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tv   Documentary  RT  June 3, 2018 12:30am-1:01am EDT

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it's a very interesting letter and i haven't seen the letter yet i purposely didn't know for low level. i haven't opened it i didn't open it in front of the director all the letter was passed to trump by a former north korean intelligence chief who was part of the delegation in the us the summit is due to take place on june twelfth in singapore and was earlier called off by trump and due to what he called open hostility artie's point boyko brings you her take on the stormy relationship between trump and kim. it looks like kim may have caught our girl probably possibly maybe in case you missed it is that a feel good story of the summer. during the trial and came to light by bold on tenterhooks there are you know some great show the new justin and selena are. just as attractive are you glad that these other two men with that fingers on the button as big date part of june the twelfth but trump pulled it off saying that the
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french told him said that he'd heard from someone else that came with saying mean things about the u.s. vice president well something like that what was particularly annoying for came with it just the day before when he turned around desperately wants me to stop the whole mountain wouldn't be from what he said on the streets it was actually true that. he doesn't feel some hope a few days later saying i truly believe north korea has brilliant potential and will be a great economic and financial nation one day sure knows how to butter up a dictator or one of these two just get together top teasing are. trying to avoid it's a good career to commit to getting rid of it every day with the looks smells. live near zero the other hand came to learn will be mindful of the fact that libby is loveable colonel gadhafi agreed to do just that but a few years later was dragged from the drain and sure so you can see the argument for keeping it cheap the little detail and you know. that's
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a come on donald give the boy a chance to grow up a mountain be. totaly. good idea in case you missed it trump and kim aren't going to meet the north korean leader says washington will be in the fire of a thousand star case you missed it and kim finally agreed to meet they've officially booked a romantic suite at singapore's raffles hotel case you missed it trungpa has stormed out of a summit with the north korean leader it's reported he misunderstood the briefing telling him he'd be meeting someone called kim in a singapore hotel. while the singapore summit was still being considered kim jong un met with russia's foreign minister reacting to news of the meeting said he didn't like it but added he was willing to change his mind if something positive came from it current affairs experts told us the u.s. does not want to be sidelined in the peace process if you give this president
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a branding run like call it that snooty b.p. the trump peace plan you're going to have a situation where this president's going to be excited because the legacy issue he could really use right now and he wants to do what no president in the u.s. says ever done before the u.s. wants to demonstrate leadership in this area and not be left on the sidelines so it's an opportunity for him and if he leaves the other countries take the lead in the u.s. becomes a side player in peace then you lose that that is. doesn't understand anything beyond the fact that this could be a good photo op and possibly a boon for his ratings the u.s. has never taken north korea very seriously i mean the idea of the greatest military power in the world sitting down with a country that they've already always considered impoverished and backward i think is anathema to many people in washington the united states wants supremacy against
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china in the region and it wants to maintain its troops in korea as close to china as possible and that has really been a big factor in prolong the conflict in korea the message that kim jong un is sending you know he's meeting with lavrov he's meeting with xi jinping. signals to trump you know i have friends in the region and you're the one that is isolating yourself by pulling out these international agreements and so you know i'll be fine with or without you. the family of a black man killed by police in florida have been awarded a grand total of four cents in compensation gregory hill jr was killed in his garage four years ago while officers were investigating a complaint about loud music and to begin with the court awarded the family four dollars one for funeral expenses and
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a dollar for each of his three children but later the jury established that the officer who killed the man was only one percent at fault so the compensation was reduced to just four cents and afterwards it was established that the victim was intoxicated when officers arrived in the sum could end up being zero greg really hill jr was a father of three he was fatally shot three times through a garage door in two thousand and fourteen police claim he was holding a gun although it was apparently not loaded the family's lawyer told us the court ruling adds insult to injury we were in shock as lawyers because i've never seen or heard anything like this we're not supposed to be punished like that his fiance walked out of the courtroom when it happened you have to tell three children. destiny arianna and gregory the third their pain and suffering their loss of a father is only worth a penny it's just
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a proposed story of law enforcement gone wrong but here you have a dead man laying there and police think he's barricaded in his listening to loud music that had the f. word in it ok and that's what police came to see. to investigate and it's not even illegal it's it's something that police knock on your door and generally tell you to turn it down a crowd funding campaign has been launched to raise money for the children so far it has received more than forty seven thousand dollars the family's lawyer says it will continue in their battle for justice one hundred percent goes to the children in the rehabilitation of their family home because it was also destroyed by tear gas we don't understand ninety nine percent and one percent in america your we have a second amendment you know some people love it some people hate it but you're legally allowed to possess a firearm and you're legally allowed to open the door with
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a firearm and we're going to take it all the way to the u.s. supreme court if we have to it's that important because it's a precedent of law enforcement if you're doing nothing illegal shouldn't be able to shoot you through your closed your closed garage door it's preposterous a new government has been sworn in in the spanish province of catalonia that story much more still to come and watch out international. legal. leg. to.
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leg. length. dropping bombs brings peace to the chickenhawk forcing you to fight the battles but don't believe the new socks for the tell you that will be gossip and probably by a little boy the day. off about how you think you are not cool enough to buy their products little. things all the hawks that we along with all those little. welcome back this is our t. international now i knew a separatist a government has been sworn in in catalonia after months of direct rule by madrid
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this happened just hours after a new spanish prime minister took office in madrid new catalan later kim torah gave a speech valiant to push for the region's independence from spain torah replaces carlos pridgen mont who fled the country after last year's referendum and is wanted on charges of rebellion we heard from a catalan independence activist who says the region now needs a dialogue with madrid not confrontation. i think that now it's not the not it's not the key issue to make another referendum the referendum it was done more than two million people was coming to go and we must not forget these results and new listening to me it's also possible maybe on a second stage. or day away but not now i think that mr total must take this consideration and must act with many care we've never seen. if they open
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the yellow book. with government money from say they will pull they will propose a new step two new. a new way. to maintain relations between the union money. but the people here for me. wanted independence i think and you must. have the support of the people. the syrian army has removed the last pockets of terrorists south of the capital damascus and civilians are heading back to the newly liberated cities people are coming to terms with their lives after the war with some still searching for loved ones who went missing during the conflict.
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he fought in the militia supporting the syrian army there were twenty soldiers in his assault team they went into attack on a pro twenty second they group came here but they got ambushed and captured. doesn't that i still terrorists called me from a czar's and told me they killed they sent me photos and took a picture of this thing they first sent me this picture and then this one this is mayes are his body. lookouts masers jacket they were captured all of a sudden from the ambush they shot him in the back here's one shot well here's the other. two young men able to grow looking very spotty every day i would come here every day i will find him he will.
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be a law has been introduced in the german province of bavaria requiring the christian cross to be displayed at the entrances to all public buildings our europe correspondent peter oliver explains why the move is so controversial. clearly visible crosses are to go up in some public buildings like courthouses police stations and city halls like this one here in bavaria it's also a new law regarding crucifixes came into effect on the first of june the plan comes courtesy of the ferry is a new president marcus and his reasoning is that this is supposed to reinforce bavarian identity in the face of large scale immigration given by and signal to six months at a signal of still for sure instant varia we want to state our western christian culture and that is why clearly we don't get rid of crosses but hang them up this
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is not an attack on others but only a cultural symbol which we especially appreciate in the various public opinion shows that almost sixty percent of bavarians actually support the move but when we spoke to people on the streets of nuremberg opinion was more finely balanced i don't think it's a good idea. because it has nothing to do with security the government is separate then to church so why should we do the same i don't think it's a good idea it's correct because it's a tradition and why not i comment on the one hand we see people wanting to ban the headscarf on the other they're forcing people to shoulder cross that seems the dots to me. i don't think are very an identity depends on crosses it is stronger in other ways with beer gardens and local traditions it's an elite knowing gone it's gone that was the cross spot of every day life for us but we respect every phrase
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not just christianity the bavarian president became the target of more than a few online jokes when he announced this idea however those who are charged with actually hanging crucifixes in public buildings all day are on side with the plan. this is not a defensive reaction but a positive reinforcement of our cause. it does not hurt to point out where our roots are in this cross is a symbol not only for christians but for people living in bavaria. but critics say that this goes against germany's constitutional separation of church and state and say they want to change the law it's a totally wrong decision of the berrien government because it's a very in citizen you can be a muslim you can be a two you can be non-religious you can be an atheist humanist for example and all these people shall now look to the cross and why instead we
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have a strong tradition arm of a separation of church and state there has to be clarified whether this mixing up. of a religious symbol with a secure or rooms of a secular state is really compatible with our very own constitution there hasn't been any mad rush to hang crucifixes in buildings like the city hall in nuremberg just behind me here the law didn't come with any deadline and it's also widely expected to be challenged in germany's highest court at some point in the future peter all of a r.t. of area. friday marked international day for the protection of children and in all walks of life parents do whatever it takes to keep their youngsters safe here is one mother doing just that in moscow. i'm not happy about it it was i'm going i'm. good.
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at. it. and i'm not sure either does of mailed back in about thirty four minutes with a full of news you watch more to international cloud have with us. well you know they were kind of adopted because we were called pirates for so long . i've been there in the small boats next to the harp on ships and it's just. not. the limited shelf to be told fish already ninety percent of it daryn got any ball in the collar. cons of fifteen scoops seventy five tons trying to do it several times
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a day with the big cleats and no you get an idea on why. we have to understand we can not stay still and just. be with them this will be the only going to do for us. i'm doing this because i want the future world to future generations to have and enjoy the ocean we have. so what we've got to do is identify the threats that we have it's crazy going foundation let it be an arms race to move his arms off and spearing dramatic development only closely i'm going to resist i don't see how that strategy will be successful betty. to kill time time to sit down and talk.
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for a man or sitting in a car when the phipps gets shot in the head. all four different versions of what happened one of them is on the death row there's no way he could have done it there's no possible way because the us did not shoot around a corner. you . guys are this is the kaiser report we're going to talk about it's kind of this is a story it's almost like deja vu reminds me of greece and in fact yanis varoufakis says you know inserted his name into this whole story and that is whether it's going to be it to leave or quit to li because italy is looking mightily.
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well it looks like the technocrats don't like democracy remember this happened with greece as well the greek people said they didn't want any more austerity they didn't want their lives to be decimated they would didn't want to be forced out of their country to flee to the united kingdom and other places due to austerity and all sorts of e.c.b. policies upon their you know european community policies upon their country well the same thing is that now happened in italy where the five star movement in the northern league formed a government and then the president of italy who is constitutionally allowed to do so basically said no because you're a finance minister is anti euro and wrote a piece he had written a piece about basically that the euro was a disaster for italy and we're going to suggest perhaps it really was yanis varoufakis. because he became the finance minister of greece kaiser reported
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introduced interviewed him many many times over the years when he used to be an icon it was for virtually games he said the people of italy voted against technocrats implementing austerity for the many and socialism for the very very few now they have an i.m.f. apparatchik as pm was a plan to implement more of the same could italy's president have given the n.f.l. but populous a greater gift that's always the same we've covered this since the beginning of kaiser reports austerity for the many capitalism for the man. me and socialism for the tiny tiny few right well as we've lost our focus on the show and we asked them point blank i know i did who will be the next to get the treatment that greece got from the troika the i.m.f. the e.c.b. the e.u. they gang up they destroy a country for profit it's a it's a smash and grab and the greece was destroyed they had a referendum and then they didn't pay any attention to the referendum they didn't want the troika road and look what happened in greece it turned it into
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a pit it turned into a shell it turned into garbage and now the same bankers are getting together because they need like a shark always something to destroy to eat and consume so we were trying to figure out would italy be next or spain i think are the two likely candidates so i guess as we've been saying now for five years that this was coming and i guess doubt italy will be the next meal for the i.m.f. well spain wasn't an option really if you look at the charts we're going to come into is that they never abided by the master treaty of under three percent of g.d.p. deficit italy has done so and they've abided by that and thus destroyed their economy in a time when you know in the recession when they should have been actually helping the economy and facilitating liquidity in transaction and credit unlike what happened for germany and stuff so let's however look at the technocrats the european commission this was a tweet from a journalist from deutsche of al who interviewed
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a european commissioner who is a german who is a european commissioner for budget and human resources and so here is the tweet from bernard thomas riegert of deutsche of l. the markets and a darkened outlook will teach italy's voters not to vote for populist parties in the next elections told me the commissioner oettinger in exclusive interview for a dose of health news and strasburg i can only hope that. will play a role in the election campaign so it looks like there will be another election in italy probably in july or august. and this guy oettinger who is good herman oettinger a german politician and now a european commissioner he's saying that because the markets have reacted so negatively that italian voters should basically learn a lesson and not vote for a populist again right to k. phrase there it is the markets will teach quote the markets will teach according to
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the technocrat the german that as we've been saying again going back to two thousand and so almost ten years i've been saying this concept which i will say again there's something called market fundamentalism it's a belief that markets are all knowing all seeing and that the people in the technocratic space defer to markets as fundamentalists or as fanatics with if you refer to religious fanaticism and so he believes that the markets know all and that the markets are punishing the talons without giving notice and and being honest in that the markets are manipulated and many of the ways that we have discussed on this show this is a market manipulation scheme made to smash and grab the assets of italy by the way they have thousands of tons of gold i suppose that's part of the booty that the bankers are looking to pilfer as they use markets as
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a weapon of mass financial destruction again as we've been saying articulating proving in phatic lee with out equivocation or any pushback from any journalist or government official has again we're down a bit ok so never let's talk about the story again so the point is that the markets in this case are the e.c.b. are the governments are the central banks of the world because just like greece just like italy the e.c.b. has been mostly buying their bonds and the italian government and the talian banks so. the bondholders are the ones being bailed out once again it's the bond holders not the market you know equity markets or property market people who are getting out participants who are getting a bailout it's the bondholders that you know always in a negotiation there's supposed to be two sides the story you know everybody has to give and take but like with greece the bondholders didn't give a tiny even fraction of a haircut none the same with italy they don't want to give any haircut nothing
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because that cannot be. you know ever becoming an established principle we've really negotiated the history of capitalism no longer is the creditor ever part of the equation they get everything one hundred percent you the debtor is abuse so here is a tweet to the response to that oettinger who is saying that the markets are going to punish the voter well this is a different take markets spooked by political coup in hash tag italy default probability has jumped to twenty percent and here's italy's five year default probability you see the chart looks pretty good exactly if i have a credit default swap on those bonds i'm making a lot of money yes that's part of the weapons of mass financial destruction that's the market signal that they point to and say oh you can vote for populism you know who owns america's bonds who owns america's bonzo china how we might china to do to america what the i.m.f.
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is do and italy i think i'll be an actual an experiment on market terrorism expressed in the geo political basis let's say china did have a go to this do america what they are members do in italy. to see that blew through your metal i see i do want to point out that the i.m.f. has not yet involved in italy it's all about the european central bank and the european commission and the euro zone so the i.m.f. in fact had advised those other troika members to based. they allow a debt restructuring in greece and they were next because there's good cop bad cop with them next week will be saying i messed involved almost ninety nine point nine percent guarantee so i want to also point to another tweet here this is from tony's hassle of t. today's rise in two year italian government bonds yields in perspective one day move greater than anything seen in financial crisis or greek crisis so again this is the cost to insure the bonds the spike in context going back all the way to two
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thousand as you see it's a one day move that is pretty shocking how much it's gone up but you know there was somebody who responded to them called crypto macro and it's interesting this response because this is something i've heard in relation to oil markets and that is markets have changed since the great crisis market makers now hold thin bond inventories due to higher associated capital or climates this amplifies moves i did happen to speak to a former oil analyst for goldman sachs and he was saying this about the oil markets is that you should take billions of dollars to move the oil markets now it takes like one hundred million dollars and you could move the price partly because of the new regulations about how much are basically there's not enough inventory of the market makers no longer are are in this market as they need to hold collateral against their positions right so what's the market telling us they'll say the market's telling us that we need to expand the liquidity and the inventory of the
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market makers in the bond arena which means we have to reduce the banks a law they keep certain amount of minimum liquidity on their balance sheet we need to leverage the banks more because after they destroyed the globe in two thousand and eight and were bailed out by twenty trillion dollars and then some very minimal new was came in about keeping inventory and liquidity on your balance sheet they decided no it jamie dimon needs another billion dollars lloyd blankfein even though a billion dollars so we need to roll about. those regulations that could be even less own their books in a low energy economy even more and anyone protests of the populist political uprising the market tells us must be cured to simply use of this notion this is market fundamentalism you know how different the saudis as well as you know it isn't going to be fair my personal opinion about those regulations is that we didn't need any new regulations because what the banks did was already illegal to
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smash and grab assets from individuals and pension funds was against the law i believe and they created these new regulations and were to pretend to the population that something was being done and that this that what happened was so unique and new and not and had never been known before but it was simple old fashioned crimes of finance so that was just a distraction but i do believe that those regulations did have an impact particularly on smaller banks the banks of the world are as we see tumbling have been very leveraged and there is no reduction leverage for them and we see that in their market action but i also do want to say and i did say i would get to the start this chart shows why early vote and italy could would hardly produce different results italian electorate has seen little in way of wealth gained since your own creation while g.d.p. per capita is much higher in germany for italy are means below where it was upon your own creation this is by a bank of america merrill lynch this is germany this is italy as you see this is
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the introduction of the euro they weaved in lockstep together after the introduction of the euro but g.d.p. per capita since the financial crisis since these new regulations since the e.c.b. stepped into the markets and started buying certain bonds and and favoring certain participants over other germany has done well italy has done badly or not is that they're not for they are search google and you old x. times are germany fourth reich and explain exactly what's happened the last five years as i predicted well we have to go to the break but when we come back we're going to be. doing a whole lot more so don't go away. join me every thursday on the alec simon show and i'll be speaking to guests of the world of politics school business i'm show business i'll see you then.


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