tv News RT March 13, 2023 11:00am-11:31am EDT
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a miss supplies and fleet with with ours top headlines on our team to national after to us banks collapse over the weekend. the new york stock exchange holds trading in a handful of bank stops that are crushing. it's coming just off the president biden tried to calm the waters are showing americans that that money is safe. the president, the bell roots, america has strangled iran deck. comments coming as he held bilateral talks in terror on the country's leaders reaffirm that commitment to building a multi polar world on the b b. c. make so you turn reinstating its top
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sports presented. gary lenika off the side lining him for comparing the nation's migrant policy. to that of germany, from the 1930. ah . and just when you think the world can't get any shakia today, as we speak, the global financial system appears to be teetering on the break. so following the silicon valley bank collapse that's been dominating financial headlines, contagion fee is spread of shares and multiple banks are crashing and that trading has been stopped on the new york stock exchange. now those effect that include charles schwab, western alliance on 1st alliance with reports that the 1st republic bank has been stopped, as well as off to losing 60 percent of its market cap today. or keep the list updated as this day does continue. the crash is occurring just after president
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biden sought to reassure americans that money is safe, but refused to engage with journalists off the. he delivered his statement. all customers who had deposits and these bank can rest assured, i want to rest assured they'll be protected and they'll have access to their money . as of today, that includes small businesses across the country, the bank there, and need to make payroll pay their bills and stay open for business. no losses, and i want this is important point no losses will be borne by tax payers. let me repeat that no losses will be borne by the taxpayers with the president. what do you know right now about why this happened? and can you assure americans that there won't be a ripple a past? due balance of evidence should all the positive be protected at all bank? i guess he just didn't want to say any more of this all comes off to the 2nd us bank collapse. over the weekend. a new york based signature bank had more than 100000000000 and assets to the end of last year. that was now been shut down by us
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regulators joining the demise of california based silicon valley bank. now the top 4 largest us banks have lost more than $52000000.00 in market value. since the recent news of the collapse of silicon valley bank, california bass lender was highly involved with tech companies worldwide. the us treasury secretary has said there would be no bailout, what has where should affect the clients. they will get some of that money back americans economy relies on a safe and sound banking system that can provide for the credit needs of our households in businesses. so when they have her a bank, especially one like silicon valley bank with billions of dollars in deposits, fails, it's clearly a concern. and when the news of a 3 b failure broke, desperate clients lined up to withdraw their funds as quickly as possible,
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but they were locked out. images circulated online over the weekend, showing queues of people. some of them did not have the opportunity to get that money. and financial markets in asia have felt the ripples of s b, b, 's, failure as concerns of a global domino effect, continue to grow. well, we can learn more right now across life. the managing director of medicine advisors soon made a better way to get the latest details on this story. a very welcome to today. so thank you for joining us on this program. but what a day, what a day with seeing right now, keeping up with a headline to sb be signature by cup put and shares and asian bangs are heading down the drain. in fact, trading stopped at the new york stock exchange. tell me mister irma just exactly where we headed right now. well, that's a very difficult to answer because you know, i'll just seems to be happening in the u. s. and i can only comment on stuff that i
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can understand which is out of india, right. at more on the decade, to be honest. what about the, what about job? i know after a speech of addressing the nation just now he refused to respond to questions from job list. is it possible that he's just afraid to face the reality of what is potentially a dire situation of the economy? by them makes his speech. mister barber, he makes a speech, then they're off in questions and he legs that he gets out of there right through the back door. no, i think so. it's all happening as we speak right now. so i think, you know, probably didn't really want to get a sense about the extent of it before commenting, to be honest. right? so, i mean, i think this is more a can do like an edge to see instruction rather now layman situation in my mind. so it's really about understanding because the financial system is a very inter living system, right, so that it always is domino effect that keep happening. so i think it's better to
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see how it's evolving in the next couple of days. and i think we've got a kid or a statement from that mr. bottom of the a former u. s. president. donald trump has come out with a statement i would like to, i'd like to actually play this for you if you will. but mr. trump statement, basically saying that a great depression is looming over america. mr. but am i just for a moment? have a listen to this with what is happening to our economy and with the proposals being made on the largest and dumbest tax increase in the history of the usa times 5, joe biden will go down. as to herbert hoover of the modern age, we will have a great depression far bigger and more powerful than that of 1929. as proof, the banks are already starting to collapse. so donald trump is essentially saying that the bottom of the us right now is potentially facing the biggest collapse of nearly 100 years. how would you read into that?
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i mean, obviously that could be a bit of politicking involved. right? yes, i would comment on that too, but i would say that you see how this essentially got triggered because of the retakes appeared to the right of silicon valley bank and portfolio banks. so 1st went back, signed the business of managing asset leverage mismatches. that's how they make the money. so you don't take them dad sent you to do in the long term. that's what banks do extend to what you do it or you manage the, the risk along with that is what makes banks good or bad in that sense of. and if, if, if you had so many banks and we have one or 2 of these cases happening, then, you know, i mean, it's a percentage at the end of the day, which are supposed to actually send in the system. but to point out, that'll make it look essentially their portfolio going bad because of the retakes
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of the re thanks happened because the tried to control inflation. rachel, and i think what we've been hearing now is that here, there may be no great heights hectic down. and with a place to stay where it is. so that's a, that's a big question that i don't have the answer. i think that's something that they need to work through and an efficient if it does go up and doing his rates, they going to be good. so. yeah, exactly. i mean, this is a thing, a lot of people are talking about. you know that the risk of a contagion spread right now when you look at the structure of what is essentially a global banking system. the tentacles, you know, they, they run world wide and, and when one or 2 or 3 banks do collapse or do have an issue, it doesn't take much for the knock on effect to suddenly happen worldwide. i wanted to ask you quickly if i, if i can mr. vote about the c e o over s v b bank, sold 3600000 dollars in company stalks just 2 weeks before the bank basically collapsed. is that a case of lucky timing or perhaps some valuable insight information? your thoughts?
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yes. so to sort of foot on. so the, the 1st part really that there. i think you know that systemic to lodge to free time bank. which also mean that if they do get into trouble, then the entire financial economy can be dropped and the right to knock on effect can be very global. so remember, living by the way down the vein to europe in the economy, then even the middle east economy, that factory people, it invested a lot of money along with lemma, which went down the to so but essentially i think none of the bank that went on today, fall in that category, right? i mean i think the basis to non, to not being applied on them because they do fall in the category. so i'm actually an optimist, but hey, just so i would say that look, i think it's again contained one way or the other. i think the next
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couple of the really downloads the action not gonna effect on others. but i'm going to leave that silicon valley bank is essentially have been getting to where the specific segment of clinton, right? so, and some of the other bank, the issues i know that the banks have suffered because of the reasons. and so, and that's the one thing asset which, which take its own total, i think as, as matures about the question about people selling drugs before, you know, i, you know, if you and i were deposited with silicon valley bank right now, we would not like that at all, i'm show. so i think be definitely going to look into that as to whether it was a sale in a normal or something that was more to it than that. well, it's, i mean it's simply just kicking off right now. we're certainly coming to ahead of
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the moment mr. vote him. i'd like how you say you're an optimist by nature, but there are some people to say the pessimists. the pessimists says it can't get any worse. the ultimate says, oh yes, yes fit can. managing director of medical advisors, sue me about him, a thank you for joining us. thank you for that. thank you. while the bell russian president, alexander lucas shanker, is into ron holding talks with his iranian counterpart in the visit aimed at strengthening economic and strategic ties. by the russian lead us as iran is the cradle of civilization with a great history though it has been strangled by us sanctions. but becky, i am pleased to visit to run the capital of present day or on which has become the cradle for one of the most culturally advanced civilizations. through the territory of which trade routes passed long before america was discovered. your ancestors knew about logistics, exports in transit,
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much more than those who have been strangling your country with sanctions for more than 40 years, trying to instill their so called democratic values. they forgot that every nation has its own values which stems from its culture and way of life. well, of course, alexander looker shank over the double russian president arrived in iran on sunday and today he was warmly welcomed by the way he's running cattle car to brian re c. well, the 2 sides talking to ron extensively in a wide range of m like fields, industries including mining energy transport, agriculture i, teen. both sides are turning to each other in defiance of their western sanctions. as mister like ash ankle said to day in his meeting with brian bracey that he said that the sanctions are not. threats by the sanctions are opportunities for both sides. so he advised both sides. iran and
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a better rose to stick to those opportunities and should not suggest these opportunities as these. of course, the sanctions are pressures on the outside, but they are a blessing in disguise. for both countries as those sanctions that pressures by the west are bringing and are forming a unified front on the eastern block. delacruz and other countries are also jumping on the wagon trying to come together and turn to each other a defiance of the western sanctions. brian bracey also said today that a bill of roses of strong country and iran eyes more cooperation with bella roost today to decide decided and find of course, a roadmap, cooperation roadmap. that would be to the 2 sides. cooperate and different fields. and today they signed those 5 agreements and used to just get closer and boost their bilateral ties. well, iran exceeded to of course,
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made an exception to the shanghai cooperation organization last year. and bella, luce is also willing to join and become a member, full member of the s t o. and if the 2 sides joined this important organization, they can easily can facilitate cooperation, economic cooperation between the 2 sites. so it's a 2 day visit by mr. christian cope, and he will stay perhaps until tomorrow, or perhaps he will return to his country today. but the outcome and the consequences of his visit are significant. i caught a bus down here to moscow straight now to the front lines of the don't yet square public. where russia's wagner group is leading an assault against the ukranian stronghold. the city probably know it has come off, also known as back moot. it's a leader says that as fighting has become more intense, kiev is sending more and more forces into the front line. the bottom of it, a bell,
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could you just situation is difficult, very difficult. the enemy is cut throats fighting for every meter. and the closer we are to the city center, the harder the battles ukraine's throw an endless reserves. we are moving forward and will continue to move forward. we will not dishonor the glory of our russian weaponry you, but i mean, he added that russian forces and al, roughly, just a kilometer from the city center. and the area has been a focus of intense fighting for months with entrenched ukrainian troops now flanked on both sides. and this comes as the ukrainian commander had admitted that its military supply routes are being cut off by the advancing russian forces. where those who may moisture more them, it's hard to hold every building. there is a particular danger that the neck of the cauldron is no more than 4 kilometers. without logistics. there is neither a rotation nor
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a supply of thumb ignition. we understand or maybe repeat of a de bells of colds. the situation, whether olds are cut off and an intentional withdrawal of troops can endanger during tar colon, ukraine's president. the landscape claims that he's caught up troops up from the years upper orgy region to reinforce arch almost. that's as a key f as demanded more weapons from his western partners for the conflict. over now, to our correspondent, eager to dine off, telling us how russian arms are giving its troops. the edge against the ukrainian military western countries have approved tranche, have to tranche of their weapons and equipment to ukraine, which so russia has had to raise stakes to some of russia's newest combat vehicle modifications are already here in the dumbass and they have already been tested had their worth has been proven on the battlefield quite a few times. ah, the vehicles tracks spew dirt on us as it storms paused towards the front line to
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cover infantry salt teams. it's how doesn't offer much protection, but what it lacks in armor. it makes up for in speed and firepower. it's designed to blitz the enemy released the smoke bombs and disappear. the crew tells me this amphibious infantry fighting vehicle has already met its match in the dumbass. the proudly american bradley's from the most recent shipment are
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already here when the exterior will show others navarro, our new airborne combat vehicle. the b, m. d 4 is an excellent machine, works like a dream. of course the caliber pleases me. it is good against large clusters of opponents and strongholds against light vehicles. and it's also good against bradley's. it has excellent speed and low fuel consumption. the machine has proven itself, especially on the front lines. it has a high rate of fire. the ability to shoot from close positions. we use the b, m, d every day, send greetings to our opponents and do not let them relax. moscow has been repeatedly calling on the west to stop military shipments. stop the escalation, all russia will have to match it up a job. the west is called to inflict, to military defeats on russia. they need to pump weapons into you crate, including those that can hit russian territories. president lensky has publicly requested such weapons. we have strongly warned the west against providing that. it
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is effectively waging a proxy war against russia using hands bodies and minds of ukrainian neo nazis. but long range weapons would drastically escalate the conflict. and i sincerely hope that the fi reasonable people in the west understand that this i, if the is only one example of russia's new weapons deployed to the, with the theater brand, new t 90 tanks lurk in the woodlands. drones is sure in the skies, faster and more powerful missiles hit ukraine's infrastructure. d behind the lines . but the power of rushes biggest and most lethal weapon so far has only been unleashed a drill site. i'm a gosh, darn of reporting from the dumbass r t. the prime minister of finland, santa madden has been slammed for attending the funeral of the leader of the infamous right sector terrorist, an ultra nationalist movement in ukraine. history repeats
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itself. fins with nazis once again. nazi is that the nazi's funeral, moore in santa it all adds up finland doesn't mind naziism. so i doubt she'd care. even if someone told her your parents present. zalinski was joined by the finished prime minister at the funeral in the country's capital. a thousands convert. all that at his main square, friday last week, praising the commander, calling him a hero. when the western media cup of the story they left out his very questionable past. going by the code name davinci, he joined the ultra nationalist movement at age 18 during the 2014 might on coo and t. f. off to the uprising. he took part in the fight against the people in don bass for his extreme cruelty on the battlefield. he owned the nickname, took a theo after an infamous serial killer. and a notorious interviewer cuts a bio joke that he fed his pet wolf, the bones of russians speaking children. early i spoke with a young conan editor in chief of the finish, m v. let he media outlets who says he was shocked by prime minister marin's actions
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. what is a great shock? oh, it shows the real scheme of the, of greenish globalist leadership. whatever is explained and what kind of more peeves are being thought we come up to or rule the fact that participate the nazi funeral makes you nuts and doing that by social democratic leader of freeland, it makes a very big question. and a horse pro vocation is a moment, go through for all the feelings, and this app is only 3 weeks before the general elections of boardman. this is a very every single not all with the will, but the finish population as well. finishes sliding with the nazis and oh and we are, we have a local beast being and discuss about what's going on and he's back the bbc has reinstated its top sports present. a gary lenika,
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a caving in ultimately to an outcry of public support. the host was sidelined for comparing the nations migrant policy to that of germany's, from the 19 thirty's. it is decided that gary linda carol sab, back from presenting match of the day until we've got an agreed unclear position on his use of social media. he should keep well away from taking sides on polity political issues or political controversies. gary is a valued part of the b, b, c. and i know how much the bbc means to gary and i look forward to him present an al coverage of this coming weekend. or the response was quick after the u. k. prime minister richie soon, i posted the national slogan which said migrants would be denied access to the you case, modern slavery system. so the bbc host took the twitter to blast the initiative. there is no huge influx. we take far fewer refugees and other major european
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countries. this is just an immeasurably cruel policy directed at the most vulnerable people in language that is not dissimilar to that used by germany in the 30s. and i'm out of order the decision to remove him as spock, a boy called not only by his co host, but almost all other sports presenters uncommented as at the b, b, c. but he was far from alone in questioning the government's campaign. gonna get miss some slaves before its legal the government tech control for came by saying if you get people here, there will have no protection from slavery and unforgivable message. a sentence which shames the country and everything that stands for this is absolutely disgraceful. complete application of humanity will earlier we spoke to an international policy consultant who says that despite linux has message being a bit exaggerated, perhaps he's got a point is a commenting or he's somebody's be somebody hasn't. he has
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a right to articulate how he feels grand. we may do that in order to compare the current government to the government sensitive because but let's look at the merits of the argument. yes. understand issues, migration in europe and in america. extremely sensitive issues. this is one of the issues that companies like in europe will read and what they think they will. you have of nationalism to push out more internal policies. and i was looking at a way to think, no, we might have rights. i mean, when you go to learn to see that you're not an adult slaves protection, somebody could not somebody from europe, from africa, into europe, and in southern slavery and they won't have a protection. so, i mean, he says that it over no voice. and it's a true people, they speak not because they're not because they are now because that they want to
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be there. but some people have read their lives. and if somebody developed country, somebody is developing country that litigating read, and they just want to find a new life. chinese ada gigi paying as asserted in a speech to parliament that it was only recently in the country's history when it was semi colonial eyes and bullied by foreign powers. but now the nation is ensuring its sovereignty and protecting its national interests. gym valuable in modern times, china was reduced a semi colonial, semi feudal society suffering from brewing by foreign powers. it was rife with conflict. it's people were subjected to great pain. we must further advance our modernization drive in terms of national defense and cern china smell to re into great wall of steel. it effectively protects our national sovereignty, security and development interests. we should strive to advance the one country to
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systems policy and achieve national unification or the, the chinese leader delivered his remarks of a key political event. it's called the 2 sessions with chasin several fresh appointments for the government. a g himself made history of the country's 1st president to be elected for a 3rd consecutive term, but also a new defense minister was chosen as well. lee shine food, although he's been on the us sanctions listen since 2018 for allegedly buying military equipment from russia. the chinese president also emphasized that his country is focusing on global multilateralism as a principal in its new political course. surely maybe we should hold high the banner of beast, development corporation, and mutual benefit. we should always stand on the right side of history, just multilateralism and observe the common values of humanity. we should actively participate in the form and construction of a global governance system. promote a noble economy and further advance
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a global development initiative and the global security initiative. so earlier, cd and correspondent jo josh and shared with us of the details of the historical context of china's one country to systems policy. in 1895, i asked my memory so as well. ah, we had the sino japanese war at all 3. then we lost a while we so time and then returned to our republic of china or before the new china, which was founded in 1949. so this is all about what the prison she was talking about. because china was on invaded or colonized. she was in or one country national unification is to share desperation of the sanson, daughter. so the chinese nation is the essence of national rejuvenation. we must implement our policy overall policy for resolving to tie one question, uphold the one china principal and seek to the 9092 consensus island either radians
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believes that any country must recognize the government of p r. c. the people's republic of china as the sole, legitimate government representing the whole china. if you go back to our present, she's speech of this morning. he stressed that sole efforts in advancing the practice of one china policy in one country to a system in a cause of the national re unification. so he also stressed their need to fully fifthly, and resolutely implement this policy under which the people, hong kong administrator, hong kong and people of macau admins, mac are both with a high degree of autonomy. so what does a mean friendship for taiwan? so if china is now making better efforts to on to achieve what it baiting cause, the national reunification, it means that beijing will also on the, you know, maintain some talks to make sure that taiwan would also enjoy this high degree of
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autonomy as what hong kong am i call are now doing felicia, let's try to say the china and russia 2 of the biggest players right now developing the multi polar world. nearly every week, we're seeing new strategic partnerships between countless developing nations as they essentially stand up against the uni lateral world. order you might as well call them the deep dollarization cognition. read more about that at r t dot com the meantime we are back at the top with with
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