especially coming from a european at the moment of the medium. disappointing at the very least, but shameful as if someone would call it out of the room. it doesn't cause to have sway and some holes to combine the language which they use. and i suppose to be very careful around how to use language, but methods ego has made in these comments which are not necessarily human themselves that were made on the. busy 6 of april in the u. n. building in my room. that was the operation department in attendance, but some of the attendees with a phone importance to report on the made by mister t dot, saying that they follow them insensitive and the very least v african who would like to condemn in strongest terms possible. the insulting racist and degrading utterances. so let's go here as been already uh, been in the process of uh,

catch creation back. julie is homeland in romania, totally not only and yet. and for that is the statement in which they apologized. choose. anyone who is affected is saying that they do not come to any such behavior, particularly statements of the race to the nature of the g houses, or by long period, which is why i was pointing to buying the bunch were made. but the photos of the comments that were made by and joe was the brass beautiful. he said bob and so we have built a garbage advert actually works is the best combination of, of political freedom, economic prosperity and social cohesion. that the human kind has been able to build this 3 things together. the rest of the world, most of the rest of the goal, it's a jungle. and because you photos a lot of those, you all come in,

but it's been made by the legs with, in the european union as it were, is really a disappointment. and it is when he reads off of this respect this week of say is most decorative solid deal is found complicit in the mode of 3 f gunmen lost on deployment. the routing gave as a ben robot. smith's last a defamation case, doing a number of newspapers. the verdict shed light on a little crime was committed by australian forces and the western coalition. in the country. i have found that robert smith was completed in and responsible for the murder of e k. i a 56 in 2009, and the middle of audi john a double on the 11th of september 2012 and the manager of the african male at to now to on 12th of october 2012. robert smith push tatty from the edge of the class

. the gun man was badly injured, but still alive after the fall. so rubber smith ordered. he's subordinate to shoot at a dead 3 years before that the australian war hero executed a disabled man. well, also, or the re murder of another elderly f gun. both men were unarmed. they were simply hiding in the tunnel when nato troops took them hostage. if you're thinking it couldn't get any worse, listen to this. after pushing the disabled man to the ground and machine gunning him to death, robert smith decided to toast his soldiers by drinking from the guns prosthetic leg . however, he tried to deny these accusations in 2018, 3 australian newspapers, the sydney morning herald the age, and the tender times had accused rober smith of these crimes. he then sued the newspapers for the information, but now the journalists managed to prove their accusations. and in general,

unlike some other war criminals, ben smith does not seem to be getting good press. i'd like to know, but smith to reflect on the papers he led the man to keep the place. the asking village is uh, that's what we have to give us fairly as some credit, unlike the united states, tunbridge, choose this to hold it's war criminals. accountable washington. however, price is a responsibility for its atrocities by sanctioning the international criminal court for investigating american troops and america's closest ally the united kingdom is trying to keep up with his big brother. news

. it seems like these investigations have only scratched the surface since war crimes have long become in nato coalitions, signature style. how many more atrocities has been covered up by the western governments? another question. well, trillion still keep been brothers smit portrayed in their war memorial. and it's $1.00 to $20.00, an official report by the also in the fighters. both is revealed. 25 soldiers had executed, 13th 9 afghans. the murders have been covered up by emergency personnel. i'm, it was file senior officers had ordered low run. so it was one to kill, atkins weapons were also prompted on dead civilians to justify the shootings. the president of the after gas on governance association committees set up to improve

governance in the country, told us he believes, and there are many more trust as he is commissioned by nato forces. so i've been covered up the new ones, then united states soldier was convicted that inspired, you know, the hundreds of similar incidents and, you know, that took place and that's kind of sold by the, by the american forces and none of those involved. and most of these, such as the one which mr. smith has committed that has been changed, or l o l o. and of course has made any decisions that you wouldn't be program prosecuted. and uh, i doubt because mrs. smith is a, the, one of the, one of the loan. i'll show you the soldiers and it would be good, you know, defaming the ocean and armed forces. you know, the ac is the prosecution is

a much more trust with these, you know, the, the, the national commission that i've done this long and this is not the 1st time you know, the something like this has happened. it's not only those citizens, but also other major forces, you know, they have committed crimes and that's kind of some. so i doubt you know, that yeah, you're good. good. i mean to deal with the one being the prevention even in the future. you know, they wouldn't do it. no, i mean, they would know for prosecute. did it that and didn't get the man. and if you do, you know, probably do with news. it's a lot of people, you know, who set to go in and an army and they will not be interested to serve anymore. so i've, i've heard that risk losing up to $32000000000.00 in trade over is into, i don't see in the thing called, but that's according to an economist as so i'm unable to nice agent, the largest asset management company in south africa. she says the west coast

economic streams that it could pull together the e u on us account for 30.4 percent of total exports coming from south africa compared with russia, 0.23 percent. this means should jo, political pensions escalate and the west tax again, south africa. it could lose up to $612700000000.00 rent and export revenue that issued a warning to the south african government about listening incoming. ty is with the west. this comes as cape town, has adopted a sort of a non alignment with the western block on the plains conflict. i should say, johannes, but that it has abstained from a un both condemning russia refused to arrest by them and puts in under the controversial i. c. c warrant and continued economic admin fee corporation between the 2 countries by his customer, this top page, lead mapquest lives to our palo of experts. uh,

joining me today dealt with the video card. this legal i was i don't know got about the 2nd, the politician and the go button with those a janice, gentleman, thank you so much for joining us here today. i'd saved the page. that is all mine. let me start with the video card for you don't mind. what is your take on this. financial management organization may be a statement that could affect political issues, basically a good afternoon and thank you for the invite is some pleasure for me to be here about that question. i think the, the problem is the so talk for you inside golf fabrics breaks is the most of the big problem right now for the western countries for dressing countries, but not only for the western countries when we look for the u continent. but in the 1st think for the american government and the brakes maybe in the future,

we move to do all the jo, cannot exist them around the world. so this is debate. that'd be great for them, us and to some partners. in the same time, we see that there's a big movement we know guy. so talk to the guys, one of the player for that. and they cannot because soul shop area here and optic on continuing button. but people are here in this, in this deck region. so as of right now we see the some good, some countries to try it. so the doctor got to change that position about the wording, but people in the 1st in the 1st place. and what about the ukraine? for example, with the machine you cream is the so tactic, i sent a, a will always, and we don't test it anything about the costly to don't we don't go to the lab though, right? we stayed the same position in defense or to the to construction. the bill did a piece of the,

the in depth about that work. and we see the different move made to us and countries come during the our continents and tries to put in the mind of the some countries get to change that position. and we see the visits to south africa defeated dicks in most of the court example. there was simply we see did that movement, mr as well throughout the year, but definitely the meanest self ukraine you and also add them down the diplomats on us also here in so tax eco we have the same thing. so that is the, one of the debt to the western countries. try to make some pressure to a, to so tough, you could change that position. and right now you're going to, that's economics sector is so tactic. i need a debt black net to survive. because if you see the story go p you'd have in the, in the pass through simply passed as a task i have less. so, uh,

and there's some problems in different unexpected. and so testing that you did that the countries maybe you can exploit that condition to try to change that position. right. okay, so you kind of covered that a lot of subjects i want until the about, but we'll get back to it and we'll break it down. i've done it tonight. perhaps i'll see the next question. i mean, how important or how, how does a government and any applicant kind of, well, i think of that and for that matter, really take it when and i'm the economic who company likes family, gives a warning light doesn't take you on board or not. the gentleman i recognize avo to ours. so this i doug said go ahead, you need the so that the, we all taking on boards be wanting that was issued by spend the most of the wondering by the so that it could reserve bank that it for sees potential secondary

impacts of the sanctions. but it could be placed on so that it could because of its position on the rest of the claim country so that it is government describes it as a country between russia and nature. and even though it holds a non aligned position, it has been quite critical of the manner in which the conflict is played out. never the less is forced to consider the wandering issued by spending over the $32000000000.00, which would be placed at risk of tre. that's because of the morning portion of those. a decision that needs to be taken at what is called a goal is somebody to be african growth. an opportunity which is an ad in the united states, which gives the preparation to access to the american markets. not only for over a $100000000.00 rad or $100000000.00 of agricultural goods, but $5000.00 different items across different sectors. so. so the views of straight

relationship with the us very seriously. and it knows that it's at the moment scoping close to being published in a way by the united states for its position of non alignment be. so that's a good president. i've said an effort to do that. he believes countries like so that the company putting into taking a certain position and being threatened with penalties. and if they don't take that position, the head of the federal reserve in the united states generate the start of the year off with a visit to south africa where she was that there would be sanctions for countries which essentially break the sanctions that have been placed on russia, the lady, our vessel inside installed at the military base of south africa and we get to see what the consequences of that will be. so right now there is a can provide being towed by the so the president, he's all of course,

to ukraine entering along side of the african heads of states. and uh, the negotiations are the tools they would also focus on how they likely to receive the russian president becomes this other advocate for that break summit. that of course, but also in on with the united states, the sides of the big stomach with the go with somebody to so on with i think we lost it every single one. you still hear me? i think we've, let's go on for a 2nd. we'll get back to the bottom. so i can ask you this question is uh uh how it works. why now? i mean, why is the absolute, the content it is so important right now for the west in particular? as of, i think, i think go what, how long is the story cuz i forgot the deductible of the development of the west.

and some people know, you know, you know, in the west 10 year old, the united states, you know, drops of slavery under, under the souls. and so the people who struggle with people brings a liar and so you can see the outcomes, the brakes, you know, if the brakes come up with all those advocacy at the same i like to join the junior the is that i get to apply to joining now, reflecting, don't want that extra one, the prints. so this is hard to why and it becomes very important, you know, when, because it's mail dot del, the power officially. the role is cognitively, perchance by africa. sorry, we took the priority, the wisdom to manage the best one. so the end of the last week, i see the brother printer is coming to

the doctor in the kitchen where the bees are coming from sort of the guy with the brakes. the lions countries on the new probably got you to do. yeah, thanks for the way the doing. so i forgot when the restriction is about how it was for kids for a long time. that's a good way to do what i mean. you this location the back, like the my pointing, i did it on the 1st of june. the groceries came to the bottom. i'm going to check the functions are just companies. what do brands you just go out of the 2020, the normal printing, unable by different countries. so they do the, each runs by charging and what is the,

the upper type of g a y the and the rest is the, in the center very long time denying the opportunity to bring in between that associates on this page. move on to where, you know, because it's much of the research on a, just, this is why i've seen this is the alignment and you blame the reading. what i've got when it comes to the vision that it's more like on it. so i was on the, on the, on the us side, i don't know the, what the width is talking about. the card is going to be placed, and i think i've done something that should be that gives us an assign job on the side of a 5 day while outside of your passion, you'll have the site. very much appreciated. thank you all so very much for joining

me in today. out to the token here. thank you. i'm that this news just it. russia says 10 lost 11 times and over 50 of it. so just an example rose here. reason to remind you you create has a fishy loss on the offensive the add on other funds this week. meanwhile, most of the says, ukraine has used marine drones, an attempt to sink a russian naval ship in the box. the you, according to the method, the attack failed, and the enemy vessels was destroyed and joined live biopsies will, of course, with an ego he's done of ego, i think it's up to speed if you wouldn't mind what happened in the black sea as well. absolutely. basically, the russian defense ministry has revealed that ukraine used at least 6 maritime drones to carry out an attack against a russian warship,

some 300 kilometers away from the coast over the crime in peninsula. now, according to the russian ministry of defense, old 6 on the vessels would as for to buy the russian voice. and it was left on the hummed again, this is not the 1st time that this sort of incident happens just around a month ago. a similar attack was carried out against another russian naval vessel by 3 unmanned drones, which was also unsuccessful. and also was 3 ukrainian drones were destroyed both times a nato uh surveillance plane was, uh, spotted uh, in the direct vicinity you from the place where the attack took place. now, most importantly, such attacks the jeopardize, the so called a great deal because russia accuses ukraine of exploiting safe passages, safe maritime rooms that were agreed on within the frameworks of the great deal. and that were meant only for cargo ships that moved great around the world. and so

russia, of course, a kansas ukraine, overt supporting these roads and carrying out these attacks, basically, these woods, they allow ukraine to use these drones to, to carry out attacks against russian vessels. also, when the crime in bridge was blown up last year. russia also, while russia also said that if russia finds out, if most cool investigators find out that well, these routes, the safe passages of the great deal were used to smuggle explosives that were used in the bombing of the crimean bridge. that the grand deal would be offered the table. so this is yet another incident that jeopardizes a vital part of the, of the will global order really. and that helps bring of food on the table. all of the less fortunate ones in africa and other poor regions of the world. indeed,

a garden study, what let me say say it's uh, we'll see against it in that outline for them. thanks. by the balance of this news our, the cost of everything is the program i'm next will be back in just on the 30 minutes with more internationally. as we hope you'll join us. the regulators rush to close silicon valley bank, which was a financial institution with more than $200000000000.00 and assets when it experienced a traditional run on the bank, as depositors rush to withdrawal all of their funds. it is the 2nd largest bank failure in us history, behind only the 2008 failure of washington mutual. so what went wrong here, and how does this happen? and what does this mean for the us financial sector? i'm christy, and you're watching the cost of everything we're today. we're going to be looking at the cost of bailouts and the crisis of confidence that led to the creation of

bitcoin. the the bank failures happen all the time. we just don't hear about it because they are local and happen on a very small scale. but there have actually been more than 550 banks that have shut down between 20012023. and this one was particularly notable, given its size and scale, and the contagion effects it would have on the us economy, given how it services so much of the tech and small businesses industry. the bank failure came as a result of its investments losing value and depositors withdrawing large amounts of money. as phoebe kept a large portion of deposits in us treasury bonds and other long term debts, these assets have low risk and low returns. but then, as the fed started to increase interest rates,

as these bonds became riskier investments because the investors could buy bonds at higher interest rates. well, s b b 's bonds declined in value as v b had to sell some of these investments at a loss of $1800000000.00 in order to accommodate its customers withdrawals. and that was the beginning of the end for a c, b as withdrawals continue to mount in an effort to assure a confidence in the us banking system, the treasury department, the federal reserve and the f. b i. c announced that silicon valley bank clients would be protected and be able to access their money. they also announce steps that are intended to protect the bank customers and prevent additional bank runs. and these actions march the most extensive government intervention in the banking system. since the 2008 financial crisis, the biden administration announced that it would guarantee on and assure deposits. the fed reserve also announced

a new lending program for all banks that need to borrow money to pay for withdrawals. the. the fed also said that the bank borrowed about $300000000000.00 in emergency funding, with nearly half of that amount going to holding up companies for the to failed banks to pay depositors. the fed did not say how many other banks piled money and added that it expects the loans to be repaid. meanwhile, biden has insisted that no tax pair of money will be used to resolve the crisis. and the white house is very desperate to avoid any perception that the average americans are quote, unquote, failing out the banks like what happens during the 2008 financial crisis. instead, the money will come from the f b, i see with the funds coming from the quarterly premiums, that the insured banks pay to the agency. the f b i. c estimated that the cost of s b, b, 's failure would be about $20000000000.00. but even if tax payers aren't directly

on the hook, the banks customers still stand to benefit from the government support saying that the tax payer won't pay anything, ignores the fact that providing insurance to someone who didn't pay for insurance is actually a gift. and on top of that, while the tax pair may not be paying for the losses directly, there will ultimately be a trickle down. following this, banks will likely have to pay more for deposit insurance and then charge the tax pay or a higher interest rate on loans, or pay out a lower percentage of interest into savings accounts. so while the efforts of the central government has seem to stop the domino cascade of banks for now, there are many who believe that this is an over yet. what appears to be happening is that the fractional reserve banking system is under stress due to rising interest rates. and it's showing it's cracks. and it's not just s b, b s v be failed due to an old fashioned bank front that was spurred on by the

weakness on his balance sheet because of poor duration risk management. silver gate was running into some issues and had to take out an f h o b loan. but it's a ventral winding down, was reported voluntary and ask for a signature bank. the regulars can't even figure out the bank was shut down because of crypto or because of a crisis and confidence of leadership. 11 banks also injected $30000000.00 into 1st republic bank in order to save it. and outside of the us, credit suisse also went to put do 2 years of mismanagement and significant right 1000 investments. so now let's bring in chris rice, host of rice tv. so chris, how are the bank failures this time around different from the bank failures we saw in 2008. okay, that's a great question. uh, thanks again for having me back on the program. the difference this time would really be what happened in 2007 in 2008 was actually the death of the system.

unfortunately, at the time what they did to keep everything going was to put everything on live support. and the banking institutions were basically zombies, what we had seen since the 2008 crash was early 2020, if you, if anybody's listing recalls to march of 2020, the markets got hit it really big, especially because we had this black swan event that we ended up having to consider locking down when we had the pandemic and stuff that took place of that time period in march of 2020. they actually held that the stock market just like they did in 2008, had they not caught that the trading both occasions the system would've crashed and they are ready for the system to crash underneath there. even not completely ready for the system. the crash yet the waiting for the actual development for the central bank digital currency. so they can usher in a new system. they need a new system to replace the system that's crashing and falling apart. and of the

for banking failure so far, we got signature, s, v b credit suisse and 1st republic, which one would have been the most disastrous if it had not been billed out. could the economy of ford not to bail them out for the free market with it corrected itself capitalism. when it came out, actually we would have been a lot better position if we would have just dealt with the crash at the time. but again, the systems that be didn't have an alternate system for us to replace the antiquated system that was crashing when you study fee currencies. and you study how the cycles of the currencies work off the currencies end up going back to their intrinsic value, which is 0. and it's happened throughout history is never been in a point of history where this has not taken place. and if you look at the roman empire and what took place of a follow the roman empire that is very much comparable as to what we are seeing in today's modern day united states of america. we're seeing a bigger bank,

stepping in to shore up the smaller banks and prevent further knock on effects. but do the bigger banks have a healthy enough balance sheet to continue this and fail out the smaller, weaker banks? the contagion affected how many people have investments, people's like the retirement people's, different uh, wall street investments. i mean, they're tied into a lot of people's lives. so i understand where they're trying to keep these things float and keep them active. but the one thing that we've got to take in consideration is prior to the 2020, there was a 10 percent reserve requirement that the banks were required to have one hand at all times, which meant they had to have 10 percent of their funds at one hand since 2020, that reserve requirement has been taken away. banks aren't required to have any reserve requirement at all anymore. so i've even told people now what the weight banking is. we really need to look at banking as how we would look at it as an investment. don't deposit more than you're willing to lose. because the other thing i would have mentioned was.