blue a with banyon, but we will not supply energy resources to those countries. the price of cap, that is the stock warning from vladimir putin that he blames weston politicians for effectively destroy the global energy market. you were speaking of the russian energy with forum that's currently ongoing here in moscow. also speaking out that for him at the head of the russian energy jain gas problem claims that germany's underground gas storage supplies will only be enough to last 2 months. and russian security service names, the ukrainian military intelligence chief as being behind the bridge bombing in

crimea with florida. big stories floating around during this hour from moscow to international . appreciate your company straight to your biggest headlines right now. so western politicians are effectively destroying that of the global energy market. that is the view of vladimir putin who made the claim as he addressed the russian energy weak forum. here in moscow, he actually accused western and governments are being guided only by their own ambitions. it gertley graham, the discriminant, if they fail to reach that aims, they undermine and destroy the infrastructure of their rivals. of closer i'm talking about the attacks on the node stream one and north stream to the light line . here are these attacks are undoubtedly acts of international terrorism. seem to block your from cheap energy sources back to deprive millions of people of resources and force other countries to buy energy resources at higher prices.

lilian, not only did the russian president vladimir booth and called a north stream pipeline disruptions, an act of international terrorism. he also hinted at the possible culprits. he said that the nations responsible for the attacks on a north stream are those who want to fully cut ties between the european union and russia. and in fact, he eventually mentioned the name's ukraine, the west and poland. and he also added, quote, unquote, like they say, in the west, highly likely, everything is clear, the russian leader went on to say that the both north stream one and north stream 2 can be repaired. but moscow will only begin working on it. if eventually the 2 pipelines are launched and if their security is guaranteed otherwise, according to the russian president, there's no point in touching the pipelines. among other things,

president putin doubled down on his own assessment that russia wasn't responsible for the global energy crisis. he blamed it on the policy mistakes by western decision makers that are taking their toll on developing countries to do. but since the expense estimate this year alone, the smoke gas pricing mechanism will bring losses to europe in more than $300000000000.00 euros, which is now 2 percent of the year as own g. d. p, as this could have been avoided, if they'd use long term contracts with an oil binding. the current difference between spot prices and long term contract prices is $3.00 to $4.00 times. and who was responsible for that? i have imposed this model of trade on us. they forced gas prone to switch impact to binding to the spot market, and now they grown that they themselves are to blame them. and other countries, primarily developing ones will have to over pay for these energy resources. the results that comes to the european market is sold there 3 times more expensive.

along the chain, these price fuel inflation, which in the eurozone has reached 10 percent video to ordinary europeans, the suffering. the population, as in the middle ages began to stalk up on firewood for the winter. what is russia got to do about it? they always trying to shift the blame for their own mistakes on someone else. in this case, on russia, they deserve that. also vladimir putin refuted claims that russia was trying to make life worse for europeans by using energy as a political tool and reminded how moscow came to the rescue. when american ellen, g exporters abandoned their european buyers and sent their tankers to asia, where a higher price was being offered, you may have expected. we've seen american tank as carrying l n. g supplies change their course move towards other destinations of just because they're expecting to be paid more. surely these deliveries are not reliable, and russia was the only one that actually made gas delivery to europe reliable. however, on western counterparts, wouldn't like to remember that. in fact,

they say it is moscow that doesn't want to supply them with gas. it's rhonda if we are guided by contractual obligations under insuring the supplies are made in full . if they don't want to receive our products, we have nothing to do with that. plus the russian president reacted to the decision by g 7 and e. u. countries to put a price cap on russian oil experts by quoting a famous american noble prize winner. the bottom line is that if you artificially try to limit the prices that only leads to deficit and higher prices plus, once again, mister putin threatened to stop selling oil altogether to the countries that join these restrictions against russia. when you stand him bestow, let him that we will not supply energy resources to those countries that put on a price cap to those countries, which instead of business partnership and market mechanisms provide cheating, tricks and shameless blackmail. i want to say that we will not act to our own

detriment. our principal position is that stability and a balanced energy market and a secure future for people's view can only be insured through combined efforts in an open and honest dialogue based on the principles of joint responsibility. and while taken into account each other's national interests. while i says the kind of dialogue we have established without thought as under the opec plus agreement was in august, we should do it yourself. a major point of discussion at the forum has been whether the used car and gas reserves will be enough to get through the upcoming winter. the head of the russian energy, john gas from shed his assessment was our chaise corporals. returning to the question where the europe can survive with injected gas, william that the colonel have an underground storage. dance his birth simply to no one can give any guarantee. if we talk about the act of guest volume and underground storage facilities in europe, then we must course talk about germany, the volume of active gas injection capabilities and germany amounts to 21500000 cubic meters of a guess or 100 percent will judge that germany apparently will pump about 20 was

estimated the germany will consume 6 to billing cubic meters of gasoline coming automatically period. this means that gasoline the underground storage facilities in germany's enough for 2 or as the most 2 and a half months. but mostly, yeah, it's basically turning into a global problem. we spoke with a representative of the african energy chamber who said, who says that basically when it comes to energy poverty, it's already a major problem on that continent. i've seen russian and african countries have really looked and walking to pass on a lot of energy projects. you can look at gas problems, investments in algeria on libya. you can look at a raw sniff, participate in the some of the project around was a big because africa has these big problem of energy, poverty, 600000000 people without access to electricity, 900, without access to clean cooking technologies. so looking at russia, looking at what he just done, the electrification i'm making energy, poverty history is something that us made. africans really want to explore broader

collaboration beyond what they already have right now. right now, africa can play a critical role, a critical role during this mormon, to bring stability to and volatility in the art of markets on crit, energy, security. this is what would need, right now, depth, what we need to, we need to focus on. and i think get your idea of sanctioning african states for dim, engaging with the long term partners. it's a little bit too much and it's a little bit too misguided to say that russians in africa, nick to be on the cape on the table. if you not on the table on dos negotiations, you are going to be on the menu and we don't want to be on demanding. but when it comes to the north stream pipelines, we spoke with a former austrian foreign minister karen can i saw that she says that when she was an office, she never expected america to allow the north stream to high find to go ahead in the 1st place as of july 2018 for me, it was very clear that there was such

a strong obsession by the united states and several you partners against north stream too, that they would do the utmost to not let it happen. i had said already 4 years ago, i wouldn't exclude the possibility that nordstrom bought the finished work wise, but never turn operate if the clients of russia gas such as germany, italy, austria, their, they had the if you have been privilege to the, in, to the extent that the long term contracts of russian natural gas, on the average was about 40 percent cheaper than the ellen she bought on the spot market. and this was one of the main reasons that several countries, governments opted for long term contracts with russia. it's not the only matter of price, i would say definitely it's important and it's made especially german industry

competitive. but it's also about reliable, steady gas flow. and this is more probably even more important. and that's why many people have been critical of abandoning long term contracts in favor of buying gas on the spot market. in another comment, at today's energy for him in moscow, president food and claimed whoever committed the sabotage at the north stream pipeline system, had intended to sever the economic ties and the relationship between russia. i think europe in union to say, sir, you stands behind the sabotage of north street one and 2. i will see those who seem to find the break of time between russia and europe is that as you want to find the undermined the political subjectivity of your, of every week in its industrial potential. but that will become a lead out in that market. and while the u. s. is about the debate and $817000000000.00 bill to up contain china and russia. some european countries are

saying they shouldn't decouple from china, but continue to do business together. that's according to the german chancellor. he's heading to beijing next month, out a contributor, rachel martin has her thoughts on this. europe has been riding shotgun with washington on ukraine, but it looks like at least some european officials are now realizing that europe may be about to be shoved out of the washington, warmer veal and left road side in ukraine as washing sets, its g p. s to taipei, we had from yes, colleagues, invest in your strategic enablers because they're much comp time. and it could be pretty soon when we the yes, my big gaged food elsewhere in dasia pacific. and we will be simply unable to support you and it sounds like when washington and brussels plan there ukraine adventure, the e. u was not anticipating a change of itinerary to include taiwan. here's the chief diplomat,

the deep us china competition. that was not a surprise. but this galatian of been shown in pay one wish they were not conditioned and they were treated by an individual travel, the leper sonali. they that bring it. i went straight to the bridge at the age of a i wouldn't say a wall, but a lot of wall games. oh, being coy, they're individual travel of personality. there is triggering a war. who could? that'd be surely. he can't possibly referring to how speaker nancy pelosi is or drums bongo performance, anti pay over the summer kitty german chancellor earl i've shoals is also reportedly set to visit china next month. and he doesn't seem too keen on having ties with beijing like europe was goaded by washington into doing with moscow to the blocks, ongoing economic detriment, have a listen. we don't have to decouple from some countries. i,

sam fagley. we must continue to do business with china. no more to understand what you officials wouldn't want to cut themselves off from china. the blocks largest trading partner, a few more self sanctions and you risk becoming the west, north korea at this point. the ea tre commissioner does seem to get it saying that he'll have a word with his washington colleagues about its latest china policy moves, which he sees as unproductive and harmful. make sense, considering how complicated it would be to replace chinese trade. it would take apple for example, about 8 years to move just 10 percent of its chinese production out of the country where 98 percent of its i phones are made. that's according to bloomberg intelligence is report. so perhaps brussels is now looking at the u. s. agenda bit more skeptically before leaping off a cliff at washington diaz. and then realizing too late that it didn't have a parachute. and by the way, the chief diplomat burrell seems to be upset with this pair. she packers. and is just you out these you diplomat saying, quote,

sometimes i knew more of what was happening somewhere by reading the newspapers. then reading your reports, the reports come sometimes too late, but at least it's not yet too late for europe to push back on the notion of opening up 2nd western waterfront with the world's largest economy. so ukrainian military intelligence organized the crimean bridge bombing that is according to russia's federal security service. dfs b says 8 people have been arrested in connection with a terror attack. the agency also states that explosives were hidden in a truck carrying roles of plastic sheeting that's typically used in the construction industry. the explosive device was camouflaged inside rows of polyethylene, construction sheeting, material on $22.00, pallets with a total weight of 22770 kilograms. and in early august, this year was sent from the c port of odessa to the bulgarian city of ruth. while the main point was that this terrorist attack was orchestrated by ukraine spy,

chief kitty, a boot don off with the help of a russian ukrainian and armenian citizens. as we heard, 8 of them have been detained so far were still on the lookout for the remain in for now. ukraine's intelligence services over saw the entire transportation and they over saw the ball transportation. let's have a look at the map they took, were now seen pictures of those, the pains, but let's switch it up and look at the roots of that, the truck, folks. so there we have it. it started off and the c port odessa. then it moved into bulgaria and they so country and then moved on to georgia, armenia through some russian regions. and then it made its way onto the crime me in bridge. now as with the results of that for people lost their lives ukrainians, and ukrainian officials work static about that was so you training and citizens taken selfies next banner of the bridge. that was collapse and was all specials.

the pretty much straight forward saying that what a great achievement this is and what a great blow the says for vladimir putin. even though they were saying all of this, at some point, they even accused russia of blowing up its own bridge, which made no sense whatsoever. but of course, this would go along with the, with a western narrative. we also saw, of course, how the officials, they didn't take official responsibility for this terrorist attack, but there were so happy about it that not it were there were alluding to the fact that this is a great achievement for them. and even this morning, as early as the morning, once again, they reminded us that this is very helpful for them. and this is something that was on their agenda for a very long time. let's take a listen. no, the see there was the last wish destroyed half of it. and so who was responsible for that?

it's very helpful for cream. we didn't tell it from the very beginning that this bridge will be a will try to, to the story as soon as will be able to the so. so we'll keep hearing it from them . how help for this would be for them. and that they've been planning this all along yet somehow, even though it makes absolutely no sense for any reason that it was rush or the blow up its own bridge. now again, we heard today from the press service of the cranes, the military intelligence, and they're released at suite where they're saying that while the s s b and russians investigative committee, we all know that their faith structures and that to their findings are absolute nonsense. so this plays along and so their theory that they have nothing to do with it. and that is probably russia who did it itself. and the reason why they're so confidence in dismissing these structures and dismissing the findings. it's because they are getting support from western countries from european countries who are not

only not condemning the terrorist attack, but there are also encourage and that they're supporting it. they're applauding this attack. some of them are even calling for more such attacks on russian soil. the events of the last days have once again demonstrated the blade and double standards of the collective west. the litmus test was the terrorist act committed by the ukrainian special services on the crimean bridge. a cynical attack on an object of critical civilian infrastructure. in fact, the missions of germany, latvia and lithuania to the o. s p e, justified the terrorist attack on the crimean bridge. so i guess this is why ukrainian officials feel so confident and dismissing the findings and the courage and more tax on the russian soil. but today, what we know is that 8 out of the 12 suspects involved in this terrorist attack on the crimean bridge have been detained. they're looking for the 4 remaining ones, and these are the findings. and this is the latest on the terrorist attack and the climate number indonesians have been rallying and the capital g carter that are

bonding of the government changes economic policies to avoid recession and labor unions called the demonstrations at the mining cuts to fuel prices are also concerned with surging inflation, increasing everyday costs. well, we got a report from one local j must have a la bug. the weakening of the repair against the us dollar has resulted in high cost or imported raw materials. and consequently in rising production costs, employee, transportation, congress, i hope the government would be more accommodating and turn out to see the people directly. what is happening at restaurant level? restrain it is difficult to trade on to do business or get a job like we work really hard without current wages that has not reached in 3 years conference about thousands of dollars in the nation, gabriela got that one right mistake. they were professing to jump in fuel prices

after the government decided the size, the fuel subsidy in early september, where it goes assembled around a drug turned into a mobile stage. when i present the various labor unions to turn to deliver daddy mouse, they were fighting their demand for the government to the 1st, the fuel subsidies policy. and just to fast, i think, leaving costs and staple food prices. the labor union also demanded the government to increase the minimum wage. my 13 percent in 2023. i was the president asked for donation of indonesian red unions said 6000 and then i part of the valley today. and he added sunday of those days that at least until december to fight that demand . it's made out of seattle that he brought badly barking for i'd be, you know, from duck are back in the nation. nigeria is calling for its cultural artifacts to be returned. the latest appeal comes from the nigerian culture minister and

demanding that western museums hand over the bend in bronze statues. these are not just objects of beauty which have aesthetics. these are artifacts that speak to who we are and speak to our history is not a if, but when they will eventually have to return these. because the campaign is guiding strength by the day. and when they look at what other museums are doing, they will be compelled to return them. but the bronze statues were actually taken over a century ago when british troops ultimately sacked the bend in kingdom. it's now part of modern bay nigeria, or the u. s. recently returned more than 30 of the bronzes to the country. though it is estimated, 90 percent of all looted african relics reside far, far away from the continent and those against returning the antique st. actually safer and west of museums. some of the crisis artifacts have been stolen after being returned to africa. however, though, his, the other side of the story,

the studio at the 1st week is known for that would need our artifact because this is so rica is a grid, something to, to, to was not a little divinity. both of the people of the country that video it's all rights outage and it belongs to we the been on the bones. costas, so i'm appealing, so the western war to help us win back won't be lost, all because it t's are played and will need what belong stores black, there's still a walk to be returned to be returned to source because is our, is our right, is our cultural heritage, we are acts in defer our go bits. i did tell us in our community to please kindly return these artifacts to where it belongs to. where the been is. we will be proud and happy to see those artifacts brought back to all where it belongs to

the world bank and the international monetary fund of warn there's a very high risk of a global recession next year, but in a world gone upside down. coincidentally, ben bern 90 who presided over the u. s. federal reserve during the 2008 financial catastrophe has just been awarded. the no bell prize for economics. take it away. caleb mob then burn agie. he's the guy who shared the u. s. federal reserve bank from 2006 to 2014. now it's pretty well understood. those were not good years for the us economy. who can forget to 1000 a 1.7 percent here, a loss of 37 points or so apple shares or just getting hammer this morning. we down by between $3.00 and $4.00 and a half percent generally across these markets. let's talk about the speed with which we are watching this market deteriorate. well, the man who's at the top of the u. s. federal reserve bank during all of this just

got the nobel prize for economics seriously. he was 1st appointed to the fed board of governors in 2002. he made a splash for himself by talking about the dangers of deflation and methods that could be used to oppose deflation, giving birth to what's been called the bernanke doctor and george w bush liked him so much. she promoted him to the role of fed chairman in the lead up to the 2008 financial crash. he said that everything was just fine. he maintained the united states had the perfect goldilocks in economy with sustained growth. mo, inflation and monetary policy is that served the market well, even told us that a potential mortgage bubble was nothing to worry about. i do think that this is mostly a localized problem, and that's something that's gonna affect the national economy. remember how well that worked out. now he set out from there on a policy of trying to stabilize the economy by electronically crediting money to those who buy bonds. sounds a lot like printing money,

but he insisted that it wasn't. sometimes you hear the fed is printing money in order to pay for the securities we acquire. and i've talked about that in some, you know, in some giving some conceptual examples. but as a literal fact said, it's not printing money. now he's technically true. there was no printer involved, there was no new paper money created, but he was essentially doing the exact same thing just with the click of a mouse critic said this would cause inflation. bernanke did, everything was fine. we're not printing money. the amount of currency in circulation is not changing. the money supply is not changing in any significant way. now, a lot of people saw through this. it became almost a punch line until ultimately he had to admit that they were in fact doing that mean you create the reserves. yes. and so, i mean, is that printing money? not literally nothing like honesty and transparency from those who run our economy

. right. so why exactly is this man a hero? because the usa survived the financial crash so that he helped to create. you must be a competent fellow and some other interesting twist of logic there. but it worked for time magazine, they named in as person of the year on 2009. and how did he get the u. s. economy going again, you may ask if we don't get the financial system working and that involves very likely both taking bad assets and injecting capital. that other steps to restore the economy will probably not be effective, but just don't call it printing money. we've been over that, so where are we now exactly? record inflation in the united states. the consumer price index is up 8 percent over august. now at this point, they've just continued printing money. and the rising energy and food costs to the sanctions on russia had only made things worse. american families are getting squeezed. all show the public is furious over continued economic mismanagement. so

it sounds like the right time to give the guy who started it all the nobel prize. just another sign of how out of touch the american elite really are the legacy of them. bernanke is very questionable, is really distorted the global financial markets and caused this huge debt run up in the system in private business. and now we're beginning to see the consequences of that as now. we're finally raising rates. and now the financial system is increasing distress. so this legacy to me is a distribution of income and wealth to the wealthy investors, and exacerbating inequality into us and the stabilizing of the global financial system. and i don't think that's a great legacy that deserves the nobel prize. well, you now it's, it's very similar. obama escalates the war in afghanistan and syria and,

and he gets a nobel prize for right. ah, that's not much of a peace prize. and so, you know, the nobel prize is, i don't mean very much. the very political. i, you know, those you do what the ruling interest in the west want them to do economically or, or diplomatically. geo politics. i get rewarded for it with the nobel prize. ok. so, you know, it's, it's very comparable. if you give us a prize the, someone who's whose actions and, and policies are, are contrary to what the nobel prize is most to be about. yeah, just when you think that, well, it couldn't get any more crazy wrapping up their story. they would been, but i keep getting a no boat nobel prize for economics. well there it is. for now we are back soon with more hope you can join us to the top of the hour. ah

ah, no. when i was sure seemed wrong when i was just a new world yet to see how it is the because the advocate an engagement equals the trail. when so many find themselves worlds apart, we choose to look for common ground. oh my, what a few days in some missiles can make rushes retaliation to be attack on the crimea bridge was focused and deadly will care and its western handlers now think twice before engaging in more, sabotaged in terrorist assaults. the choice. is there a

use you as a sensory water? use that argument. september 2022 and now go down. the ukrainian military shells the city ceaselessly targeting this f r rogia a nuclear power plant, residential buildings, skulls and kindergartens. ah, what a mass young book would oh, both night out without a ball which energy soon nature touched on.