tv News RT March 16, 2023 6:00pm-6:30pm EDT
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ah ah ah, the european central bank raises interest rates to its highest level since 2008. the global financial system is say, can buy face up another meltdown. is ready way to the palestinian city of gin in report to believe that these were dead, including a teenage boy and in the dismiss is me the report that he's prepared to implement the western side of the oil price cap against moscow. as the asian countries important crude from russia with
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very welcome from all of our team here in moscow, this is on the international with the very latest news update. now, despite pressure from the west, the russian economy has overcome challenges on this turns to growth. that's the message from vladimir putin doing a speech at an entrepreneurs union meeting in russia. and i would always computer, which i teach, we have managed to compensate for the actual closing of western markets to us and to expand russia's foreign trade contact with nations in the worlds fastest growing regions. you know that in previous years, before all these crisis and special operations, we were orienting ourselves, 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 without south high inflation in
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europe has its central bank raising interest rates by half a percent. we can get to record levels. no steam 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 e. c. b interest rates by 50 basis points in line with our determination to ensure the timely return of inflation. 202 percent magenta and target. i think 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 hike will bring it down to 5.3 percent
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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 these projections for what raid hike 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 it 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
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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 gases, attempt to blame, shift to russian president vladimir putin economic management. and thus, despite contending with a whole mountain of western economic sanctions, can usually they would meet with you on the yield of the projected level of inflation at the end of march. is of course lower than that of bureaus on countries which continue to wait for the collapse of the russian economy and try to convince themselves and our partners 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 that apply store economy. protein isn't just looking at this mountain of sanctions, are going all man, that's a law lighting the economy slide using them as an excuse while to shrugging it off
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and blaming someone else. he's taken the bull by the horns, but meanwhile, the gout sounds like someone who got divorced a year ago, but it's still complaining about their acts. at some point, it's entirely a you problem. and you can't he blame 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 c p is having a hard time doing right now. well, this comes hot on the heels of financial turmoil in the u. s. where the collapse of teenager banks has sent ripples throughout the financial world. the shut down of silicon valley bank became the 2nd was to such event in u. s. history. treasury secretary, janet gallons being grilled in congress over the crisis and tried to convince sentences that it's all under control. but some didn't buy it. does it president no personally, any body who was dependent upon social security and their benefits were cut by 24 percent. they will slide into poverty. it's hard for you to know. so give your
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house and the president knows many people on social security. why doesn't the president care? he cares very deep and where is his plan? he stands ready to work with all law rest 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 ellen claims the economy is sounds, the u. s. federal reserve could be preparing to inject the 2 trillion dollars into the banking system and a desperate efforts to avoid a meltdown. that's according to analysts from j. p. morgan chase, that prediction is based on the amount of uninsured deposit says 6 us banks. the government is now point to potentially pump trillions of dollars into the economy under the bank term funding program, which was set up earlier this month following because of 3 major lenders. petition,
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american investor mich feinstein, say the move could only lead to more inflation without actually addressing the root 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 in which is diversity,
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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, the 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
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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 while back during the financial stamp of 20082009 washington turned to china for support as then secretary of state hillary clinton, praise paintings investments into 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
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dropped a little since $2000.00. the money was spent on you know, accuracy in the for example, bella and ro initiative now, especially after last year. ok with did you bring crime? says that the world see that the fantasy of the us treasury bank, the so called the safest asset in a well seems to be no longer true, especially when the us of things that you know, they could repeat its actions to washer, to other countries. they could freeze the information. there are other countries hot or, and so no us, you pushing china the so hard about starting a war about the situation in taiwan streams, so on. so china would have 2nd rooms. the u. s. federal reserve has announced it will launch a new instance payment service called fed. now in july,
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the system which has been in the work since 2019 is aimed at facilitating nationwide payments around the clock service. say the fed is simply trying to supplant the potential block chain based digital dollar questions of now be raised over the future of so called stable coin crypto current fees in the us. geopolitical. as market analyst com longo explains how a new service may affect the financial environment. is the federal reserve, the source of dollars in the world? yes. our stable coin synthetic dollars. yes, 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 a m l, k y c laws in place all over the place. and we can't, i mean we threatens 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 m l k y
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c. so this is we haven't had financial privacy from that perspective and united states in the dollar market 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 on the 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. there's outrage on the streets of paris as protective clash with police following the scandalous introduction of a widely unpopular pension reform o riot police have moved in to quell unrest in central powers of furious crowds. events that anger president microns government's rallies have been waging across the
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country for months with police using tear gas, water cannon and that's hones to push back protesters those days wired, follow the french prime inefficient to raise the retirement age from 62 to 64 without parliamentary occlusal now minis. oh, our position, i'm p slammed. the move has on democratic and boot the prime minister as she was making a speech. the bill was due to be put to a vote before lawmakers in the lower house of parliament. but the premier implemented a constitutional article that allows to push through a reform without the approval of an peas. the measure has now passed away for a no confidence vote in the national assembly, which is reportedly expected to take place soon. oh to palestine. now we're at least 4 people, including a teenage boy have reportedly been killed in an israeli rate on the occupied westbank city of jenin. ortiz middle east, corresponded to maria for national,
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has the details. the idea says that earlier and cause a special forces tracked and killed 2 wanted to men who were believed to be involved in significance, terrorist activity, and one of them introduce an explosive. it was, you're in yet another mil through raked in the city of jeanine in the north, although through white west bank that he's willing to be the heart of college student resistance. the idea of statement says that both men were neutralized while they were armed. apparently the 2 gunmen belonged to local branches, all is wanting to hot and hammers. milton groups, the spokesman of both of these organizations, reacted already calling this killing a crime and threatening with revenge. the have statement also mentions another victim. a young fellow man was killed on the support 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 really forces
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on the grounds. the tensions escalated all the west bank thing. thing use railey government was born in and late december the most far right in the country history . they chose a very hard wind regarding the palestinian affair, as there was an increased number of arrests and killing sent military rage of israeli army intensified advertising according to reports. more than a few palestinians have been killed by israeli 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 escalated again last week, dramatically half through these railey courses, killed 6 palestinians again in janine including those the israel plains, responsible for how why rush shooting, but the lives of 2 israeli brothers. as you remember that the attack provoked unprecedented hope runs off and other probably seen in villages and towns in the area by israeli sadler and then one policy and man was killed and dozens of homes
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and cars were burned. these really authorities then did not announce any arrest or prosecution of those responsible for these attacks between pirated sites. it is determined to pounds. terry's b international community i have to say has been very much alarmed recently by a circle of violence on the ground calling on both sides to come down. as we can see, the tension and have been only writing, we discussed the developments with the head of the palestinian national initiative . you say the international community needs to act. now what we've seen today is another massacre. this is the master on me conduct in binion to bite use before that there were 2 other goods in janine nablus. what happened today that there can 4 people, including her child, and this is what we shall act on, which is,
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but i really think it's going to suppress and enforce labor on them. what kind of been very dangerous, especially that happened while the other countries i'm very me think in chatham is yes, i believe is using these meetings only as a cover for crimes. what happens is really making called very angry, especially after the killing of these 4 young people. and what we need is really strong international action to enforce forces, to stop these aggregations and massacre again. reports that india is ready to join the g 7 block in imposing a price cap on russian oil on nothing more than misinformation. as according to moscow on bus that the new delhi, as well as a source from within the indian or ministry,
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which reuters science and saying india is not obliged to follow western policy. well by turning back on its energy sanctions. new italy has achieved a boost in oil imports from moscow, which in january this year hit a record high of $1700000.00 barrels per day. versus explosive oil to india have jumped from less than one percent to a quarter of all supplies compared to march of last year. according to the us treasury, department western functions of have little to no effects on the worldwide 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. price cap on russian oil was imposed last year by g 7 members, and the e. u is setting the limit, is $60.00 per barrel. according to washington, brussels is now considering to lower the limit to 55,
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mostly responded by banding oil sales to any country that follows the restriction. the indian foreign ministry spokes person has dismissed the reports that india is joining western sanctions. speculation. so i'm extremely uncomfortable talking about reports that maybe that 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 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 i'm doing because they were too busy with you all up and what it was, it was because it was with respect to russia. but later on, when the started realizing that india is buying and buying in larger numbers, it actually, i think it struck them and it's like nothing blind. i think it's which happen that
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the people from india especially find products the beavers. ok. 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 on russia inside they put the gap on the fine 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, you know, not europe, is it, he's not buying from russia. the u. s. government has charged a new york based chinese business man with $1000000000.00 fraud and money, laundry apparent,
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get them on half and federal court school when way pleaded not guilty, but as being detained without bail. mccall is a former real estate developer in china where he became one of the country's richest people. however, he grew into a 5th critic of the communist party and fled the country in 2014. he was granted political asylum in the us in 2017 of the claiming he was persecuted by beijing. us, prosecutors now say he lost his money in the country through a network of n g o. american authorities seized a more than $600000000.00 of gauze assets from $21.00 different bank accounts ortiz, caleb moore, pen, investigate, well, go one way has been arrested. and the allegation that he's being held without dale ending these charges is that he perpetrated a fraud for roughly a $1000000000.00. now, china has called him a fraudsters since 2017. the chinese government issued an arrest warrant. the inner
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poll put out a red notice on him, and he's been considered to be a fraudster and a financial criminal by the chinese government for a long time. however, the united states gave him asylum in 2017 and he was described by his lawyer as a whistleblower. he's used his social media platforms to criticize the chinese government. he's been for trade in american media has some kind of hero. busy and chinese dissident speaking up against she's been paying now gowen gray has been using his social media platform from the united states to raise a lot of money. and he's been bashing the chinese communist party, calling out and condemning and accusing the chinese that platform to raise money. now the allegation is that he funneled lots of the money that he raised into personal accounts that he was claiming he was going to start a crypto currency. he was going to start a citizen journalism company i. he had many business endeavors that he was raising money for the allegation,
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is that in reality he was simply funneling all of this into his personal accounts, living a life of luxury spending and on yachts and other personal personal luxurious enjoyments . now, at this point that he has been arrested and many are wondering if this is an example of blighting bias in american media. now it is us officials who seem to be confirming and now charging him with the very kinds of crimes. the chinese government accused him of committing and it seems like the u. s. officials were looking the other way and covering up for his fraudulent criminal nature when they saw him as a useful propagandist against the chinese government. and it shows that us officials have a, have a kind of interest than willingness to overlook certain criminal activity. the 3rd geopolitical and the recent arrest seems to reveal a level of hypocrisy. it's worth noting that gallon gray at one point. busy was was on flights with tony blair, you as part of the mar largo club with donald trump,
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and that he received kind of a heroes welcome and special treatment for us official. despite it now being pointed out by us officials, he's facing very serious charges of being a fraudster, political and financial analyst. angel, juliano told us that the us is no stranger to taking in corrupt foreigners who oppose their own governments. usually those oligarch that actually leave the country and take refuge in the us. they a lot of them are vague, corrupt, and they are protected by the us. as long as the work for regime change at home, he was a taller in exchange should be protected by the us. now, keep in mind that those people are disposable. now he's being, you know, the, the took him because, because the embezzlement, the deeds in china, you repeated them in the us. and here's the wrong, our lives. if he was an i lay of by then you can be sure that you wouldn't be in
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jail. now divide and conquer. in the case of chinese about containing china being as much chaos as possible, weaponized the ones issue. so this is nothing new. again, no lead me to what do us government can do for is national agenda, which is which is imperialistic agenda. it's not a national agenda. a monstrous act. that's how the russian orthodox church patriarch reacted to ukrainian or ortiz order. the monks should leave key of perchance, monastery. one of the orthodox space, most sacred science, ukrainian authorities have given an ultimatum that the monks that could stay in the shrine if they left the clergy and switch to the break away orthodox church of ukraine or leave. russia has called on the united nations to assess key actions with the un chiefs press secretary responding that the organization has limited
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information on the case rushes. foreign ministry spokeswoman criticize the wens lack of action. if you can't give a comment after a direct appeal from the monks to the international community megan several languages than stephane admit to being biased and do not put this on the united nations. that it's a complete loss of credibility or a political oda to regularly claim that you don't know anything about what is happening in ukraine when you boast regularly visit ski. if the last time, as recently as 8 for march causes distrust in the un and it's secretariat. very reverend zocker was thought joe, a professor of theology at the university and east in sarajevo. so it is not in key of interest to preserve the safety of the russian orthodox religious community. morbid genius of persecution, of the month, from there minus race, or taking place. so it's, it's the situation in which i don't believe that ukraine is not going to do
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anything. busy busy according to the international law and the, according to the us chapter of human rights are decades of, of constant persecution against the ukrainian or the church. but since march of the veteran countries and officials perceive the grain are so sure of the part of the russian orthodox church and since you're as ever so for the common sense among the best lease right now, i must say i would, i would not be surprised if we do not think i said, i don't think that they are going to even hear up the monks and the cause for religious rights to be preserved. today's ukraine fold later, start date. you can take on a website, he dot com. thank you for choosing auto international. the
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slowly but surely legacy media support of the west war and russia is changing. ukraine is not winning in hardly likely to win in the end. propaganda is at times powerful but hard cold facts. eventually, drum fables written by the leaves, mediocre scribes willing sober to the to, you know, cranium didn't show any idea. she attack lean chip for control input your board. so she'll get them awarded. system really did not seem to but we can do a room dish a okay. excuse that to where you store lot of the my subway. but just dory. yes or no. sal if she ever least get us whichever we ship
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a gift or she will take him over to them. i need a new train schools for that. for a while. i'm on the beach for a chilly beach with global. i'm saying years about how she took on a job these to brought the enough sleep few quick to take pictures. well, go double play. you have j closer, but i'm up with you. so i will never be a victory for russia. with solutions you will, you're still materially done by you look at a meal. ukraine war is a proxy war. this is a war between russia and the united states. naz on are made. it comes to last. you get done in carbon dioxide. america forces are and you're not in your
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gauging conflict, aggression forges, the american forces are here and defend nato allies. what happens if nato escalates even more than the special military operations become a war when you, but they'll set of rules that dealership and that will, that doesn't, is my thought. i see it. i see your to us thinking costliest really live. so you sleep issue, you can you stuff to with only just don't finish there in your sewage. never speak of the girl who's with when we think of micro chip bang we.
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