go double play, you have to go. so good. i'm approved with your pm central bank raises interest rates to its highest level since 2008 as a global financial system, a shake of by phase of another meltdown. and he's ready ready to the palestinian city. all the gym in reported. he leaves at least 4 dead, including a teenage boy and india dismisses media report to be prepared to implement the western prox oil prime cap against moscow. if the asian country, the importance of food from russia reach new rep with

very warm welcome from all of our team here in moscow. this is all t international with the very latest world news update. good to have you with us now just by pressure from the west to the russian economy. how's i become challenges artist turns to growth vast, the message from vladimir putin during a speech and entrepreneurs union meeting in russia now would always compete 0 for kids. we have managed to compensate for the actual closing of western markets to us and to expand rushes, foreign trade contact with nations in the worlds fastest growing regions. you know that in previous years before all these crisis and special operations see we were orienting ourselves and step by step towards rapidly developing markets anyway. today, a different situation has taken shape where it turns out that we were not doing this in vain. moreover, if we were doing it at 11 slower pace that we should have those, but this is fine too. we continue making strides. what else is high?

inflation in europe has a central bank raising interest rates by half a percent. bringing it to record level is now seen since the 2008 financial crisis . inflation is projected to remain too high foot too long. therefore, the governing council to day decided to increase the 3 key ease he be interest rates by 50 basis points. in line with our determination to ensure the timely return of inflation. 202 percent medium term target. a thing that the banking sector is currently in a much, much stronger position than where it was back in 2008. even with this new half a percentage rate hike with sacrifices economic growth to break rising inflation, it doesn't even look like there's going to be that much relief this year for europeans. the current overall inflation rate was 8.5 percent last month and the easy b optimistically figures that this new rate height will bring it down to 5.3 percent

in 2023. so this year and maybe 2.9 percent in 2024 maybe. but of course, all of this could be thrown right out the window by the big elephant in the room right now, which is of course, what law got downplayed as quote, financial market tensions. the easy bees projections for what grade height would be required to bring inflation down to the levels they're projecting here. did not take into account recent events that sent european bank stocks tumbling this week. as a result of new us bank failure, sending shock waves across the atlantic to europe. maybe they should have taken an extra day or 2 to work that into their projections. instead of acting like school kids who couldn't be bothered to update their assignment before presentation day, instead like out basically just avoided addressing altogether. what she did want to get in as per usual, however, was a job at russia. she said, quote, russia's unjustified war against you, praying in its people continues to be a significant downside risk to the economy and could again push up the cost of

energy and food. now, europe has had a whole year to adapt to the economic damage that it impose on itself by cutting itself off from energy coming from russia. compare law gallons, attempt to blame shift to russian president vladimir putin, economic management. and that's despite contending with a whole mountain of western economic sanctions. can usually get nutrition around the field of the projects at the level of inflation at the end of march. because of course, lower than that of bureaus on countries against that, which continued to wait for the collapse of the russian economy and try to convince themselves and our fortner's that it will happen. but let's recall the words of a famous american writer who said the reports of my death are greatly exaggerated. austin, that applies to our economy. 14 isn't just looking at this mountain of sanctions, a going all man, that's a lot lighting the economy slide, using them as an excuse while to shrugging it off and blaming someone else. he's

taking the bull by the horns, but meanwhile, a gown sounds like someone who got divorced a year ago, but is still complaining about their acts. at some point, it's entirely a you problem and you can't keep laying your former partner for the rest of your life or failing to get your act together. and that includes rising to the occasion in times of adversity, which obviously the e. c. b is having a hard time doing right now. this comes hot on the heels of financial turmoil in the u. s. where the collapse of 2 major banks had sent ripple was throughout the financial world. a shutdown of silicon valley bank became the 2nd was such event in u. s. history. treasury secretary john, it's yelman's being grilled in congress over the crisis and tried to convince and it says that it's all under control. but some didn't finance. does the president know personally any body who was dependent upon social security and if their benefits were cut by 24 percent, they will slide into poverty. it's hard for you to know. so give your house and the

president knows many people on social cigna. why doesn't the president care, he cares very deep. and whereas his plan, he, he's stands ready to work with guess whole law risks because on a bipartisan group of senators has repeatedly requested to meet with him about social so that somebody who is a current beneficiary will not see her benefits cut by 24 percent we have not heard anything on our request. while john and ellen claims the economy is sounds, the u. s. federal reserve could be preparing to, injects up to 2 trillion dollars into the banking system and a desperate effort to avoid a meltdown. but that's according to our lists from j. p. morgan chase. that prediction is based on the amount of uninsured deposit. it says 6 us banks. the government is now poised to potentially pump trillions of dollars into the economy under the bank can funding program, which was set up early this month following the collapse of 3 major lenders,

british american invest that mich feinstein phase. the move would only lead to more inflation without actually addressing the roots of the problem. the federal reserve is going to offer the banks to have $1000000000.00 worth of securities, treasury securities, $1250000000.00 in cash. this is just extreme leverage and it will be highly inflationary and terrible for the economy there as far as the banks solvency . look, silicon valley bank was the woke bank. we had, i had dealings personally with them and i didn't find any of their senior people that i dealt with competent at all whatsoever. and in fact, we pulled our money out of the institution in 2018 because they didn't meet up to my standards. so silicon valley bank basically based all their lending decisions and their business decisions on d. i. and which is diversity, equity, and inclusion. and e s g, which is environmental,

social justice and governance. and so the, the problem with doing that is you put all the business aspects aside. the problem that they've created for themselves, the federal reserve is they printed and magic up hundreds of trillions of dollars in implicit guarantees. and to save and bail out, billionaires and bella, the banking system, has that helped. it hasn't help. what about f t x? he stole $10000000000.00 and customer funds and he was out on bail. but i guess that has nothing to do with him being the biggest contributor to the democratic party with 2020 election cycle. they're in a very, very awkward position right now. and there will be higher inflation because of this 2 trillion dollars. and because of this program, it's an insane program. it makes no sense whatsoever. will impact the consumers. yes, it will make things more difficult to purchase because all prices will go higher energy prices because oil is trading artificially lower right now. when it trades

much higher, it's going to be extremely problematic for most of america. and it, it will be impossible for consumers who are living hand to mouth to make ends me well back hearing the financial slump of 20082009 washington turned to china for support as then secretary of state, hanover kens and praised paintings investment since the u. s. economy, it would not be in china's interest if we were unable to get our economy moving again. so by continuing to support american treasury instruments, the chinese are recognizing our interconnection. we are truly going to rise or fall together. we are in the same boat and thankfully we are rowing in the same direction. it's a good investment. it's a safe investment. even despite the economic challenges sweeping over the world, the united states has a well deserved financial stability, reputation. the share of the china is holding up, the us treasury actually has dropped a little since 2012. the money was spent on you know,

equity in the for example, belin ro initiative now, especially after last year. ok, which is ukraine. crime says that the world see that the fantasy of the us treasury has been the so called the safest asset into well seems to be no longer detrimental, especially when the us of things that you know, they could repeat its actions to washer, to other countries speak with fries the only the other countries had. and so now you're pushing china so hard about starting a war about situation in taiwan streams. so why so china would have 2nd forms. well, the u. s. federal reserve has announced it will launch a new payment service called said now in july, the system which has been in the work since 2019 is aimed at facilitating

nationwide and the payments around the clock. some observers say the fed is simply trying to supplant the potential block chain based digital dollar questions are now being re say that the future of so called stable coin crypto currencies in the us. let's get some insight as close life to our guest geopolitical and market analysts . tom longo. many thanks for joining us on the share this evening. so what's your take on the fed now and then what the u. s. government is aiming to do with this? well i, i live with this. why is the federal reserve the source of dollars in the world? yes. our stable coin synthetic dollars? yes. would they want competition in the printing of dollars now? and i feel the same way about stable coins that jerome held us, which is thinking from pals perspective, why would he want to have more synthetic dollars running around claims dollars or, or,

or we can now we want scripted dollars as opposed to having already destroyed in many ways the leverage in the offshore dollar markets by raising interest rates over the last year and a half. so it makes perfect sense that at the same time that they're about to launch their own payment layer, which would rival all the sable points that they have pretty clearly taken the acts to over the course of the last year that this is now the time to roll out that now i think it's something that that has needed to do forever because it's ultimately we're dealing with the payment layers are moving technologically. they're moving ahead of where we have been. right. so, you know, switch needs to go away. all of these are old institutions and all these old technologies need to be swept under the rug. but there's no way that the federal reserve was going to give up their right to control the number of synthetic dollars that are running through the system through the mobile systems. matter of fact, doing the exact opposite, which is why many, many people, including christina, regard over the should be your screening right now. okay. so how do you expect that

now to affect the crypto currency markets? it is what extent as especially when it comes to stable coins. i think the civil courses are on that cross here. i think that if i didn't have any problems, pal's been very clear about this is like i like big point replaced on. i don't have any objections to big one, but he has said quite clearly that he does not like stable points. and that was your key to understanding why it isn't his race. like i said, like he raised interest rates as effectively ers quickly as he has. it's been my intention to the last year so that the fed really isn't about raising interest rates to combat in place. this is the wrong type of inflation for them to fight with interest rate high. their goal was to knock out the exhaustive leverage after that existence in the offshore dollar markets. after 15 years of 0 bond interest rates, which is his that is ultimately and tells me very clear about this. that's his job . so stable points and crypto market are another source of leverage within that

quote unquote, offshore dollar system. just think of off shore now being on the internet and on block chains as opposed to being in europe or hong kong. and it's the same mechanism. so that's, i would think the best way for you, for us to, to look at this and why the fed want to coordinate the taking down. i think they took, they were instrumental to take down a silver day. so i saw him dolly bag and anne's signature bank because they were all mucking around in the stable quint markets. certainly they were all involved in the usb coins. so it makes for his perfect sense to me. i saw that one of the major pills of crypto currency just being able to exchange them anonymously, which can't be done with a traditional bank account. so well can governments really offer as no tentative to that? well, this isn't rumored, this isn't a a retail currency. right? this is not a thing that you and i are going to use on the, in the, in that respect there is no financial privacy in the united states. we have am l, a k y c laws in place all over the place. and we can't, i mean we threaten this,

the swiss with swift expulsion back in 2010 for opening up their their, their wanted privacy rules on banking because we wanted them to comply with l. s k y c. so this is, we haven't had financial privacy from that perspective, new united states in the dollar markets for ever. so that's not what i got even part of the equation here. what is part of the equation is there, you know, people want to use crypt where they want to use. if they want to script out to move money around, powers telling you you're going to do it with big coin. you're not going to do it with stable points. you're not going to use stable points as a means by which to build, you know, virtual banks that they can't control and or regulate. that's what this is about. many thanks for joining on the program. really great to get your insight into the matter. jeff and it's cool and market analysts come longer. oh, well, his outrage on the streets of paris. his protest is clash with the police following the scandalous introduction of a widely unpopular pension reform. ah,

riot police moved into quell unrest in central powers of furious crowds, vent that anger at president microns government rallies have been waging across the country for months with police using tear gas, water, cannon, and baton to push bad protesters or thursday with these riots. follow the french prime minister decision to raise the retirement age from 62 to 64 without parliamentary approval. oh, now minis. oh. and as you can see, opposition and p slams to move across a can boot the prime minister as she was making a speech. a bill was due to be put to a vote before no make hasn't been lo, house of parliament, but the premier implemented a constitutional article that allows to push through a reform without the approval of and he's the measure has now passed the way for

a no confidence vote in the national assembly, which is reportedly expected to take place. oh, take you to palestine now where it is for people, including a teenage boy, have reportedly been killed in an israeli rate on the occupied westbank city of chin in ortiz, middle east correspondence. maria phenomena has today's house. the idea says that earlier and says a special courses tracked and peeled to one to the men who were believed to be involved in significance, terrorist activity, and one of them introduce and explosive it was you're in yet another mil through weight in the city of janine in the north, although quite west bank that is believed to be the heart of palestine and resistance. the idea of statement says that both men were neutralized while they were armed. apparently the 2 gunmen belonged to local, run. all these wanting to hard and how much milton groups, the folks men of both of these organizations, reacted already calling this feeling a crime and threatening ways,

revenge. the idea of statement also mentions another victim. a young man was killed on the spot while apparently trying to attack these rally forces with a heavy hammer. they probably see in health ministry says that he was a 16 year old boy. there was also an exchange of fire between these railey forces on the ground, the tensions escalate. an old from the west bank thing. you israel, the government was born in late december. the most far right in the country history that a very hard line regarding the palestinian affair is there was an increased number of arrests and healing can mil to rage. all the israeli army intensified advertising according to reports more than 80 pallets teen and has been killed by rarely forces since the beginning of this year, most of whom were identified by israel as terry. but they were also buildings among them. the situation is collated again last week, dramatically half to these railey courses killed 6 palestinians. again in janine

including those the israel claimed, responsible for how why rush shooting, but the lives of 2 israeli brothers. as you remember that the attack provoked unprecedented runs off high water and other palestinian villages and towns in the area by israeli faster. and then one probably senior man was killed and dozens of homes and cars were burned. these really authorities then did not announce any arrest or prosecution of those responsible for these attacks between 2 races, but it is determined to pounds it carries the international community. i have to say has been very much alarmed recently by as circle of violence on the ground holding on both sides to come down. but as we can see, the tension have been only writing. we discuss the developments with the head of the palestinian national initiative, who say the international community needs to. now what we've seen today is another massacre. this is me conduct in and

it's been 2 by 3 years before that. there were 2 other goods in janine nablus. what happened today that the 4 people including her child and this is one of the act on which is but i think it's going to suppress policy and enforcing the slave went on them. what had been very dangerous, especially that happened while the other countries are very amusing to miss. yes, i believe is using these meetings only as a cover for crimes. what happened to be making, or very angry, especially after the killing of these 4 young people and what we need the really strong international action to enforce forces to stop these aggregations and

massacre again in a con on the scum. that's how russia's foreign ministry spokeswoman has labeled denmark's refusal to let moscow joined the investigation into the bombing of an old stream, pipelines. denmark, sweden and germany will have rule of law and one can have confidence in our investigations. we have told the russians that we will investigate this thoroughly . and when we have done that, we will announce the results of that investigation. last september, the north stream gas pipelines from russia to germany were crippled by several assembled tiniest explosions at the bottom of the baltic sea, near denmark and finland. that european countries immediately called it as sabotage and opened an investigation into the incidents, but have so far, failed to disclose any details. russia has been blocks from joining the prob last month. police surprise when seymour hersh revealed allegations that the u. s. bonds the pipelines to deprive western europe of cheap russian gas. well,

let's discuss their lives now with glen days and political scientists. don professor at the university of south east in norway. many thanks for joining us on the program. it's good to see. so why do you think danish for the danish foreign ministry had decided to keep russia out of the investigation into the new stream bombings? well, i can only speculate on their intentions, but there would be either be because of the current tensions over the conflict in ukraine, or it's because they say might have something to hide in the topic about what the possible findings will be. again, i, i can't know the reasons why they don't want to share this much. it's, it's very suspicious i would say, and it's, it will be, it runs contrary to the, you know, the process of developing trust. certainly if the situation was reversed to us,

russia who was investigating and refusing any access to, to danish investigators. and certainly this would be criticized. so i, yeah, i would say this, it's a suspicious. yeah, i think are the wrong decision. it isn't just, isn't it? because if your opinions really have nothing to hide and why not just let the russians join the probe, which is what many people will be saying? yes. and the argument, so, you know, they have a rule of law. and so for this reason, everyone should trust them. and there's some weakness by this because this whole process has been very dubious from day one. keep in mind when the pipeline was attacked all this year, pm and american. and americans argued that, you know, all evidence pointed to russia, but no one wanted to release what this evidence was that was pointing to russia and were told that the intelligence agencies knew that he was actually, you ukrainian,

the pro ukrainian group who done it. but they didn't say anything because to have to protect the ukrainians. now, in other words, i don't believe the story would just have to say, but it's an interesting admission that they knew it wasn't russia. and yes, they accused rush of it anyway. so. so obviously there's already been plenty of lying efforts of framing, russia, i, i don't know what the closing arguments would be. how can use one hand, say from day one it must have been russia and then say, i know we were actually hiding it because one is a protective crane, is it? it doesn't make any sense. so. so given that it's all the investigation been there, murky from day one, i think trust building certainly would require giving russia access to this investigation is not direct participation. we have the revelations by police,

surprise, when i see more heard, they were quickly followed by and other accusations pointing the finger in different directions that now despite those accusations by the u. s. bond the pipelines washington is just refuse to take comments and all law is an investigation site of the sabotage happened in europe. fall far away from the u. s . what do you make as best excuse? well i just, again, it's very low credibility, and i think it's also suspicious and it won't seem, or her seymour hersh is, must be the most respected investigative journalist to risk his report was immediately dismissed or ignored. and meanwhile, now when they come up with this new report saying it was a pro ukrainian group and immediately state is, is accepted as the gospel. so i think it's obviously very dubious. and buddy, i also have to say this, this whole merits and we've had from day one is very strange because you had in the

united states. many senators, president biden, you have the tory and newland the oldest people, threatening to attack and destroy the pipeline. and before rushing it and then afterwards when the pipeline had been blowing up with now see all this people from blink and things a tremendous opportunity in the store in new lansing us, me and the government are happy to see this being blown up in the bottom of the baltic sea, and meanwhile in europe, we're not even allowed to say that some of us anything to gain from it. so or the other side of the atlantic, that is pretty much celebrating this, the destruction of the pipeline. and in europe we, we, we can't even say that they had an interest in the destruction of the pipeline. so . so my, my point to simply from day one, this been a lot of dishonesty around this. a lot of media control, not the transparency at all around the in investigation. and so again,

i think trusts should be rebuilt. we need transparency, which means giving russia access a slow. many thanks for joining us on. the program is great to get your inside and your thoughts on this glendale and political scientist on professor at the university of south east in norway. thank you. my pleasure. i report that india is ready to join the g 7 block in imposing a price cap on russian oil and nothing but misinformation. that's according to most goes on the new delhi, as well as a source from within the indian oil ministry, which reuters science and saying india is not obliged to follow western policy. well, by pony is back on energy sanctions. new jelly has achieved a boost in oil imports from moscow, which in january this year hit record high of $1700000.00 barrels per day. rushes exports of oil to india have jumped from less than one percent to a quarter of all supplies compared to march last year. according to the us treasury,

department, western sanctions have had little to no effects on the world wide trade of russian oil about 75 percent of the trade of russian seaborne oil occurs outside of the price cap. that means no western services are involved in the transaction, and therefore, these trades do not violate, or vate sanctions. the price cap on russian oil was imposed last year by g 7 members and c, e. you setting the limits at $60.00 per barrel, according to washington, brussels is now considering lowering the limits to $55.00, almost responded by the bonding oil sales to any country that follows the restriction. the indian foreign ministry spokes person has dismissed the report that india is joining western sanctions a speculation. so i'm extremely uncomfortable talking about reports that may be there. i don't know which of what you're referring to. so let me just clarify. i don't want to comment on speculative media reports, we're repeatedly made it clear that our approach will be guided by out energy

security. i meant to heard this many times and i think that continues to be valid. let's think that case study of india and india was buying and continued buying. and in fact, started growing the amount we will buying before the war. i think we will buy hardly one posts or last year beginning from russia. and now we're at about $45.00 posted initially, the west, the us and you ought to be kind of ignored what didn't win because they were to be with you all up and what it will they will figure the most with respect to russia. but later on, when this started realizing that india is buying and buying in larger numbers, it actually, i think it struck them, and it's like nothing planned. i think it's unplug unplanned, you know, still, which happen that the, the energy needs of your, of our know, been fulfilled via india, especially that applying products, the vehicles. okay. the petro, supposing this diesel was taken off the market, right? the market, the market for diesel would have gone somewhere else. so now the us,

we have relates to india, that this is looking to be good, a mac, either them for your to say that they're not buying, you know, the refined products from russia inside the gap on the fine furnace also now they're buying the refined products which india is fighting from the last year. so they've getting to have their cake also in a way and still claiming that they are in europe. is it, he's not buying from russia. but if i say keeping this company here in asi international, i will be back in a ah .