tv Keiser Report RT July 30, 2020 11:30am-12:31pm EDT
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u.s. secretary of state might someday oh yes on a mission he claims the world must change china are trying to change us oh should we interpret this the cold war to be waged against me this is also inclined force regime change china is certainly a major global competitor but he said no. i am max keiser this is the kaiser report well gold new all time high against the us dollar the last currency that it failed to make a new all time high against falling dollar has fallen. quick quick oh no the dollar has fallen well there is no help they say well you know what when
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life imitates art has made it to the front cover of the economist magazine what we see is the economist saying free money when government spending news no limits of course the bitcoin and gold community saw it 1st by coming up with that mean money printer go broke and of course they saw it the mean was powerful and that unleashed the crack and in big point it unleashed a crack in and solver it unleashed a crack in in gold but only if the crack a number of the you know the. rest. were just rubbish.
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what do you who who. yes it's free money and the economists quenching out that this could be something to be worried about 'd and it of course because why it's so worrying is that it's the psychology once the mind changes once the mind expects that this is the way things can be going forward that we don't need to work we don't need to go to labor and and spend 10 hours a day away from our family we could just say home and speculate via you know various online trading apps and so that mindset is setting in and can we ever step back from that can we step back from this global m.m.t. or is this the last days. of you know it can step back from you know ben bernanke
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you could he said as chairman of the federal reserve bank that he could reverse the quantitative easing in 15 minutes and nobody know the difference is just a temporary measure around greenspan thought it was later after he retired repudiated his entire career and mentioned that his thought about the economy were all completely wrong about we know that it can't possibly taper oppose it cannot possibly taper a ponzi scheme gold is going to $3005.00. 100. we told you here 1st and the most because we're the best of course it's the dollar it's all the fear out balling against gold gold is just a real thing that has had value for 5000 years and again another thing that we've pointed out is so much money printing so little velocity and you've seen the money printing just go this is it going but it wouldn't like it's always been pretty high but now it's gone exponential this is the sort of hyper inflationary moment i guess if you look at the chart the red line has shown that the money velocity is
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collapsing all those central bankers christine legarde you know jay powell all they can do is give money to the banks right to the member rests they actually vomit money either by vomiting money. well that's what they've been doing but into their friends breakfast bowl you know have if you've ever seen a doll do that that's what they'd like to do is vomit into the breakfast bowl and they give it to their friends and of course they'd have enough houses they have enough islands that they own and yachts and at this point in the game 50 years into this system they just can't buy anything else there's nothing of value anyway being produced anymore there's no good art there's no good anything to buy really except for i guess a spot on the lawn musts. you know spaceship to mars maybe that's worth something. well yeah the money velocity chart shows clearly that all the cash that has been
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printed has been hoarded by the bankers to keep their balance sheets solvent by filling up the tank even though the tank has a massive leak and that leak goes magically into the pockets of just a few of their friends in what we call financial apartheid and it continuing unabated at the moment but the goal of vigilantes and the sober vigilantes of a big vigilantes are now riding into town though the 3 horses of the apocalypse goltz over a bit coy is the new sheriff in town you know i actually as we're speaking about means and images and how just looking at a number or some data can really alter your mindset like that they could alter the feeling in the mood amongst the population and that's what fed speak is all about right this is that they're trying to give the animal spirits the markets so i want
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to look at gold dollar and u.s. fed funds rate going back to 1991 and this 1st one is gold and you see that's the peak back in 1980 then when paul volcker stepped in and rose raised interest rates to 20 percent and global investors were like ok the dollar is going to be as good as gold because when we went off the gold standard $71.00 you know there was a lot of volatility people were doubtful whether or not the dollar could survive and then in 2008 through 10 the other peak that happened and you know when i look at that chart and an obviously it's broke through in 1900 again as it's becoming volatile again on its way up but if you look at that point 198-2008 through 2010 those are the 2 great interventionist moments of the u.s. federal. into this u.s. dollar fiat's system paul volcker interest rates slam them up to defend the dollar
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then in $2800.00 to 2010 that ben bernanke and the fed slammed interest rates down to near 0 and these are the 2 moments the conflicts between like the global financial system gold dollar gold dollar gold dollar and at those points where you know they hit its peak and then it crashes because people seem to believe that the fed has been able to maintain this value of the dollar right i guess you know paul fall for by raising interest rates like he did to 20 percent or so around 1980 he really set the stage for this greenspan bernanke and janet yellen jay powell herea of dropping rates from 20 percent down to now it's just about at 0 and talk about it going negative so he did a really good job in 1980 restoring faith in the dollar but he also set the stage
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for a series of federal reserve chairman after he left to take his good work and to constantly extend and pretend so every crisis in america has been packaged as a bond and sold into the junk bond market with a longer maturity at a slightly lower coupon rate and they've been doing this now for 40 years to the point where america's indebtedness has been. engineer to the point of an extinction event as have many countries as has the globe so the globe right now is so deep and buried into debt that we are now entering into a hot war situation and that's usually what happens when you have a debt like this all over the world you go from currency war trade war hot war and the u.s. and china because of money. are now entering into a hot war and it's because of money all those jobs warning against china and hatred
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against china remember it's based on. money if you understand that. you understand we have course could not open up to china unless we had a global. reserve standard based on the dollar because we were never going to send them our gold so we could send them all the dollars we wanted and you could see that in this chart by the way so you know here's the gold chart again and it declined as bottom was in 200-2001 what happened in that in 2000 when december 11th 2001 well china became a member of the world trade organization and they got to as a developing nation so they get to impose huge share of us can't but that's a way to of course make the dollar supreme because you sent you have to send them your dollar you have to that's that's how that trade relationship works and you see that gold's figured out way long ago i mean we're all it's only been coming to
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a head today in 2020 but gold figured out immediately they saw this 20 years ago as soon as it happens here is the dollar you know from 1980 and then you know it's volatile but all the way down you see the clear trend is down and interest rates you know by the way that dollar chart is just against other so it's kind of like how they monitor the c.p.i. the consumer price index but they take out anything that anybody actually uses like housing and and food and and energy and education those sort of costs they take them out and then they put like trousers made in china and obviously your prices are going down so they don't actually compare it to gold gold is not in that chart of the u.s. dollar index so you're not you're not seeing a genuine index it's just against all their feet and finally on the charts i want to show you the fed funds rate amounts where we talk about 20 percent. and since the all time high under of paul volcker and then since he did that is suspend
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all the way down but again the mindset of these are the boomers have lived in an ever declining rate of interest rate the fed funds rate so they're always able to roll over the debt the american empire could be built on overseas being able to roll over your debt so we're at that point and it's no coincidence that all the conflict and globalization and the dollars of the nation a starting to happen right coming off a 20 percent interest rate in 1980 of course then those the birth of financial derivatives so that allowed for the expansion almost into the expansion of debt without any need of accounting because they put all of those bad debts off balance sheet and they quote unquote head them with derivatives that would occasionally blow up but then they would get a bailout and that's been the cycle we've ever been you know speaking about gold trading at $250.00 an ounce of the low at that time i remember public intellectual francis fukuyama wrote of influential the essay called the end of history right that's how crazy fables brains were that you know gold would never have value
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anymore everything was dollar based and that was a bad call again so the fed funds rate has been declining all this time and what has also and the derivatives the explosion of derivatives again under clinton the same right before exact same time is trying to answer the debt b.t.o. we ship all our jobs overseas exact same time to get rid of glass steagall and introduce the commodity futures modernization act in 2000 that allows us to print so much money and send it all overseas that which reduces inflation at home but also hide it into this pile of of quadrillions and quadrillions of derivatives floating on top of this little tiny a khana me and you see that in this final chart here i want to show you the s. and p. 500 this is somebody who responded to jimi hendrix i don't know if it's really jimi and. now i don't saying because the copyright cartel will get you but here you see that number of shares out stand. in the s. and p. 500 and you see as being taken private that's part of the hoarding that you see the
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back to the kaiser report imax keyser time out of turn to jack mahler c e o of zap he's been building some amazing tools for the big space jack welcome back to knox how you doing by thanks for having me always a pleasure it seems like things are happening out there in chicago now last we spoke to you about a year ago in new york city remind the audience what the lightning network is and how your company fits within that ecosystem yeah so whitening is a protocol on topic y. and it's really interesting because for the 1st time we can move because when instantly and or essentially sri anywhere in the world and so previously i was not
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possible it adds a lot of utility to the asset it was previously impossible and we just capture that utility and offer it to consumers we want consumers all over the world to be able to benefit from decline not only as an asset class but the utility of value transparent settlement so we use because it has a subtle marial with lightning which is pretty exciting and now right you've got a new product called strike it it's big news and the big calling press i'm reading about it every day tell us what it is and what problem it solves so this idea that we use bitcoin as a settlement real now so if i can transfer value anywhere in the world for free and instantly that's a pretty big deal out of plies to redmond says commerce brick and mortar micro payments and so we simply allow users to connect a typical payment method like a bank town or debit card and interact with this payment rail they don't have to deal with taxes volatility they don't have to custody asset majority of our users don't even know that they're interacting with behind the scenes were using their
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client to more efficiently transfer unsubtle value which is a huge huge deal we can do pretty much any financial activity for a consumer cheaper faster and easier so i'm excited everyone seems. sighted and it's the beginning all right so according to corning desk quote strike gives its user a unique public web site where people can send bitcoin just by scanning a q.r. code so you that's basically what you've just been describing there a lot of people have been complaining over the years that the you x. or user interface for big calling is no good but you know this seems like the 1st step toward actually creating a much more user friendly experience of decline right jack. yeah i think the question that we pose is if consumers are looking for utility with yes i do they actually need to touch a number stand in a lot of the technological details on the only reason in my opinion you should never hold because if you're speculating on it and you're using as
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a store of value are looking for censorship resistant financial activity but for a settlement rail people don't have to touch it we can deliver a consumer experience just like cash after that mark if. ocular centex banks out today and just used a coin behind the scenes to gain really unlimited amount of stations right so a lot of people have been in pick land for a while we remember back in 2017 they have the block size wars we had some hard forks we have got all these all coins and they all claim to be making big point easier to you so they got more transactions and all married have things and features but it seems like they claim big quien pretty much does it all just a matter of being patient and letting developers develop well rise to the top and here's a good example of it right so this this product essentially obviates all those claims made by a competing coyness to have features that obsolescence bitcoin that's kind of
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a long question but what do you think i agree i think they all coins generally have been what i like to describe as an arbitrage on the trend is you see a lot of people coming into this space looking to invest capital looking to take advantage of what seems to be an opportunity but lack knowledge and so you have people arbitrage not spread of selling someone who's really interested would join our team coiner orange point but time typically cures all and at the end of the day this is a software project and building software sound software production level software just takes time and so i think that arbitrage opportunity continues to shrink it was easier to sell an all coin 10 years ago than it is today and that genre continue to go on so i have no fears when it comes. the big quints quote unquote competition on believe it has any competition frankly and it's just the way it's us drown out yeti it's chance their value from those who don't deserve it so those that do honestly but i fair enough now you know it seems like what you're saying
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here is kind of the opposite of what some in the technology industry say this idea of bill things fast and break things are fill things and break things right so this idea where it's ok to break stuff because you're going really fast and you're you're innovating but in the case of bitcoin because people use it as a store of value and money actually is the opposite right you want to go slowly because there's a hundreds of billions of dollars at stake in the protocol and so i think that's what a lot of people the tech space don't get and certainly a lot of people a bit quiet space who are working on the core laughed because it just wasn't happening fast enough and i got bored with it but. here we are now with it having all kinds of major banks and companies get involved like visa so tell us about your company's relationship with visa how does that help the owner a consumer or retail outlet of course what's the significance of multinational regulated anthy like visa getting involved with bitcoin what's going on there jack
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yes and i have a really close relationship with these are which is a story within itself in my opinion there a future company really well ran and based on his skin their knowledge because they know about as much as any x. i've been really impressed with and our relationship as a business is we're coming out with a piece of back hard so the idea is to further off. when the users interacting with bitcoin bringing a mentioning experience to consumers with the acquiring you can swipe a v.c. card and pay a lightning invoice pay a normal decline transaction and use dollars back by you strike you counting the consumer will be so far divided from where the decline is actually helping. i'm behind the scenes and just really trying to drive a mention consumer experience and partnership with where because it is helping mainstream users all in the world really right now you've got a family background in derivatives your grandfather helped found the chicago board
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options exchange or c bio your father founded one of the largest discount futures brokerages what are your feelings about the bitcoin derivative market is that maturing you know we spoke a while ago about a product you are thinking about which i believe are hash trade futures contracts which you know i love the idea of this i mean it just sounds so chicago you know chicago is really the epicenter of the rabbit as a futures trading in america and for and probably the world and you are you a 3rd generation in this in this market is is what's happening with bitcoin derivatives and futures as a futures contract give me the inside scoop from from chicago what's going on and i think that they've been really successful i think the c.m.e. really kicked off with their castle a private product in the winter of 2017 and since then it going to gaining a lot of headway gold's price action recently is
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a really big deal and i think more and more streams and monitors are keeping a close pulse on pick who aren't in the drilled space particularly i know the c m e auctions product is one that everyone had an eye on and has been really excited about their futures product is continuing to grow really smashing all expectations and i think a lot of the offering derivatives like a hash rate future are really exciting i know that i've worked with firms such as since he answered ality on such a product i mean it's gaining a lot of traction it's a problem that we have to solve and i think it just comes with the maturity of the space but the institutional demand for not only decline but a lot of more advanced derivative products is. really know joe i think like paul tudor jones for example earlier this year i think he uses this jimmy products these products have been largely successful and are sharing in a new class of investors to this asset class which is really their job right now
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congratulations on closing a funding round you've got a major bracket v.c. from the west coast involved you've got our friends over at the pomp and his folks mark you sco at morgan creek that all morgan creek they're involved and so i think it was a $3000000.00 raise so you are right now in the hot seat of a startup you're a startup c.e.o. this is one of the hardest jobs in the world it's also one of the most satisfying jobs in the world you wrote a brilliant letter kind of outlying your passion in the project that circulated and so wow how what you want your feelings like right now because you're embarking now on this incredible journey of us of the startup in a hot space how how do you how do you prepare for that i mean i know from experience that that takes a lot of stamina it takes a lot of a lot of life goes into it how are you jack mahler's kind of prepping for that and doing it. it is
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a lot sometimes going to be quite honest with you max i haven't changed i think the projects we've been working on have gotten more successful we've got some really interesting strategic partners to back us and to really grow this thing globally but in my heart of hearts fundamentally having change i've always been loud mouth on twitter yelling at big blockers really strong opinions very passionate your hard working guy and so i sleep well at night knowing that i live a dream this is nothing i'd rather do if i were in my life again i would hope to be where i am right now and that i haven't changed and i continue to really just bite your dick when you do what i think is best for this assa class and i do that because i think this asset class is what's best for the world so a lot of other stuff a lot of mouse. on twitter now it's in showing some hey the money hasn't really changed me at all and i'm still still the cannon is there and how can so i find solace. yeah sure i bet but i don't believe you know jack i know that
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it's it's time to. think it's new things i mean it's exciting it's acted out it's exciting and i think they said you get extra love you get extra trolling right so there's why you know that everything is all a split like this you know it's like people come out of the woodwork and so many different ways and. so what do you i guess what i'm asking is what do you focus on a daily basis to keep the ship going in the right direction what's the discipline i realize kind of an esoteric question but you know you've got to get up and you've got you've got shareholders you've got customers you're a busy guy what do you focus on to keep you going in the right direction. i think it's something i preach to my team actually is that it's one thing to come up with an idea it's a nice thing to have done and then it's a 3rd to execute in the midst of noise and stay focused and that's when you know
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a good project becomes a good company in my opinion so yeah i think we really just hang our hat on our beliefs as a group i mean we have very strong beliefs and what it is what it represents and how it's going to change the world over the next decade and 100 years and so we stay focused on that and i mean i think you have to the 1st step to winning is understanding that you could lose and coming to terms with you know risks that you take could fail and so as a group we know that we hang our hat on what we believe and just trying to keep things very simple and focused not trying to change the world just one line of code at a time the next item on the to do us lot and knock them down and yeah we're very strong sure. believes with this group and outside opinions don't really have substance too much right one line according to time excellent already jack mahler's thanks for being on the kaiser report you shared. all right well that's going to do it for
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this episode of the kaiser report with me max kaiser and stays there but i want to thank our guest jack mahler c.e.o. of the zap joining in touch with us tweet us a kaiser report and so next time. join me every thursday on the alex i'm unsure when i'll be speaking to a guest of the world the politics sports business i'm show business i'll see you then. seemed wrong lol just don't call. me if you get to see. and in again. the trail. when so many find themselves worlds
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apart we choose to look for common ground. danny and by north it's so many people because a cop beat him he's so bored that even such a bad cop is sending. i'm not guilty anybody. i'm here to find the next guy. who looked up live on canyoning being done the influence of the good luck she went on plenty of. the deflection move for the c.e.o. thing is the deflection board is comfortable saying. that is a god given that i got off the mini answer.
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that he is innocent and you're going to going to hear a lot about the. fact that you can't buy a gun you probably get nothing like a. long long while and then he goes along the bottom there's a bonus which alone can choke a lot old. man to a new person and lead to any $100.00 gandhi a new normal gun to run the place. keep your view then don't mock you then they will join you. u.s. secretary of state might some day oh yes on a mission he claims the world must change china are trying to change us so should we interpret this the cold war to be waged against meeting business also implying force regime change china is certainly a major global competitor but is it now more and.
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welcome to our viewers from around the world live from central london this is not to u.k. . england's covered 19th excess of death rate is revealed to be the worst in europe as doctors warned that u.k. isn't prepared for a 2nd wave i'll be talking to a health expert. the government faces pressure to introduce covert testing in u.k. and pulls off to its pulling teeth in spain faces a backlash from its own policy that says experts one of the dark consequences for the travel industry. is good after the cases i would suspect this time next year. kerry is going out to also believe in the light so. we've never needed some chops
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aboard says. donald trump calls for delay to the next us presidential election shuttle for november claiming the postal vote would lead to full and. so insistent received millions in british government funding to look into why people from ethnic minority backgrounds appeared to have been disproportionately affected by the coronavirus pandemic we hear from one of those involved in the studies. also the british politicians the food security minister office of the shortages and panic buying seen during the pandemic. england has experienced the highest number of excess deaths during the corona virus pandemic across the whole of europe nasa scientists reveal the transmission is rising and the concerns the government has still not done enough to prevent
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a 2nd wave or you can shut it was dusty has all the latest search area we are officially the worst absolutely and the latest figures well read a.p. giving a shock to the system for most people that have been kind of getting wrong with normality at the. it's of normality but the latest figures from the office for national statistics shows that england is now the worst affected for excess deaths the data shows that england has the longest continuous period of excess mortality in the 1st half of 20 twentieth's least as well as also having the 2nd highest peak compared to its european counterparts that's as a group of scientists from cambridge university have said that the reproductive rate is rising and in some parts of the country it is now above one of course scientists have long been saying that anything above one could lead to another spike now the prime minister boris johnson has been commenting on all of this striking a pretty cautious tone and warning that the virus is still very much out there.
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we're looking at a resurgence of the virus in some other european countries you can see what's been happening in the united states and so it is absolutely vital as a country that we continue to keep our focus and discipline and that we don't delude ourselves that somehow we're out of the woods or that this is all over because it isn't all over of course the government has long been accused of being too slow to react in its approach particularly when it comes to the virus being reimported also on haphazard approaches to social distancing and of course mixed messages when it comes to wearing masks and now the british medical association is warning of a 2nd wave but we have at the moment it is not very it might yet we're not doing everything we should in china in trying to contain the virus or if i look even something as simple as a man. saying. that social distancing is still 2 meters or want me to pluck
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it out and i don't think anyone in the any member of the public understands what meet up just means what just mean. well with all that being said the government is now changing its approach to isolation putting on the brakes in time for this 2nd wave that is expected later on as we head towards the winter period of course it was at $77.00 days it's now been extended to 10 days because they've now believe that the virus is contagious for longer than previously expected as i say it's all in time for winter well all of that comes as academics claim that there were $21000.00 fatal it is due to lock down measures that include significant unintended consequences such as a lack of access to critical health care and a collapse in any attendances that's around 2700 people every single week so it's not really looking too good i mean look at all of this data as experts have
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predicted the virus seems to be coming back wave after wave now of course boris johnson said normality by christmas but it certainly doesn't feel like it will be this year. thank you very much indeed for that no i'm joined by dr churned thank you very much indeed for being with us know we are hearing the b.m.a. is warning that the government is still doing enough can you hear me looks if we don't have killers there at the moment so we will see if we can get back to in just a moment can you hear me please i could hear you are lovely thank you very much for being with us now we're hearing that the b.m.a. the british medical association is warning that the government still not doing enough or what do you make of that. our kink it's very obvious that what we see our record of past is absolutely different 65000 people have died more
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than 540 have died and we as a matter of fact i was one of the signatories which the quested prime minister the bug we don't want any blame game we want for you to make a review to see how prepared we are so that we don't have so many unnecessary deaths which happened in the past where as a matter fact i lost only thing that we have not even finished but there is continuation of the 2nd we have war those but it will come a new pretty come so the question is that we've got to leave review and see how prepared we are so that not understood that and nor why help what more can the government tony there's been plenty of messaging there been rules on mosques and social distancing so why is that not working and in effect can the government do any more about this shit again as i'm saying very simple thing is to view it what we knew born as a health worker is the preparedness repentance of b.p.
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that is not production equipment and our dear mr ray i think was done last month and it sure 48 percent of full health workers and the buying don't want b.p. so in a way we want to make sure that we have adequate e.p. and not just remember one more. in the coming winter we will have a double whammy of this virus that will be one of flu and the other will become one of our solar hot lawn will perhaps in my view double and you lot are told you lost the past well what happened was the backlog what does it mean this is the normal routine and i just was put on back burner and now we have that backlog in research and prednisone does us. but there are more than 1000000 people getting on the waiting list so we have not looked into it in 2nd place we don't have that backlog but will 2nd phase be as bad as the 1st one we're seeing efforts with local
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lockdowns for example at the moment what we know not to be honest you see bissell virus is a very very mysterious wireless quite a few countries who you we know it's happening of course you know what's that going in so i'm going to get in. so look quite a new computer seeing it a 2nd you want a lot of 2nd you're seeing it so we want that this 2nd if and when it comes we're fully prepared to cope and deal with it so that we have much of what is what about the support for your colleagues in effect the governors agreed to pay just $21.00 families the $60000.00 pounds lump sum promised to all those who lost a relative on the coronavirus from line but what do you make of that effort and this is again one of the disappoint but you see very sore bump and sure. this saw an insurance for the families and the truth is that this was not merely
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a we are too many of them and if this is an application of our own to stand isn't anything at all to appear to 60 and 540 health what could have died so i think it's government's duty to make all the people of iraq this king and the king which is perhaps his more worrying and that is this is it i'm a limited kind of a scheme and i want bush and with no time limit when you have bremer when people die if you're not what it is concerned about what exactly is these compensations on that particular time so i think government should definitely extent any working times or waiting lists and the bureaucratic process that should be on faster so that people who have already suffered 60000 pounds peanuts to be honest and this is not going to compensate it. also lost their lives but at least it will be some help please do it in the right wing in the right spirit dr keller's chand thank you for
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being with us live here on r.t. today. former head of health analysis of the office for national statistics jamie jenkins joined me earlier he said that the lack of testing in the u.k. in march and april meant that many deaths were recorded as something else. the actual largest speak was actually in spain bert van to kind of stringent lockdown measures which meant was that a very high a peak that peak then came down and then england was the peak was not as large it kind of was more prolonged so when you look over the whole period it and he has come up with the 'd worst 'd in europe what do you make of that figure any question over the collation all of that data do we just accept the fact that excess deaths are sad tragic simple facts so one of the benefits of excess deaths is what you really do it is just looking at what would be the normal number of deaths you would expect in each country at any particular time and then you just looking at are the number of deaths over and above the average for the time of year and say in
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a minute come out on top there but what the date and i support together doesn't actually show though there are some real massive difference is when you look at some really granular day and i know people total props local lockdowns but within space that the peak was about $1.00 times higher than normal the number of deaths at the start of april but then even within spain if you look within madrid it was like 4 times higher and then if you look across the whole of europe and i've been looking probably remember that what we were seeing into the back in that in march in the region a big know at that in the middle of march we actually saw deaths that were 8 times higher so so once you look at all these national pictures to compare an england wales scotland and the rest of europe 'd for example there are some real stark numbers when you start looking at a really local level one you know what why is that happening seems that the effects of lockdown all rumors as bad as the virus itself. well we've seen some numbers released today estimate in the number of people who've died because of lockdown i think i'd treat that with a bit of caution in particular they've taken the onus numbers and they've looked at deaths over an above average that weren't actually recorded as covert 19 but what
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we do know is there was a lack of testing in the k. between march and may and there were the many people who died in the k. who perhaps didn't have covert tested for so there was a reluctance to pull out one of the death certificate. the government is under pressure to introduce covert 19 testing at british airports as part of efforts to cut down the 2 we quarantine required for many travelers opposition leaders to kiss thomas said the countries testing capacity should be fully utilized. that's the capacity to test the government needs to use that to test on arrival and then after a short interval because if that period of 14 days can be brought down to 89 or 10 that also is a huge benefit in the. but the prime minister is also facing pressure from within his own party to introduce such tests among them form a bright 6 secretary secretary david davis they argue testing at airports would save what remains of the summer holiday season give a boost to the struggling travel and tourism sector industry expert dr new robinson
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says for airport testing to be viable airports need government funding. i think it was a little harsh but once again it saves lives it should be loadable you know hindsight so wonderful things and sadly would know how to see the 19 template before so we don't know how these things much out yeah i think it was a cautious but i think it's good to be cautious and i suspect it will be similar methods implemented so i think we do have the testing abilities but we do have the capability the problem is well you know the government wants it so actually hop that it will cost but i think if you throw in the finances and phones are c.v. $19.00 prevention strategy it would be doable but i think we need to ensure that if the government's going to implement this they cost and they finance on the phone the airports accordingly because it will not be cheap industry leaders and like in the government's quarantine on those coming from spain is using a sledgehammer to crack
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a not one apple bosses and want it could ruin britain's reputation as an outward facing global nation dr robinson says the turmoil could have dark consequences for big companies over the next year. good afternoon. i would suspect this time next year there will be multi national carriers going out of simply in the light so. we've never needed some charts it was just america to take huge. financial costs associated with we don't have a time flight to see the nazi it's never happened before yes without the likes of cells but it didn't really impact on the but i do think for the future we need to ensure we have that's a clumsy place and the funding for businesses is 8 we must remember a financial point to connect the so it's. also so the government needs to front finance according still to come. u.s. president donald trump just delaying the next presidential election claiming that
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services received millions in government funding to look into why people from ethnic minority backgrounds appear to have been disproportionately affected by coronavirus early joins me live now so what do we know about the impact on ethnic communities what we've been seeing throughout the course of this pandemic has been the number of per cases where people from black and minority ethnic background have been found to have been more likely to both catch and die from coded 19 and the latest studies showing that people from minority backgrounds are twice as likely to die as their white counterparts now the government have put aside 4300000 pounds in funding for scientists to try to try to get to the bottom of this mystery and that will go to 6 different studies for doctors to try to look into it and it will
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look into a number of different factors what are those factors what it would look into things like occupations what jobs people do for example people working front line roles it will also have a look at trying to see whether deprived living circumstances makes a difference to whether somebody is more likely to catch coded or not and also of course underlying health conditions like cancers and so on we have already seen as i mentioned a number of studies to this and also the latest one coming from the royal oldham hospital now this study was carried out in oldham it looks at 470 patients coming in from the greater manchester area south asian patients were found to be 31 years younger than their white british counterparts black patients 20 years younger and 2 thirds of all of those 470 people regardless of their. ethnicity come from the most
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deprived areas in greater manchester suggesting that ethnicity or deprivation in and of itself may not affect the risk of dying from code 19 but it could more be the case that it's the factors around poverty. overcrowded housing or some of the jobs people do such as perhaps driving cabs where they are in contact with other people or working in a supermarket or even working in n.h.s. and carol roles we could see the more likely to come face to face with the virus as opposed to be anything innate or genetic within people from a minority background but again all of these will be questions that those scientists will be looking at and will be welcoming that money come forward from the government. thank you for all of that when i spoke to an expert involved in 3
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of the upcoming studies into the impact on the brain community about whether the key factors can be separated out. number of things that we already know such. thing more more at the minority groups people with so to call it is easy these are people who are. all certain jobs such as he work at jobs and it's. all these studies collectively will give us these more information in terms of. we don't know everything is you know it will also give us information or we negate all the messaging that we need to. do in the right. form of this or. that all this money being thrown at research. will actually produce the answers because that seems to be so many factors at play. i mean all over all u.k. r i n n h r have funded about 4000000 pounds worth in the grand scheme of things it may not
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be a lot but compared to such as compared to the run of michael cross where we have been 5200000000 pounds of the drug trials for example but this will still give us a lot of information there's lot of unknowns why do certain that the minority groups get beaten and some don't want which and it just starts by likely to get cold we've been affected in some very key in terms of hospitalization or tele i mean all of that is still unknown and this program of work from the various that will give us quite a lot of information and also get us into the racial that once we have the findings to say how is it best to get the culture reversal of a pulse messaging to these population in the right form or so that they take up all the advice that's been given do you have any sense at this stage which fact is the most important whether it's poverty jobs health conditions. so that they
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couldn't think what. one is that the. factors that have come to be to the most for people who get 4 point we know that the most important people have 2 times the risk of dying from college and we also will. look at the own population are more likely to be deprived so that's definitely a factor within the. us president donald trump a suggested delaying november's presidential election auntie's kind of more pain reports from new york. well donald trump and you supporters have long been raising concerns about mail in voting but the tweet that we have just seen from the president of united states is certainly startling many people on the tweet reads with universal mail in voting 2020 will be the most inaccurate in all capital letters and fraudulent in all capital letters election in history it will be
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a great embarrassment to the usa but people are most concerned about the final sentence of the tweet which reads delay the election until people can properly securely and safely vote followed by 3 question marks that has got many people raising their eyebrows now donald trump has in the past pointed to the fact that a mail in ballots in new jersey were discarded that thousands of them were thrown into the garbage and raised concerns about do the fact that there is the pandemic going on across the united states many people intend to load in the november election over the mail and many have feared that this could result in the throwing away and absentee voting and the lack of voting on the part of thousands of people their votes could be discarded in the mail and this could lead to election fraud now what's interesting is the democratic party has also raised their concerns not about mail in voting but about voter suppression in states like georgia and elsewhere they worry that there could be an attempt to prevent prevent voter
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turnout and in favor of the republicans so we have both sides the democrats and the republicans expressing concerns about the legitimacy of the upcoming election now what is interesting though is that final section of donald trump's week where he is raising the possibility of delaying the elections raises all kinds of constitutional concerns because there is no you know mechanism for the president to delay the elections there's no mechanism for congress to delay the elections how exactly the elections would be. lade if anyone the president or congress felt that was necessary is really unclear at this point the elections are scheduled for november and there doesn't seem to be a mechanism for delaying or changing the election date so many people are quite concerned about the implications of the tweet some supporters of donald trump are pointing out that it does and with question marks it's not announcing a delay of the elections it simply floating the idea but many people are concerned
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as there are rising tensions and both democrats and republicans are expressing fear about how legitimate the election outcome will be democrats are raising concerns about voter suppression republicans are raising concerns about voter fraud due to mail and voting many people are quite unsure about how fair the elections will be in this november and there is already quite a bit of unrest in the united states in recent months so a lot of a lot of alarm in response to donald trump's recent tweets. british politicians are calling for the government to point to minutes to food security off of the cove in 1000 pandemic led to shortages and panic buying environment food and rural affairs select committee says 6600000 people face food insecurity including 1700000 children and once a 2nd wave in a disorderly breaks it will only add to that number one he has more than under his looks and to how it's taken a pandemic for us to wake up to the real risks facing the food supply chain price
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surges in crashes all commonplace on the stock markets while panic buying is usually restricted to black friday all the january sales but the cave in 1000 pandemic has produced something similar for far more staple staples. changes in consumer habits largely thanks to the lock down but shop swings in demand pasta bread dairy as well as king gradients like eggs flour and sugar was stripped from the supermarket shelves as families stockpiled unsure of what lockdown really meant for their weekly shop and the way people acted it was rather foolish and it created a lot of waste people what i mean by and you know we saw all the stains of people here in our side of supermarkets leaving with bags of loo roll and they were by 34 times what they needed or what they thought they needed at the time that. drives good you know fears that they were going to run out of bread arms and so on
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turns of this would have been thrown away especially as you know they way to doing it you know i think they obviously great i guess in. the sudan exception but you know getting the flour in the past. the ashtray where they were going to was much baking as well they thought they were and they went to xpect cake baking as they thought they would. but they were also issues with excess supply and for those dealing in perishable goods the situation quite literally stank. we got into such a desperate position that the cheese we had over $50000.00 pounds of cheese we were going to throw away so it was far better to try and discount it to get some of the money back cheese became an unexpected volatile commodity families in lockdown basic cheddar for instance experience high demand leading to shortages but with restaurants and hotels closed and now only beginning to get back to normal supplies
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of high end artisan products found themselves with tons going moldy the u.k. wasn't alone prices of dairy and wheat wildly on the global markets too and combined with other lock downs the country was at the mercy of the rest of the world when italy went down so to speak lumber the. piermont a. you couldn't get to be the chief. out of its region it all stopped suddenly so we had it we had a hiatus for about 3 weeks where we had to rethink what we were getting from which region that could come into our depo. and it was very worrying even now as the u.k. reopens there are still worries that a future return to lock down could devastate producers again unless businesses are prepared if we start to see things creeping up
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a least we know what happened the 1st time around so we can potentially you know reduce our of the what we make which would at least be some you know if we don't make cheezy it's not going to be as big a loss if we make it not sell it but having said that i think we as a nation are now obviously a lot more wary of what's going on we weren't at the beginning the cave in 1000 pandemic has certainly highlighted the fragility of those supply chains for luxuries and even the city's many take for granted and with the 2nd wave predicted as well as disruption at the end of the year even with an e.u. trade deal it also means consumers might have to get used to not having everything on a plate bottom andrews are to u.k. suffolk. finally staying with food shortages the government's been accused of being detached from reality for not including cheaper supermarket chains and the free school meal
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voucher scheme marks and spencer and waitrose were included in the program but the likes of little initially excluded that meant vouchers bought significantly less in those premium stores which probably can pay to say our century irrelevant to those on a budget and that's it for the moments more news for you in half an hour from the. u.s. secretary of state mike is on a mission claims the world must change china china will change just how should we interpret this the cold war to be. business also implied force regime change china is certainly a major global competitor but is it now.
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