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tv   Keiser Report  RT  May 5, 2018 3:30pm-4:01pm EDT

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oh come the bad sweetie at dad. mars scientists are calling the list. if. it is. the ideas put forward by moxy here alongside frederick angles haven't been consigned to the nineteenth hole for that matter the twentieth centuries a recent poll of people from twenty eight different nations showed that hall for them said to get a better society we should follow socialist ideals however it is worth noting that in the same poll around the same number said that political systems based on the
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writings of these two were far more likely to be oppressive i asked the people of what they thought those mosques have a place in today society and politics so when it comes to politics like maybe you use it to get votes but it's now very early like that ideology and it has never been practiced so it doesn't exist and not only like about. economic inequalities but also other types of inequalities that could be used like they could use marxist theory to be examined in today's culture capitalism. seals labor from people or from the workers and. from from our point of view. it's still important you've got good and important but. in reality things in our differently at marx's funeral in london in one thousand eight hundred three angles said his friend the greatest living thinker. has ceased
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to think well that may well have been but two hundred years after his birth the ideas put forward by marx continue to inspire others to think peter all over r.t. berlin. or we heard from philosopher and cultural critic. about how karl marx and his works are understood in the modern world. all heroes heroes this fame is very ambiguous you become a cult figure week means people don't really starve you don't really review and so on and so on marx to prevent. not only doesn't take marx seriously but also avoid confronting what is problematic in marx his description of the movement of global copy over the growing between the. one and only do very well but the conflict is totally different he was. right in the wrong
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way marx obviously big. well elaborate a field of state power he thought state is such a speck just a second diety superstructure thinks really in economy already in the soviet union it was true and if things don't work like the state place a much stronger so before the stuff today. to be a critical marxist is to focus on problems which are going to get that by marx like their own state by our economy itself. rallies supporting russia's leading opposition figure alexina volunteer underway in cities across russian there taking place ahead of london where putin's presidential inauguration on monday with protesters gathering under the slogan he is not sorry to us these are in fact live pictures right now from the russian capital where there's still
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a sizable police presence on protesters on the street but scenes peaceful scenes right now as it has been throughout the day just a lot of people on the streets in central moscow let's take a look out earlier pictures in the day this is an election involving himself being arrested after they are north or rise moscow do. i mean with dozens of others it works it all off is in the city center where. it's roughly around fifteen hundred people who have gathered here in central moscow most of them are supporters of exiting a volley of a prominent russian opposition figure the police are trying to clear out the streets mostly they're focusing on the driveway so basically to clear out the people from driveways so that the traffic so that the traffic could move through this is the latest we've seen a few people being detained apparently for blocking the cars for basically for trying to block off the road so this is what's going on here right now and the
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police are constantly moving it's a bit hectic back to kind of trying to break up the crowd into smaller pieces into smaller chunks of groups of people and then they're kind of dispersing of them from the main venue where alexina volley was trying to gather his supporters out election evolving system that the that the rally was supposed to take place here where it is right now the authorities of moscow offered him a different location literally a few hundred meters away from here also central moscow at that time when that decision was made by the moscow with already the extent of ali said that no he won't take any other location but this one now if some questions were raised about that decision because a as i mentioned it is also central moscow and it is also a sort of a regular place a regular venue for opposition protests in russia and also a few days ago in fact there was another rally organized by different people that
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took place at that very street on soccer of a soccer of an avenue which was offered by most both already student valley and the valley had no problem joining that rally and if in fact appearing that as one of the speakers it was a rally in support of internet freedom in russia and against and against the ban of a very popular. here telegram well we do know that rallies indeed have been organized to pull across the russia some of them were like this one they weren't. looking for them for him to prove i didn't already saw this you're given a green light and i've only just got to sound as if i think it's simply covering right above us. so i think you know that several people peteris think of the cities as well but. as far as we know mostly in those cities where the venues for the rallies are not approved like here in moscow. meanwhile there's
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a heavy police presence and part of this right now more antigovernment protests erupt in france will be there after the break. the global economy is so tightly wound that these sanctions don't work but that is because the supply chains are completely overlapping and what is the sanction of one country drives economic problems of another country that you're not trying to suffer get sanctions to spell longer workable than the global economy has come to
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integrate and. it's too. interdependent. hello again there is tight security in part a stright now as government protests get on the way nearly a year after president election the heavy policing is a result of may day rallies turning violent earlier this week in the french capital for a short of devinsky. thousands of people have come onto the streets of paris today to protest against several of the policies of the mocking government that have been instigated over the last year we have people from the public service you're here
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because they're unhappy with the fact that mcconnell said one hundred twenty thousand jobs in the public service to be cut in his five year term in office we've gone the way we are because who out here because they're unhappy with the real can i say should that's been announced over the s.n.c.f. us away ways here in france they say it's the first step towards privatization and that they can to lose many of the benefits from my job so they've had their also students to out here because they're unhappy again with the changes that are being made to the way that students will be selected for universities no longer will they just be able to apply and go to the universities they won't they will be selection undo the voice of the new government of people say that that will leave people with foam lower social incomes more disadvantaged they won't be able to get into university courses that they won't there is a massive police presence out incarcerate
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a around two thousand young daum and the police now that's because of the violence we saw just a few days ago on the may day riots. close to. the. was her was around fifteen hundred leagues within the criticisms of the police and in regards to public health. issues. it was said. look i'll. let the light on because it's up they want to take chances today i just take a look behind me you might get a sense of how the streets of paris ofi. ling up with different people all unhappy with mcewan and his government we've had people chanting anti fascists other people showing that contentment their unhappiness with not knowing the optics of him
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because he'd be just like what some people inflict the psyche as a monster some people describe as. democratic we take decisions. that he says mislead many people to show. them to be a positive one this need to be able to wish him well for the party to show him what the forces of opposition across this country to many of his policies staying in front so he wants green area close to the capital is now under tons of illegal waste but clearing up the problem is proving difficult for the authorities and even more frustrating for the locals.
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let me know how concrete blocks wouldn't place you had to drag a little east checkups i would remind you all of that land these private property public authorities cannot interfere with a private company. for
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disease we both are politicians to do the job so they protect the land today though we can say that protect. russian special forces have killed a man who opened fire on them while they were checking his id in a city four hundred kilometers east of moscow the man had barricaded himself inside an apartment in new. i. want to know what.
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the police video from inside the apartment shows as law makes state symbols on display an automatic rifle is also seen as well as the man's body security officers are working to identify who he was three police were injured in the incident according to the federal security bureau. schools in the u.s. state of illinois might soon have to change their curriculums to teach more about the contributions made by the l g b t communities in u.s. history the work of the figures will be given more focus in subjects ranging from science to sport california made a similar move last year the bill still has to be given the go ahead by the states house of representatives but it's already got plenty talking it will promote
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acceptance and a more accurate betrayal of history it is in direct contradiction to the clued you david christian beliefs of many in illinois to discuss the issue further we invited media commentator gina loudon human rights activist peter tatchell to offer their views. it's very important people understand the contribution that gay people have made i think is about informing straight kids so they understand bt issues. their prejudice is broken down if a history book or any book whatever write about me personally i wouldn't want them to leave with my religious background my ethnicity and certainly not my sexual orientation fantastic extraordinary people from tchaikovsky to richard the lionhearted their gayness or their bisexuality is not the major factor but it's just about acknowledging that l.g. people have existed throughout history and have made
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a very important contribution to the sciences the arts sport and culture well i think in an effort perhaps to be inclusive we've made a mistake a miss estimation if you will and what's happened is that a lot of groups have been taken advantage of by politicians who are willing to prey on people based on those identities i think that you know identity politics has been a response to exclusion because of decades of exclusion and marginalization some communities of how to organize it hasn't worked and what it's done instead is it's divided us up into little groups that then can be taken advantage of by politicians gene is right we don't want to be typecast about the fact that we're jewish or gay or black those are just one aspects of who we are but in some cases those are the aspects of who we are which other people target for hatred and discrimination my concern begins and ends where government gets involved in deciding who is relevant
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who is not relevant who is more relevant and then dividing us into little groups because when government has enough power to do that they also have enough power to take that away. time for another visit to mux in the kaiser report no this is our to international why from moscow every hour of the day. for a world cup twenty eight team coverage we've signed one of the greatest goalkeepers available to us but there was one more question and by the way who's going to be our coach. guys i know you are nervous he's a huge star among us and the huge amount of pressure to come out you have to go meet the center of the beach with l.b.j. and go solo the great game the great game you are the rock at the back nobody gets past you we need you to get the ball in going let's go.
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to a low. and i'm really happy to join the team for the two thousand and three and world cup in russia meet this special one come on top of. me to just take the radio beyond the team's latest edition to make up a bigger need to just look. i
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am alex geyser this is the kaiser report the robot taken over yet there's still room to appreciate nature in all of its glory and in all its wonder just rub the bark against my skin and. seal nature i think to become one with. with. the heavens and earth the sea. max. i think you're scaring everybody that they've tuned into some this learned old fashioned listen. anyway you know actually you bring up nature and i saw the adam
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schiff this past week is that democrat who's big on russia gate but he came out and said that because of donald trump's irrational and basically unpredictable nature kim jong un has come to the negotiating table and there could be peace in the korean peninsula but you know i also want to look at another story relating to donald trump and his arrest is unpredictable nature and that is in terms of the sanctions that were placed on. in the aluminum producer if you're in the u.k. the l a mini i'm producer that that the unpredictable nature of setting up barriers or a downs in the flow of commodities and free trade is often unpredictable as he found out e.u. hit by massive aluminum shortage chunk considers easing sanctions this is from year zero intelligence and michelle locke is talking about it and they point out that the big story over the weekend is the clear and present danger that u.s.
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sanctions against russia pose for europe's manufacturing industry the f.t. has the story that the e.u. faces imminent supply sorted dj's of raw aluminum an aluminum oxide one of the companies targeted by the sanctions is the russian aluminum supplier roussel which the e.u. depends for its aluminum supplies the price for aluminum have skyrocketed in the last few days as shortages are becoming acute it sounds like the illuminati. hey well you know the global economy is so tightly wound that these sanctions don't work like they used to because the supply chains are completely overlapping and what is the sanction of one country drives economic problems in another country they are not trying to sanction so forget sanctions as the longer workable the the global economy has become too integrated and too fragile it's too. interdependent on each other big just like the forest just like the ocean just like
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everything i think what i think yeah i mean that's the point is that since the one nine hundred ninety s. early one nine hundred ninety s. america has led this empire basically of global trade and its attendant on globalization and dissipated on you know we're also entering a trade war with china for example in the fact is that a lot of goods around you huge percentage of consumer goods in america come from china so part of our power as a nation king from opening up markets around the world but then we also see the fragility of having nationalistic policies it's not really possible to have nationalistic policies in a day and age of hyper globalization where you know supply chains are so wound together and so last minute mode so some predictability that is an asset because it forces everyone to adapt in real time into think and be present in the moment remember that blind faith is predictable and it leads toward dead
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ends of predictability whereas having more doubt and the more science based mine results in more of a multitude of solutions that's what's kept humans spinning for millions of years that's what keeps life going in the cosmic dimensions unpredictability mutations drive evolution not the same. cycle of predictability that would create monocultures and evolutionary dead ends stay cis and death so trump is political equivalent of the duck billed platypus that arrives on the scene to baffle us all and if survives in the wild i'm going to say that word. and i know our british viewers and we have many of them are going crazy now at me saying aluminum aluminum aluminum over and over and they're diving
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. is is the word used to describe the white of an egg it doesn't refer to a base metal or a commodity brits are know nothing of the english language they're the only people that use that phrase so such bottlenecks are evidence of the acute dependence on both russia and the us even diplomats are now begging the trump and ministration to exempt aluminum from the sanctions france is leading the effort by e.u. countries to get the us to ease its sanctions against moscow and also the article goes on to say that the e.u. is also heavily reliant on china as well i saw an article by the way this past week where the china has a new. they actually loaded up a train full of cargo from china and it's now the first time going across by rail and that's going to basically cut like two weeks off or three weeks off of the delivery time transport time sanctions against russia were a figment m.s.n.
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bases imagination and the propaganda speech by rachel maddow that's now all been discredited and debugged in the wake of the russia gate hoax which is now widely understood to be purely a trick to confound americans and disappear and yet another one but the nature as we're talking about the nature of a free market globalized system is that you can't have barriers it can't have censorship you can't censor you can't create a swift global financial system based on your dollar and want the world to have a u.s. dollar standard for example and then start saying no we don't want you to participate no we don't want you to participate and that person can't determine actually exclusive yes i either want to have a global trade system with a dollar reserve currency or you don't you can have selectively picked sanctions that would create choke points in the dollar reserve global currency that's what i'm saying right that's true is. well free market system is not a financial suicide bomber like jamie diamond he's more of
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a global trade guy i think i've got a what he. got a woody i mean i've got wood i mean i've got what. they call that stuff on for that if you can throw it away because i love is causing me trouble remember think people are tired of that right now don't see why they want to move on they want to live no tone for mother nature. so i'm going to move on to you know we were talking at the dollar and a lot of the dollar has facilitated enormous debts you know the u.s. is going to have a trillion dollar tree deficit you know fiscal deficits for the next looking out onto the horizon is going to be a trillion two trillion soon but you know right now while the going is good everybody is loading up on junk debt and junk that is still we still had an easy time last week a member last week what we saw was a ten year treasury yield soared to overthe to three percent were for the first time in a few years and yet jumbo market had an easy time netflix raise billions more than
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they expected and they were as they have. put it on to their pile of eight billion already in debt you know to fund all the content that we're watching while sitting at home well here's another article from wolf about the junk bond bubble peak bubble for junk bonds says we work bond sale the junk bond market is still in total bubble bloom simply ignoring the bloodletting in the treasury market that pushed the ten year yield to three percent finally for the first time in over four years but investors are last thing after higher yields and companies are taking advantage of them while they still can which makes sense particularly if it's a unicorn with long term lease obligations up out the was due whose net loss which doubled to nearly one billion is bigger than its revenues so they did a five hundred million dollar bond offering there's a lot of crazy data in here but you know in terms of this system this nature of the global financial system and trade system which we've been. talking about on two sides of it are the u.s. and china and those two as the i.m.f. pointed out are the biggest debt monger in the world and escalating rapidly and you
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have these two sides of a perhaps precarious ends but that's why you want in order for a more anti-fragile system maybe not to have so many barriers and sanctions and and restrictions and censorship in the way of that so that the global financial system all right well i mean to your point about interest rates if in fact interest rates are on the way up and the ten year treasury bond is over three percent and heading to a more normalized five or six percent then junk bond market would head to a more normalized thirteen to fourteen percent yes from the current five percent so these companies like we work or netflix are trying to lock in cheap money now before it becomes a lot more expensive but as you point out in the case of we work they have a long term lease obligations so if in fact rates spike and the economy slows they're not going to be able to fill those properties up with tenants so it doesn't matter what the price of junk is because they will be driving no revenues and they want them to service the debt at any interest rate we saw that in the two thousand
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and seven two thousand and eight crisis is a lot of these banks like goldman sachs were borrowing long and lending short overnight all these like junk bond basically entities and they ran into a time when there's a mistake that banks make is that this is the bane of banking is that you don't know how to handle your maturity. book written risk the risk associated by being exposed to different points in in the curve along the from you know overnight money out to thirty year money so if they're just applying that to we work it's a high risk real estate play disguised as a start up. but once they reality hits the fan it could implode and that flicks are spending billions on content assuming that you know that that they will be able to increase prices. to account for the increase in debt service which so far at this moment it's not able to come close to however the stock is trading at the
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hundreds and hundreds of times earnings which is typically not a great thing going back to this we work really stay is very illiquid it's an illiquid market and that's part of why we saw all the hyper financialization that happened in two thousand and seven to two thousand and eight based on the sub prime market is you solve that problem of the maturity thing is like these thirty year mortgages were packaged into c.d.o. is that we're swapping in a changing hand overnight like several times here we have the same thing they're trading like dot com companies though in this paragraph here we're remind you of your dot com days the prospectus for the bond offering from we work obtained by alphaville on the f.t. points out that revenues jumped by one hundred three percent in two thousand and seventeen from a year earlier to eight hundred eighty six million and that the total expenses jumped one hundred eighteen percent to one point eight two billion based on this well established unicorn strategy the net loss and twenty seventeen jump by.

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