money has to be solid jamie dimon and j.p. morgan. who are disadvantaged are typically a minority person or particularly a black person is drawing credit 2025304050 percent 60 percent of payday

loan that's 2000 percent. secret prisons and usually what comes to mind when thinking about europe even the most prosperous can be deceived we've been. there were 2. were. located and the only. access to the story to investigators. dealings of the secret services but i mean. the great ignore. for. trying for justice.

this is. a business show you can't afford to miss in washington coming up. today. we can say. that all along national hibernation is beginning to come to an end longer. the streets will soon see more people headed out of the government has announced an ease in lockdown measures but this comes as the u.s. has seen a surge in some states and markets have rallied following shock comments on trade with china but will this rally sustain and later is seeing a major battle at the prospect of a bailout looms we bring you the latest from the ground in berlin today so let's dive in. and we leave the.