shanita, sasha, i believe that the media blackmore platforms are collect too much data and we, we, we have seen many times the abuse of such data. many we see more of for talking about at r. c dot com our main site. but for now, that soft international is, will these at 10 reporting for you? it's been kevin over here. thanks for keeping company very good evening. ah . join me every thursday on the alex simon show. and i'll be speaking to guess in the world, the politic sport business. i'm show business. i'll see you then me . ah, i

ah, i'm absent, it's actually watching a brand new season. oh, going underground, coming up in the show, victims of thatcher, i think, in omics over 160 people are dead in oil rich cars. exxon following protests sparked by a doubling in fuel prices. but what is this got to do with the united states and its western allies? we speak to a senior economist from the reagan administration, who is later appointed as chief adviser to the former catholic president. no, sir. hon. no sir. bye. have. and as jo biden's may be a war advocate talk, diplomat, antony blinking, threatens russia with all but nuclear war seemingly over ukraine. in a week of critical talks, we ask for me, u. s. government military strategist, edward looked back with it. we are entering a new dark age, all the same,

all coming up in today's going underground or fast, whilst here in london bars, johnson faces allegations of breaches of corona virus regulations. the future of a new global architecture is arguably being built in resource supervisor kazakhstan in the middle of central asia before accusations of a so called nato color. evolution surfaced protested on the streets of kazakstan, demonstrated against inflation. something president chi have has blamed for the unrest that may have killed upwards of 160. joining me is one of the world experts on inflation form a u. s. government senior economist professor steve hanky of john hopkins university in maryland. thank you so much impress aggie for coming on. i want to get to inflationary pressures in a moment. i mean, we've had previous military policy committee. people on this show who? well, we've, we've express skepticism about the politicization of interest rates, but i want to go straight to chasm, and your adventures in kazakhstan, tell me about being chief advisor will be it for sure. while at to mr. neza by have

in catholics the oh it was an interesting episode. i went down, i was actually a state counselor in lithuania, where i'd install a currency board in 994. and it had smashed inflation stabilized everything as i had done in 1992. and sonia and mazur via paid a visit to the ball dixon and inquired as to who did, who had designed these currency boards stabilize things. and now it smash inflation and so forth. and yours truly was invited to accompany the prime minister of lithuania at the time, and $994.00. to go down and visit as or by often. and we had a good visit. he appointed me as his advisor on a friday afternoon and wanted a currency board installed over the weekend. well, i,

i, i resisted because i had not had time to do really any kind of due diligence. and the whole thing never happened to make a long story short. and if it would have happened by the way, that the tang would be completely stable if it would be a con of the us dollar. and we wouldn't have any inflation or much inflation and cash extend as it turns out, i think the inflation story was kind of a ruse in this recent upheaval because inflation is only running up by 8 percent in kaz extent, which, which is, you know, bad mouth but it's not, it's not a really high a spike in gas prices. what do do i understand that he was born hillson,

who destroyed your due diligence attempt behind the scenes is i would you think happened? well, it was clear that there were forces in the scene that did not want to see. i will tell us everything. russians, and i think by now it's, it's quite a while ago. it was, it was a long time ago. and my, my conjecture was that there were in the administration, if not running the administration and the due diligence never happen by the way, simply because the documents that i would require to do such a thing or never forthcoming, even though i was as are biased chief economic adviser for sure while. yeah, but i have no new chief advisor. you obviously didn't know about how much money was coming over here in london. i think quite a bit of cost money is repeatedly stored here in london. well,

that was some time ago. i think a lot of that wanted money started flying many, many, many months if not years after i was visiting in 1994. well let's, let's come here and that does get those get the one point number one. well, let's just get to this inflation thing and guess expand right now the, the, the, the, the inflation is 8 percent to get the inflation down to the inflation target to the central bank at kaz ix down, which is 4 to 6 percent. they would, they would have to cut their growth rate and the money supply measured by him $2.00 and a half because now that growth rates about 23 percent and to get a gold and what i call a golden growth rate. if i was running things and wanted to get an inflation target of 4 to 6 percent in cash expand,

i would be trying to control at money supply and getting it down the growing about 10 percent maybe as high as 12. okay. i mean, that is some other economists so obviously different say you just subsidize the gas prices more, but i want to get to your sample. well, i know that, well, i guess price was wrong. the money like enjoy sleep. yeah, they get the gas price isn't inflation, that's a relative price change of one commodity, not, not an overall index of everything. inflation is, is a big basket of goods. everything on the economy, not just one bank. and since you bring this up, i was going to ask about currency boards. you, since you are an expert and inflation, there has been a certain degree of a richer kind of reflexive thinking about this. why, why it housing costs so improperly represented in u. s. c. p, i figures by the united states. well,

this is an old story. they've been revising the way that they actually accommodate this in the price index for a number of years. and it does have a great may imperfections associated with it. it actually lags what's really going on in the market. it doesn't reflect what's going on a very well on the market. that's and so long technical thing. and i mean, a professor, it is known since, isn't it really? i mean, the oil in britain has at least trying to create a new c, b i h index, which no one cares about even when they're working out new public sector pay. but that's for trade unions in the united states. i mean, the inflation figure in the united states, given that most americans, a huge amount of their income is spent on rent or housing cost. it's just not the c p a is a figure for wall street. well,

they're all right. it might be a figure for wall street. the only figure to be watching in the united states is the growth rate money supply that, that is the key. milton friedman thought us this a long time ago. and that is, if you want to keep stable prices, you cannot produce excess money and cents. a coven crisis, started in march of 2020. the broad major money in the united states has gone at 38.6 percent. and of that, of course, some of it is used to accommodate real growth on the economy and some accommodates the increased demand for money in the economy. but you're still left with a residual of about 75 percent. that is not used to accommodate real growth. and accommodate the demand for money. what, what happens with that?

and you have inflation. and, you know, having said that, you mean clear that the cans act and stimulus biden's stimulus stuff is not something that feeds into the inflation by creating money supply. i didn't do far down that actually i want to get that. you mentioned milton friedman. and in those days, i mean reputedly, obviously the cia killed the salvador i and is the accusation. these days economic sanctions are used while you have you been saying that the position of economic sanctions by the united states is bringing blocks closer and closer together? well, let's talk about sanctions for a minute. i. i am opposed to sanctions for 2 reasons. one is a matter of principle that is i, i'm, i'm a milton friedman, free trade, free market, classical, liberal kind of economists. so as a matter principle,

i'm opposed to them. how in the world can you oppose an agreement between a buyer and seller to willing parties and put sanctions on them. a great, so says the state department and president bridle. well that, that, that's for that. so they're going against the free trade principal. so i'm opposed to that. the 2nd thing is a practical aspect, and that is the history of sanctions going all the way back to napoleon st continental system. they don't work. they don't work to achieve their state and of jack if usually if you go to war with somebody in effect by putting sanctions on, you are causing that person or political party or politician whatever to stay in the saddle because they'll try to protect themselves. and though everybody on rally around the flag was,

let's say you put sanctions on country a, what happens? everybody in country a, even if they're opposed of the government, they start rolling around the flag and protecting those who are in power. so it's counterproductive. this is a history of sanctions. their sanctions are just simply for losers. they, they don't work. and i think they're a bad thing to do in principle in the 1st place to remind us. remind us what happened when the ex ha, both of was secretary state to mike pompeo cooled you about imposing us sanctions on, on kong. well now, why year before last? now it is secretary on pay a did call me for my advice on the proposition or proposal they were considering to put financial sanctions on hong kong. and i was adamantly against those. and

he was adamantly for those. this was on a sunday afternoon. we had a talk for about 35 minutes, and monday they had a white house meeting with president trump and they were, they were next. basically, my arguments won the day because hong kong does have a currency board. the hong kong dollar is a clone of the us dollar. it's fully backed by us dollar reserves. and the us was, i think, stupidly try considering even putting financial sanctions on hong kong that would have restricted the use of those dollar reserves. that would have been really taking private property from hong kong and the private property would have been us dollar reserves, if you would have been freezing them. basically perhaps the thank you will have to get you on soon to talk about crypto. a lot of people interested in you of use foot

that i know, but thank you very much. thank you. after the break will the red lines tend to battle lines can talk between the u. s. in russia to prevent all out more. listen will come. you haven't got to have going on the ground. ah price fixing is the problem. if you want a free market, you've got to let the market be free. you can have half of the market free. and then half the market fixed. do you end up with the problem that we have today? now we have e cigarettes, i just heard that it was a healthy alternative to cigarettes. and do we trust tobacco companies with their message that these new products are actually going to reduce these sugars are

making the tobacco it ah, welcome back. as the nato russia council meets today in brussels, to discuss the growing tensions of ukraine, that loan cars exxon, and joined from chevy chase in maryland. by for messina, u. s. government advisor. edward looked back, author of seminal works like who data, a practical handbook in the rise of china versus the logic of strategy. thank you so much. talk a lot back for coming on. i got to begin by just asking you what you think the biden administration is up to. i mean, there's reports of alms for coo and bolivia, the t p elephant e v o peer support for continued bombing armed support and gaza in syria. now, the threat of massive consequences against russia over ukraine, with some people saying alleged u. s. involvement in, in events in kazakhstan is, is the, by the ministration out of control. a lot of this is fiction was happening in

bolivia is exactly mapping that has anything to do with the u. ready s 0 can i can, i doesn't to right now. i just a drama because the president of bolivia was on this program with very much but i, i get it. president asa was on this program a few weeks ago. you telling us about us involved with him? and if you look me up, you'll find that i have been a living in the mount, the bullied guy, and i know that on him years, i have a ranch, and this is pure fantasy. this government is absent, absent completely absent, it doesn't do anything by the bolivian president and wants to throw at divert attention and sound which it surprises me because it's quite a competent presidency, which is doing rather well. so actually it's been mysterious while you want to create this fraction when actually they do not need that distraction. adult re sound policies there, so less move ukraine. simple,

but russia is bluffing about your credit. because if you wish to enter the ukraine, you don't need 100 than 80000 or something like that. you need about 600000. and the ration i mean doesn't have 600000, but protein strategy is to simply applied pressure and luggage well in georgia. and he went bike enjoyed the bike in georgia until the george's got the message found the president who was differential to moscow in a reasonable way. and then they start baked in georgia. that is the matter, the ranches of pollutant is not one of these hard, candid, and screaming things that's left to demagogues, internet stars. he waits patiently for ride fruits to fall into his lap. he got a sad job, has the crimea, because they were ripe fruit and he had to do almost nothing. ukraine is not right

. so if you wish to ripen ucc, so having less than 200000 troops, there will not do the job. it will need to have a much bigger commitment. now, as for the u. s, the u. s. as no intention of sending an army to the ukraine, to stop any russia and, sorry, there are any national forces or our special forces from the united states and from britain in new great, special forces. useful in sierra leone. they're very useless base like this, but you don't confront the russian army with special forces, quote and quote. now people will need pads and some, you know, when 15 of them are plenty of them can go in the back of some of the london. and he's guide in there. that is great stuff came. when you go, he goes to russia army and you tried to pull stance. i guess you'll get killed fast . ok if you wish, compose russia militarily and some but mr. put in. it is

a ride. true doctrine, he will not invade you crate when you crank it and then that could small force which will only prove up the ukrainians who wish to resist to resist. and it might even promote the entry of some, you know, for your p. m forces conceivably and other people. when you invade the country with insufficient forces, you start to war, you down end of war and put in being a competent fellow when he starts. this is just, they start ent, i'm very close and here and there be no act because, but it will never, they will never get to love. that will never go to the rest, a new crime and long before that they'll be all kinds of consequences, including of course, the american sanctions, european sanctions, and then be on women. but the appliance functions of 3rd party, the i'll, i'll get

a chance. i'll get to sanctions in a moment, and i mean, i'm sure you watch maybe sometime, some of the mainstream media in nato nations. they keep talking about in a minute invasion. you might have to explain why they're always doing that. what, what is your opinion on then doing that? because there are 200000 blue, they say 800000 in the proximity. it 1st, the russian forces have been in eastern ukraine for a long time. so the, the hands in begun that part of the country. secondly, there are these forces which have been massed there as i am not sufficient for the mission. but what brooklyn is trying to do is to send the message to care. all you have to do is to come up when a president, when did the same president, with the policy that's accepts the fact that the ukraine has always been an integral part of russia. indeed, the russians can say that they are in part,

they became an integral part of ukraine. kia is where they experience started, and the russians rally to care historically. so the mouse in the ukraine runs off and becomes an independent state, is absurd from a russian historical point of view. and of course, russia denies it ever. we are the ones that i would, i want to just skip along to blink. and what you think of blinking in the structures around him since the bible became president because he was obviously a bomb as deputy national security adviser. thank is. blanca, his biography is pretty transparent. here is a parisian american i 1st month when he was 13, you know, the civil comes from being terribly old and he's a nice boy and he is certainly not. and somebody who sits there clocking to upset the world and to. ready attack mother,

russia and things are that are what was on here about what did you, did you give him a call? what happened in libya? i happen to be there. when it happened there, there was an $830.00 meeting in the pentagon. on the day of the crusts, adam meeting, the tammy and john cheese communicate that anybody went is libya and remove mama gadhafi. we'll leave a 100 warring tribes for a 100 years. so i'm down and to libya, unless you're willing to spend half a 1000000 troops and run every little angle of it where people live and buy from the sand. so the joint chiefs agreed with john chicks. 7 defense bob gates agreed with them and got permission from the white house to issue a statement. i think it was around 10, 28 in the morning, rush in time saying that the united states will not intervene in libya. this is after more america duffy went on television and said that he was going to go to bon

guys, eat and kill them all. zamarelli examiner, every alley we're going to go. every alley. we're going to kill them out sooner than big whatever they call them. then you gain, discuss permission to say you are still not going to be many less on that same day, not washington time, but europe time hillary clinton announced as the u. s. believe to be what happened was that there are these national security advisor shows rise that terrible women and the un and hillary clinton went to obama and change his weak mind. ok, so blinking, that's not even willing to do nothing to do with it. i'm terrible with him and not blinking. i think that obviously many teddy and intervention samantha powers, we can't let the master of bon guys, you know,

xander exam and obviously some of the re clinton. they all say they acted, do it for you, propriety and strategically turn obama's mind, but in less than an hour, to work out the time difference between washington. and this is one of the horrible mistakes on the weapons. you know, the cumulative since 967 that spilled out into the sal and we can see if we can see dr. levine, we can see it today. we can see the thousands drowning in the mediterranean and in recent months and ever since the native invasion, i want to get back to punch in. why have you said putin's great crime has been that he did fences allies and the taxes enemies? well, yes, this will be outrageous thing when, when the war started in syria, well, put in then the supported, the opthamologist who had evolved into being somebody who was not just machine gunning people, but bombing them with large bombs to run out of bonds. so they would just take all

barrels, booked explosives and brought them on. i had to submit some bookings across should this was this, i want can be now. she just say i'm so sorry to interrupt the game, but people can see our interview. president, i said when we flew into damascus, where it goes, presidents are denied the killing of civilians are naturally demanded. in fact, it is, i will now go, it's an outrageous law. and then these shayhan for it says the, the different militias of the island white with who are actually in the savings and, and son. and i agree that the pictures we saw people being machine gun bomb kind of running and the bombing, this is all false. it must have been all created, the mistook the chemical ever since washington. that book is message was this. if you are a friend of russia, we will never abandon. you look what happened to barracks. there were 3 guys in the

streets and the americans dropped it. i don't do that, you side with me, i stick with you. so what is conduct is imperial you? because if you have your giving you a legions to put them, he will never abandon you, even if you commit them us greatest crimes. and on the other hand, he will try to track his enemies the americans. very often. thank you friends and help the enemies because they are driven by the imperatives of the human rights story. as propagated through the system and very often misapplied case in point being me, i'm out where they're going go. they're going up attack police station before anybody shot that one going rain. i'm muslims, most of them from bangladesh in recent years. they keep trying to look for the or talk to missouri government,

maybe 12 of them. and the united states now is $57.00 sanctions on me. i'm not a country with the frontier with china. a company that desperate to be with the west, against china, because china is bearing down on them. but we have it to 7 different sanctions against that. so american policy can, it cannot be a reality. that is to say, cannot be serious. it has to be constantly deviated according to human rights interpretations of the different sort. some of them in county spurious and behind out there is the rwanda story weight is absolutely true. that if somebody has sent 2 battalions of infantry, then times genocide will not happen. so lambda is always the counter example, samantha power bill to korea, i'm it and she diverted us policy very effectively because of it, it was truly miranda,

it's not true elsewhere. elsewhere when you're trying to get in for humanitarian purposes, you end up killing more people. and i think i think many, many people will agree with you there. we'd like we'd like classic on, on the show that to talk about how and or informed all the policies that arguably killed wounded or displace tens of millions in the his since 911 doctor edward fact . thank you. thank you. bye. that's it for the show. well, we back on saturday, 51. he has to, the day more more i'll get off. he was proclaimed premier of libya, turning it into africa's richest per capita nation to for british and us warplanes area. li bombarded it in 2011 until then he would touch my social media. let us know whether you think talks on ukraine between the u. s. and russia will fail. ah! with

july, an annual festival in st. petersburg. dedicated to destiny if ski. ah, the great writer, thinker and psychologist, people often turn to his work to understand russia and russians, perhaps even themselves. they put this thing on monday. it would be, think about the matter vehicle and why do you think that changing a rita transforming them as they read that does i ask, is unique ability to stay on ski wants to tell us you can better yourself. he makes you face your true self serve a cooper beyond conventions, rules of schemes beyond the boundaries and time does de aski is a global brand whose classics. everyone knows. i'm never out of style with

a night. nate has been trying to wine the clock but to cold war times that from a russian press briefing after high stakes talks in brussels earlier today. nato understands the principle at the end of visibility of security selected by if nato applies a policy of containment against russia, moscow will have to take a counter mon well, native rejects russia, red line of not letting you, craig join the military alliance, same the plot expansion spread freedom and democracy also the cub brittany, prime minister apologizes for attending a lockdown drinks party in the back garden. that number 10 in 2020 was the 1st time it is meant it is present but said no, says he thought it was a work event. the .