oh, no, a terrorist attack is no longer receiving it. moreover, it was a terrorist acts committed reading state level because no amatory with that old stream pipeline bombing was a safe phone terrorist attack. well, the western version of events is complete nonsense. that's recording supply to my moscow state. the u. s. military drone is crashed into the black sea of the crimean coast without any russian involvement of the violation. the note lines on washington would, one would destroy taiwan semiconductor industry and let it fall into china's transit aging. attacks the islands, us a message from

a former us national security as fighting with a very well welcome visit. dante international, with the latest world news out, think it's good to have you with the terrorist attack, which crippled the north stream pipelines last september, was committed to state level. that's the message from russian president vladimir putin. good number to scuse the fact that this is a terrorist attack is no longer a secretary. moreover, it was a terrorist act committed at a state level because no amateurs could commit an attack like this. if you could shoot his music for quite a month ago, up to the person destination. that was a media campaigned with oh, to go to p. u in several newspapers allegedly state in some ukrainian activists had organized the attack. and it was especially emphasized that these activists had no nothing to do with the ukrainian government. look, how do you feel about these version? some of them will even suit. i'm sure that this is complete nonsense. an explosion

of this kind at such a depth would only be carried out by a specialist supported by all the power of the state, which has the required technology. so right now russia is trying to get the united nations to launch an independent inquiry into the north stream, sabotaged or as russian president vladimir putin says, terrorist attack, the only enquiries they're happening right now, are the equivalent of suspects to a crime, having their friends say that they'll look into it and then let everyone else know what happened and the west just seems to think that that's fine and that they can investigate themselves. and in the mean time float this narrative all across the mainstream. lester media, citing unnamed intelligence officials in each country like the u. s. and germany, for example, who are all conveniently blaming the whole thing on some quote pro ukrainian group with no identity beyond that, but which magically absolves absolutely all actual countries and states from any

and all responsibility. we're supposed to believe that some random dude came up with the bright idea to get together 5 other random data to load massive amounts of explosives on her boat at a port and germany. sail out into nato waters and blow the steel pipes and their concrete encasement 20 days after their excursion, remotely investigative journalist seymour hersh, who attributed the attack to a u. s. lead special operation in conjunction with norway. isn't buying it. you're trying to verge attention from the story that i wrote, which included enormous specifics. i was describing a process that began before christmas of 2021. involve the the national security advisor, jim sullivan, of the white house of the, for the president. they had a series of meetings at a secret room in the white house. meanwhile, there's a total lack of outrage here in europe from the establishment. their silence is deafening. considering that the north stream network is a joint project with major european energy companies and russia gas problem to

secure europe's energy needs. now, according to what's been seen recently in the russian media, sweden, denmark, and germany, 3 countries near the attack. and it should have had some information about it or not engaging with russian authorities trying to figure out what happened to me. which is very difficult for us to conduct our own investigation if we're not even allowed to access the side of this terrorist attack. only gas from received permission from danish authority to investigate the thought of the explosion gas wrong did not limit itself to the study of the very place of the los along the gas pipeline itself. and the ship rented by gas pro moved on and at a distance of about 30 kilometers from the explosion site. the column was found which stood at a similar spot where the explosions occurred. these are the most vulnerable places in the gas pipeline. the junction of players experts believe that this may be an antenna for receiving a signal to activate an exit loss of device that can be placed beneath the pipe. and now of course,

we would like to get permission from danish authorities to independently together with them, or even better by forming an international group of explosive experts to carry out the necessary research. apparently, several explosive devices were planted, some exploded in some didn't. the reasons are unclear, research to them was so obviously some neutral authority really does need to intervene here like the u. n. and a letter has been sent from the russian ambassador to the united nations to the security council to that effect. but the west certainly doesn't seem interested in demanding its own answers from a us marine corps intelligence officer school where it has a washington house committed on economic pearl harbor sol, attack on europe. jeremy's economy has taken a big hit right now in a large part of that is because of high energy cost. united states has not been able to supplant russian gas. so it, you know, the quantities and the pricing that makes it viable for germany and germany were

just stabbed in the back by the american partners or american allies. carried out an economic pearl harbor on germany suites claim to find explosive traces at the floor of the baltic sea near the explosion device. compare and contrast are these the same? they come from the same source, but they're not talking. what is a sweet say? they can't talk about it because we'll farm their national security. what threat could possibly exist? the sweden's national security exposure? russian malfeasance. no sweden will get a. did a metal for that expose in american involvement. there's the problem. the switch has to be quite because they want to be members of nato. the people who want to be members of nato don't go about exposing the largest member of nato as perpetrator of this terrorist act of this act of war against germany and europe. we know carried it out. we have a confession from the american president joe biden, to the back february 7th of last year,

where he promised that if russian tanks entered the ukraine north street to be taken out, he guaranteed it. ah, the us labor department has reported that inflation rose to 6 percent in february, maybe 8th invest to services. part of the big 3 racing agencies has slashed out look for the entire u. s. banking system to negative. as the country's economy is shaken by financial turmoil, well, this comes off, the 2 major american banks collapsed over the weekend. now the federal reserve, which overseas the banking system and the rest of the economy is faced with a choice a bit to raise the interest rates even further or tackle inflation by reducing prices for consumers. speaking on monday morning, president fight and try to reassure americans that their money is safe from the white house press secretary gen socket chimed in that it's difficult to buy them to do anything in the morning. but he did so because it was important. now it's important to know, president biden does nothing at 9 am. he has

a night owl. so the fact that he is doing this at 9 am anyway, speaks to how vital the white house recognize that it is for him to have his voice out there. conveying that to the american public president biden's address to calm the market seems to have had little effect as desperate clients rush to line up to withdraw that funds images focusing on social media. so cues of people with some failing to get the chance to withdraw that cache and the cross the pond, european officials came that their economies have not been affected by stalks plummeting to new lows. come down and just have a look at to really t to where the t e that to bang such you just mentioned sunday which had a french banking system is not exposed to the city. can bank our banks are overall in good shape. we have strengthened them enormously in recent years. the

european banking sector, in particular, the spanish sector is actually right now with the reinforced regulatory and supervisory framework. they have a will and solid well capitalized than solid balance sheets. lessons learned action is being taken quickly and swiftly in this respect, there is really no reason for anyone here in germany to be very worried to that. so let's get some insight from paul craig roberts, former us treasury assistant secretary and wo street journal editor. many thanks for joining us on the program. so 2 major american banks going on the in just one week is being called the biggest financial guess since 2008. what's your assessments of the current situation and where it's sol heading? reg, banks were casualties of the federal reserve policy of raising interest, roach. you see for many years the federal reserve care rates are very low. so. ready the interest on the financial assets that the banks have on their balance

sheet is low. so when the rates start rising, the values of their portfolios fall. but the liabilities don't. so the feds policy of high interest rates pushes the banks into insolvency. and this is the cause of this problem if the fed continues raising interest rates and there will be more failures. so what do you make of jo biden's remarks on monday that the us banking system is in fact stable and that consumers, that money is safe. well, this is a different subject term. it's not stable if the fed raises the interest rates, but it's also not stable because the 5 large banks,

the 3 the gyre new york banks to 2 giant california banks. these banks have trillions of dollars of derivatives that they are holding. yet their cap gain base is only in billions. so they are holding their they are exposed to risk in the trillions of dollars. and they do not have the capital base to support that risk. so if something happens again and these derivatives as it did earlier this century, when we had the big crisis, those banks will be in jeopardy. and if these big bikes get in jeopardy, i mean there are many, many taps larger than the 2 that failed. if these big bikes get

in jeopardy from their derivatives, it will spread into europe. these banks are simply too large and there's too much into relatedness. so when the president says something like bio, that's his job is to reassure be, so they calm down. they don't rush to the banks and full out there money that goes, that is $1.00 of the reasons for banks to fail you. but i doubt if biden, or anyone in his administration or even the federal reserve has any idea of the extent of risk. to put it very clear. the 5 large us banks hold derivatives, the value of which is twice the size of the g. p

of the entire world. they whole $188.00 trillion dollars in derivatives. well, what is the risk of this? no one knows by didn't, you know, you might try to reassure people, but then we have the moodies out look for the u. s. economy, which my people are going to be looking at and thinking is this a sign that the countries in worse shape than officials are willing to admit? well, it most certainly would be a very so long man. the truth about any rank and not just the banking system or the economy. you see these troubles date back to 1999, 24 years ago. when they dramatically changed to banking revolution regulations. prior to 999,

commercial banks could not engage in investment banking. the 2 kinds of banks were separate investment banks took risk on their own money. they were partnerships, people with their own money risk. when they let commercial banks become investment banks, the commercial banks gamble with the posit all the depositors, they're not using their own money, they're using the deposits that their customers put into the bank. and so this has allowed, tremendous risk taking that was previously not part of the system. so when they repealed the glass steel act in 1999, this act had prevented by panics and by crises for

66 years. and they took that away, they initiated a pattern of behavior that leads to crisis living in the, in a globalized world like we are, how could the financial situation, the u. s. effects, other economies in places like europe and asia? as i said, if one of the very large banks, the job banks, if they get into serious trouble with their derivatives, it will impact the rest of the world. the small, the original banks for large. but they are not large international, but they don't have the chance of inner relationships with the world. that the 5 jaya us banks have you see some in some european banks, foreign trouble credit suisse. it's a very large by

a giant by it's currently in trouble because of which i don't know, but it's in trouble. so we don't really know the full extent of the troubles in the banks because kinds of risk that they take on now are not real or not well understood. it's. it's just like the derivatives that blew up in 2007 in 2008 and we lost banks. we. busy lost wall street firms and it was very serious situation. it was the reason for the very, very low interest rates for the next 12 years and those and the reason for the current crisis, we really appreciate your time today and your insights. thank you so much. is

a great pleasure to have you on the show, paul craig roberts, for the us treasury assistant secretary and wall street journal. like i said, thank you. your will almost go has denied allegations from washington that the russian air force brought down an american military drone over the black sea russians defense ministry states. the drug crashed into the wolves. off the crimean post office suffering a flight failure. the u. a. v was flying with its transponder switched off and violated the boundaries of airspace established for the purpose of conducting the special military operation, which had been communicated to all users of international airspace and published in accordance with international norms. the u. s. accused russian jets of downing, a drone over the black sea, what it describe as an unsafe, an unprofessional intercept. one of the jet struck the propeller of the drug. so the operators into the sea that's according to the us european command. now the

russian is believe to be heading towards crimea when the incident occurred. us officials have said this, and president joe biden was informed of the incident on tuesday morning. the u. s. has someone, the russian ambassador in washington to the state department in relation to the incident and the pentagon has said that the drone, it will, it claims that drug was carrying out surveillance, but it hasn't said whether or not the drawing was armed and earlier, the u. s. air force issued a statement accusing the russian aircraft of acting, able to say, was a reckless environment, the unsound, an unprofessional minor, accusing the russian aircraft of incompetence. now, in a press conference of pentagon official insisted, the drone was coming out surveillance in international airspace. when asked, he refused to say whether the drug was armed, but admitted it had weapons, capability going forward, or company aircraft, or was this aircraft armed shoe? i'm not going to get into the specific profile of this particular aircraft. as you

know, the m q 9 does have the ability to be armed. it was again conducting an i s our mission in international airspace. something that we've been doing for some time. well, there's a really fast incident of its kind in the area involving the west military involvement, right. know we do know that last october, ukraine carried out a massive drone attack. i think it was 9 drones that were launched on the russian black, safely the chrome. my import city of sylvester poem and moscow accused british troops of being involved in that incident. and of course, that led to russia since spending its involvement in the internationally broken deal to allow the grain exports to leave from ukrainian ports. and yet, last month, the ukraine said that it was relying on coordinates, provided or confirmed by the united states and its allies, for the vast majority of it strikes using these advanced you as provided rocket systems. and of course, it's cost major doubt on washington's claims of non belligerents re patrolling her

sometimes known as the predator b. and they are hunter killer unmanned aerial vehicles. they're designed for long endurance and high altitude surveillance, but they've also been described as the most dangerous military drone on earth. and they are controlled remotely. they're able to carry heavier payloads. and you know, what we do know is that that cost, again, a doubt over the nature of this particular operation. we still don't know what the dr. drone was doing in, in the area. the u. s. of course, claims that it was carrying out a surveillance, but russia has, as we heard earlier, broken down and dismissed those claim. lashes on boston to the u. s. was summoned to the state department over the drone incident. after the meeting. they, by signs to be more careful to avoid to reg, military confrontation. united states does not recognize the state. of course it's contradiction, but does it mean that it's less we do?

russian, maybe russian air force issue. we have to be our speaking to what is we know you're sure you see that we can we can be done the incident between the russian nation from the pentagon security policy on the left, michael maloof said the american road was likely being used to call the shots for the ukrainian military that drone probably was used to guide and to give assistance to ukrainians on the ground. 4 targets. i'm a little puzzled by the damage to a propeller by a, by a russian jet without it sustain you without the russian jet sustained damage. but

i haven't heard any reports of any damage to russian aircraft. if in fact it rammed it. that's the only way that this could have happened. so there's still more to the story. the fact that it was, it does show, however, the extent to which the united states is providing assistance to, to, to ukraine without actually putting boots on the ground. but it is in effect, the acting assisting the as a proxy, seeing the ukraine as a proxy in this conflict against russia. washington is adding fuel to chinese tensions over tie one with a former us national security adviser, i think that america may destroy tie one electronic chip industry if china invades they've got control of those 2 factories and research facilities and they'd be the

opec of silicon ships and control world economy. now let's face it, that's never going to happen. i mean, the united states, since allies are never going to let those factories fall into chinese hands even if they were successful. a nation of time on taiwan produces the greatest shad electronic chip in the world. a similar message began circulating in the us a few years ago in 2021. the us army war college paper on keep at taiwan. it should threaten to sabotage the plants themselves. in response to an invasion, in order to deter beijing from attacking nelson wong, val die club experts and vice chairman of the shanghai center for women, pac strategic and international studies is the us. it's on the mining the one china policy and is trying to benefit from the controversy they're using this to. ready you know, as, as a means to launch this technology war against china because yes, taiwan is the leader in the,

the production of chips. the convert to by the former security advisor of the white house does mean a lot. and it shows really, this is a sinister contingency plan that us, but the excuse they use was quite worried. they call it in case of a chinese invasion of taiwan. this is totally out of place because one is wild of china. this is a very warri, some tendency, if the world is going to develop towards that direction. this is very bad news or of us. meanwhile, the authorities of taiwan, which international law considers to be part of china, has called on the you to sign a bilateral investment deal. i think that the issue is on top of its agenda and a bit to persuade you to sign the agreement based on proclaimed taiwanese government is also hinted that the deal could lead to an increased semi conductor

investment. but the e u has told taiwan to forget about the plans saying it won't be get a formal deal with the islands in order not to disrupt relations with china. the gal, vice president of the sense of china and globalization, se washington is imposing its own p, china sentiment on the european union. all european countries, including all the eel members as well as all those european members of nato, recognize a null, acknowledge $1.00 fee, which is universal. that is, there is one, china and town is part of china. every european country which has to promote the relations with china has given legal recognition of this principle. it seems that the united states is overly over you and quite a few of the european countries. this is very sad. this does not reflect a well on some other european countries to start with. it does not reflect well on

you as a whole, so it is time for your pay union to wake up to be the real european union, rather than becoming a running dog of the united states. ah, china say the orcus alliance is a quote, path of error and danger. as australia plans to buy multiple nuclear powered submarines from the u. s. aging has slammed the deal as destabilizing for the region and has also raised concerns that it jeopardize is nuclear, non proliferation agreements. where you are the nuclear submarine, cooperation between the united states. britain and australia involves nuclear weapons, states transfer large quantities of weapons, grade, and rich uranium or to non nuclear weapons states. this constitutes a serious risk of nuclear proliferation. the u. s. president, a u. k prime minister and australian piano announced plans to develop a new generation of subs that will be built in the u. k. and australia with the u. s. technology and support the new subs the field by weapons grade,

highly enriched uranium and condemned to service in the late 20, thirty's, or early 20 forty's, australia's foreign minister has asserted that the vessels will not be nuclear armed and would baffle not to violate non proliferation commitments well, that says the us has praised the controversial new deal, calling it a prospects of peace stag at the inflection point in history. where the hard work of financing deterrence and promoting stability is going to affect the prospect a piece for decades to come. the united states can ask for know, better partners, you know, pacific were so much of our shared future will be written, can understand direct to all the sense of accounts, hedge a monic, studies that say the submarine deal means australia has been increasingly dragged into the u. s rivalry with china. undoubtedly there isn't the bearing influence of us on a straight and governments of all stripes. basically that it's considered

a security umbrella. ironically because it's a war with china confrontation. china is probably the most dangerous thing that a strike could face in security threat terms. so being dragged into this, into the u. s. apparel, unstoppable mood to confront. china and china's said this very clearly that by hitting for a confrontation, basically there's nothing that could be more damaging to a strong security and trade interests. it's a subsidy in many respects of us war machine in this part of the world. and particularly, i'm that the south china sea, it's linked to that strategic move of confronting and trying to contain china and trying to provoke and divide china. and all of the, the large military purchases by, by the stranded military had largely been so that the strategy could be a i l. g, 's hillary to integrate with us forces in their various was whether it was vietnam

or rock or syria. that sort of gratian is the point of having some weapon systems keep up to date with the latest news updates by shaking website r t dot com. thank you for choosing the ah

ah, china has performed a master stroke of diplomacy. it is brokered in agreement that we'll see a ran and saudi arabia again reestablish diplomatic relations. this could be a step not only to reorder the middle east, but also usher in an era of stability in the region. today. washington is the odd man out every year on march, the 16th hundreds of people gather in the center, agree go to commemorate the land fans who fought with nazi germany in beth and assist attachments during world war 2. this day is known as legion in a day, a c t's the belief among the many common leasing that was with me. paula just got started with advocates of the veterans claim. the lengthy and soldiers had nothing to do with the trustees committed against.