tv Cross Talk RT June 6, 2018 5:30pm-6:31pm EDT
the first time it seems like he knows his first time it seems like he knows p.r. p.r. he knows or he knows him an image he he knows exhilaration exactly exactly what to say what to say he knows the way that he knows the way the media will place up in media will place up the he's a he's a very very very scary smart lart and very very very very deft and very deft and very i'd be adept dept at a drug droid when it comes to to pursuing pursuing and present and present anything anything is in terms in terms of the media and mccraw maybe doing the media and mccraw maybe doing the same thing for all we know this could be the same thing for all we know this could be orchestrated both look orchestrated both look tough both sides win tough both sides win but i have thankfully and often thankfully and often i see them. when i see them.
join me in me everything everything. on the i'll be all excitement i'm unsure. and obviously i was speaking to begin to guess of the world the world of public politics cliques also sport that's most business i'm sure i'm showbiz oboes most plus i'll see that. i'll see that. all of the things to good politicians to do something something. he put themselves on they put themselves on the lawn. to get accepted or rejected to get
accepted or rejected. so when you know when you want to be one of the present president or an interim measure of most or somehow somehow want to be part of the press press. that's what you'd like. to be to be prosperous that's what the flag that's what the flag three of them were in the morning. can't be good be good that that. i'm interested interested all that always in the waters and always in the waters of my colleagues. question.
hello and welcome across town for all things for colo and welcome across town for all things are considered standard i'm peter. peter lavelle face to face with friends with frustration and dismay and dismay for america's america's allies even members lives even members of the g. the g o p o p donald trump donald stick trump is sticking to his campaign promise to recap his campaign promise to recast watched washington continues trade relations strained relations with with the world world the reaction has been the
reaction has been lobbing loud and out in swift are we on the swift are we on the verge of a global of a global trade war trade war. stocking apos talking of possible trouble trade war or i'm just i'm joined by my own by my guess. we're going to a case where it is a consumer killer but a political conservative political commentator also here also in new york new york we had our share issue she's in a season associate professor of economics makes at at the state the state universe university of new york city of new york and an exit or weeks later we have. mcleod you have mcleod he is head of he is head of research for gold research for gold money all right all right crosstalk rules in effect of rules in effect that means
you can jump it means you can any time in germany want any time i always appreciate anyone and i always appreciate you let me let me let me go to see go to sarah sarah first the first the new your new ip or skype here. it's it's not hard to find the terms not hard to find the term trade grégoire in the in the main story in the in the mainstream media of course the media corporate media here are those are pretty media here are those overblown expectations overblown expectations because because i've been live been looking at looking at a lot of a lot of c.e. c.e.o.'s reporting on reporting on bloomberg and bloomberg and they're keeping therefore they're keeping their forecasts were cast more or less more or less the same to say their. best investment projects pins merge actions moving forward of course the course there are minor mine plane full of this but i sometimes wonder if it's full of this but i sometimes wonder if it's being a bit o. being a bit overblown or blown you know you know donald donald trump is a trump is a large large life here than figure life figure go ahead go ahead sara in new york
and new york. well well right now right now we're not and we're not entirely sure what's entirely sure what president president trying to trump is going to going to do as you know. but the but that the that the senate said he has he has stated that he did that he said he's going to implement so many fifty ability billion dollars in dollars interest in terrorist terrorists and good goods imports imported from china good from china and china and this is this is going to slowing to result a result and retired retaliates ali and tory tory the impact of the impacts from china china china china has promised promised to invest suppose you imposed it for tit for tat tat tara tara us it's on you on us u.s. goods and this is going to struggle it's and this is going to strongly if only affect both effect both the e.u. and the u.s. and china china in terms of in terms of concerns consumers humors and purse and
producer do serious fears and and in fact in fact we're already seeing some of the being some of the blowback from that low back from that. china has stopped on china has stopped purchasing just a soybean soybeans beans from the from the u.s. u.s. due to the through the threats threats. potential potential trade war war. and they canceled a canceled about sixty three out sixty three. thousand thousand metric metric tons of sick tons of soybeans by mid april mid april and they're on their purchases purchasing a seeing a lot more from odd more from russia alone russia a lot more for from brazil and brazil and americans and american farmers and first and michigan michigan and iowa and in iowa have are have already been pretty big hit hit really hard hard hard ok it will. be steve i
mean obviously loosely does suggest arizona is art. broady brought it up put up the blood of blowback here i mean i guess so back here i mean i guess if you get if you get a good way to get into it into a trade trade war in your core new country get into a trade with intuit or trade war you have you have to figure to figure you've got to you've got more and more punch to the other guy or other guys or a guy or other guys because the europeans are furious because the europeans are furious right now it's right now but the but the big big very very much a much kakadu old sold over the over the last seventy seventy years and i'd like to talk about that years and i'd like to talk about that i think there i think there needs to be to be a redress be a redress of issues that is there there. sara sidner is the issue with china which i think is high and i separate i think is separate. but but you know. donald trump donald trump made it made it can be campaign promise paying promise
and he said he's keeping keeping it for better or better or worse steve absolute absolutely and you know you know china and china and the european union canada the european union canada mexico the. six ago the that separate their separate issues really separate their separate issues really in china and china i think the the ultimate ultimate goal goal is is that i did that i wanted to bring to bring down that there are the three hundred three hundred fifty to fifty. fifty but the bill utility and dollar trade deficit will trade deficit that we have would be had with china china but but also to also to go to get them to stop get them stealing to stop stealing our until our intellectual actual of property property and treat and treat us more just more fairly fairly and that we have that respect respect so so i think that i think that's part of it's part of a grand a grand scheme scheme claim plus it is just as geopolitical political critical
considering siddur beyond and trade and trade and economic and that china plays. china plays into as few as far as cars canada added and mexico especially and mexico especially cash like canada that are there and the european there and the european union their union they're really really ticked off off that trough that trump is up is using the pretext of national security seeing the pretext of national security ready to to implement these tariffs i don't care of such a limit and c.e.o. have been c.e.o. in particular to killer killer and that's taking them and that's taking them off no one no way and trudeau is go he's been very very outspoken outspoken oaken about that about that but i but i think when push comes to shove they need of they need us us more than more than we need them we need them they know they know that oh that truck that truck is a great a grand. bargain bargaining and getting in and
negotiations and negotiations and and this is all part of it i believe this is all part of it i believe ok we'll. leave ok we'll leave we'll go back to that but i go back to that but i. i think it on the whole you're right i think it on the whole you're right but i think the u.s. and the trumpet but i think the u.s. and the trumpet ministration is a ministration is under arrest interest to maybe meeting the op the options others others have us have in the world in the world are there let me go to let me go to ads that are exit or i wish to react to act to some of the theme of the things we have said here as we have said here because because there's a very real possibility there's a very real possibility there could be a really good deal trade will be a roar but i don't think we'll trade war but i don't think we're there yet there yet and it depend depends on how everybody everybody reacts ok and not x. ok and not just two words donald trump is good just two words donald trump is good with words words words but but see about he about action actions let's let's go to
alistair go ahead go to alistair go ahead. yeah i mean i don't quite you know i don't quite buy this site by this story torie that me that. you know that you know that trump is really having a go at trying to trump is really having a go at trying and all the rest of it i think it is part and all the rest of it i think it is part of a negotiating process and i think we go see it in process and i think we have to bear in mind that there are two things going on in the past to bear in mind that there are two things going on in the background firstly we've got my background firstly we've got midterm elections coming up later this year term elections coming up later this year good point secondly. secondly there seems to be an ongoing seems to be an ongoing battle within the white house but back all within the white house between the established tween the established intelligence services it seems
that intelligence services it seems to me and donald trump and maybe to me and donald trump and maybe that the military only that the military on his side and so his side and so there is a sort of turf war going there is a sort of turf war going on which actually is all about gee on which actually is all about geopolitics and i think we've got to move politics and i think we've got to look at all this sort of look at all this sort of talk about you know trade talk about you know trade wars and all the rest of it in that context it was an all the rest of it in that context as we saw over north korea as we saw over north korea i mean couldn't get very very aggressive i mean couldn't get very very aggressive threatening to you know threatening to you know new rocket man and all the rest of it and then the next new rocket man and all the rest of it and then the next thing we know they're talking and we know they're talking and they're going to meet in
singapore and they're going to meet in singapore and then it's off and then it's on again and then it's off and then it's. again i think there's this story and i think there's this story is going to run and run and run now i'm going to run and run and run now i'm not actually wildly past i'm not actually wildly pessimistic about the mystic about what trump is is doing what trump is is doing i think that there are i think that there are talks going on which we're not privy talks going on which we're not privy to between america trying to get to between america trying and also america and also america and russia on on trade and russia on on trade now when it comes to the e.u. now when it comes to the e.u. i think that's a slightly different thing i think that's a slightly different thing because the e.u. is the one because the e.u. is the one that protection technician is bliss block lock yeah yeah i think america
is protections as well but i think america's protections as well but i so i certainly don't we don't see it see russia russia and china and the behind of being protected protection actionist just. and this idea that this idea that by putting it putting up. trade trade barriers barriers or to sort tariffs that you can repeat huge you can reduce use your credit deficit for cit that seems that to me is that me is a complete complete misnomer misnomer or because there's a trade the trade deficit deficit is compression prised of the excess ised of the excess production of production of mob money within the economy within the economy economy. and and this is why this is why you are you get that get the twin twin deficit deficits it's. effect and and this is why this is why if you get get one country one country turning turning to save more than more than than the
other country of the country you're. turned and turned to get to get a trade deficit for those of those who where the where the island balances. stop start from from bottom and i and i think think that's the thing that really needs to be addressed that's the thing that really needs to be addressed and i just and i just i just hope hope that that behind all this rhetoric but behind all this rhetoric but either donald trump or his advisors actually either donald trump or his advisors actually understand this point and know when to understand this point and know when to i mean i know you're going there to your to and i would gladly draw if i'm good or if i'm glad to run i'd rather be better because you know because you know i'm going to go to sarah sarah right now you know it's just it's just in the in the what steve steve said announcer just an announcer just said here said here that there are still are so so many many you demented mentions to all of this insurance to all of this i'm what i'm worried about read about the law the law
of unintended and kevin condon consequence of course is because china i know is isn't the use of the european union union there but we're very very very very different a different sarah you want to you want to you want a job and even if you want a job and even after steve steve spoke go ahead i think that there spoke go ahead i think that there's a strong misunderstanding about says strong misunderstanding about what a trade deficit is what a trade deficit is and the trade deficit is the trade deficit is not necessarily a bad dionysus airily a bad being it's not a win it's not a win or lose type of situation or lose type of situation when you have a trade deficit when you have a trade deficit that means that one country is means that one country is purchasing more goods from the other purchasing more goods from the other country country. and
they are from the from from from the first and first country. tree and and and it's it's not as not as a serious as nearly a bad bad thing i think both both south side sides have to have yet to gate to gate and train in trade and it has and stands the issue issue with the with the with with china china is that it's that it's. they they eat per person it's just less for less from the us the us. g.d.p. peeper kapur capita is good and they're on average is about ten thousand dollars air on average is about ten thousand dollars whereas in the us it's fifty whereas in the us it's fifty two thousand dollars so as american two thousand dollars so as americans we purchase we have a lot more purchasing cans we purchase we have a lot more purchasing power and we purchase a lot more from our and we purchase a lot more from china than they do from us and we when we get tighter than they do
from us and we when we get good goods there's no risk no loss of losses there is there are ok let me go about this fever in ok let me go about this fever in new york york. oh my how much abuse is it is this business political would it go because well because we already we already heard i heard them mention the mention the midterms herm's beings being mentioned mentioned here and here is is this something is something the donald trump needs to serve up to his being the donald trump needs to serve up to his base be case because because as we've pointed out when it out here is out here is bay's base. in the process process could as could be debbie damage imaged i mean it's i mean it's a delicate delicate but good bound balance isn't it isn't it should go in go ahead steve. it's a it's a very diverse delicate delicate balance balance and yes i mean you look at you look at the states eight so that where the where the farmer farmers r.'s are and the hurt the hurt that they're that they're feeling in many recent in many respects
in facts and could feel could feel down little down the road road but in that in that case trump is a promise to use to use. federal federal funding bonding that's a vets available. to to to to bail out bail out if not if you will the farmer supro farmers who promise that imus that they will that they will not suffer for i don't i don't think i think he needs this polish politically for the medically for the mid term in terms of right is right now i think i think he's right he's riding on the thing on the tax tax cuts he's got he's looked looking thing to make the. individual vidual rule cuts cuts permanent herman it is what it is looking to keep the past that has that lead just legislation play should from prior to to the mid to the mid terms terms he's he's also he's also though has this has the summer summit coming up coming up. in june and june twelfth or eleventh or eleventh time
if you if you will you will you know if you know if you want to get want to get technical technical goal with north korea and north korea and he's talking he's talking about going about a site a sub with poor with putin so so i think i think he has and he has enough a couple complet. and he's doing enough and he's doing enough things to things to to to to satisfy us by the bait the base and motivate the base the base heading he's heading into the mid to the midterms but this it turns but this is such as something up thing i've know i've known donald donald trump. to interview interview him you him and to and to. and to have and to have a relationship with a relationship and that risk that respect with back with him him since the early eighty's and see the eighty's early eighty's and then it was a sport and it was but sports but when it it when. matured from sports sports this this is says something that is all things that always been on his his mind and the way we're the way we're treated unfairly treated early whether unfairly whether
said or it's a native nato whether it's through trade whether it's with bad deal it's through trade whether it's with bad deals and he what he what he was what he was he was he ran i ran on fixing fixing these things saying these things he is fix is fixing these things these things things and he's and he's going to going to fix the specifics these things it's what things big one big no go to negotiate. and we have and we have yet to yet to see seen it will lead it will end up wind up we don't know where it will end up will end up you know you know it was the one day the day there's no parallel trade war next day he's going he's putting his no trade war next day he's going he's putting terror of saw a pair of socks it's all it's all part of all part of a grand scheme the grand scheme he keeps he keeps that guess i'm guessing a thing. he does how he got out we were right side steve let me go let me let me go back and let me go back to this is not the problem if this is not the pro let me go back go back to sarah but the to sarah but the you know you know it cuts both sides
both ways still to a steve ok ok markets markets invest investors don't like predictors don't like unpredictable people unstable stable situ situations and i do asia think this and i says i think this one says what the environment will retire mean and on top of it but in and on top of it the kind of look kind of rhetoric rhetoric has been used to get it's been used against china and china i don't think is a think is a very diverse good to go good to go she had a good strategy with the chinese she had a good strategy with the chinese knees go ahead go ahead and get. this chinese this is not chinese this is not how the how they negotiate this is this is a seed status to see this type of the new viruses. maneuver a slap and slap in the face and face and the way ends of the way china go to china negotiation is by making i make. conciliatory conciliatory
measure he measures cultures going back way back and forth worse. and this is something that is this is something that is going to going to take to actually stonewall to actually stonewall our relationship while our relations with china. have a really negative and have a really negative impacts it also hasn't helped us in tax it also hasn't helped the stock market every time the stock market every time there's an announcement. there's an announcement out potential trade wars the stock but potential trade wars the stock market goes way down and arc it goes way down and also companies both in china maltais also companies both in china multinationals in china where the nationals in china that what where you get out why was i was where i'm down why was i was well down where i have found where i was and how many how many times have we
seen it and how many how many times have we seen the stock market go way down then it was off the market go way down then it would back up ok this would back up ok but this is proving my point steve ok we have to prove my point steve ok we have these really good extremes going on here these really good extremes going on here the markets are to the stock market the market soared the stock market is doing very very well everybody knows that it is doing very very well everybody knows that but when we made the announcement i think but when we made the announcement i think a drop two hundred fifty points again that's a drop two hundred fifty points again this predictability that's the issue predictability that's the issue i'm trying to highlight here and i'm trying to highlight here and also here what two hundred fifty pounds here what two hundred fifty points with all due respect with all due respect it. day's market of twenty five thousand in today's market of twenty five thousand two hundred fifty points is nothing twenty fifty points is nothing so are you staying home with this reality
are you staying home where you're actually her age worried every added layer of the i think edge worried reaction ok we're going to jump in action ok we're going to jump in here we'll continue our shouting at the guys here we'll continue our shouting out the guy thing when he got bit after a short break thing when he did but after a short break we'll continue our discussion on trade war so continue our discussion on trade war stay with our team stay with thirty. the d.c. family was engaged in medicis family was engaged in massive political financial corruption massive political financial corruption and waste led to and which led to a concentration of wealth and also a concentration of wealth and ultimately the downfall of that country the downfall
of that country so in america you have a summary so in america you have a similar color of corruption playing out and we call it money option playing out and we call it money and pollen politics ticks and people times on tape it will try to get rid of the lobby and get rid of the lobbyist guests and this is and this cycle cycle is being played being played out laid out all over again all over again and hands other things on the question the question is is it is it inevitable does it inevitable. that when applied to make so many flips so many flips over the years so i know the guy means with the years so i know the guy i mean so i dived so i got. football football isn't always an only if only if i want but what happens happens on the pitch on the pitch which would put the final school the final school it's
a it's about the put the passion passion from the family lambs he says it's the age of this is the age of the superman ija superman ija killion it will be an interest in sparrow news and spending to be true to the twenty twenty million million b n o one plum playa. cook book it's an experience an experience like no food it's like also no food also to pick up because so close i want to share what i think want to share what i think i'm going to want i know but the people always will john know about the beautiful guy maybe. my great great so we'll to we'll moche more chance comes for. let me. see the face going to explore needs.
live. welcome back across the uk were all welcome back across the uk where all things considered i'm peter bell to remind you we're talking about things are considered i'm peter a bill to remind you we're talking about potential trade wars potential trade wars . ok let's go let's go back to about alistair i want to read i want to read a few words of a few words of quote here from jeffrey sachs quote here from jeffrey sachs of x. we have a very very well known and well known amiss known economist particularly an easterner to clean eastern europe and europe and russia and russia not for the better not for
the best results reasons i buy things i'd like to point to point out. he has just described. donald trump trump as i says isolating america america and india he declares him he declares him a psychopath's trade war a psychopath's trade war how do you react how do you react to jeffrey sachs to jeffrey sachs calling the president thinks calming down it's pretty it's as if in the united states a second psychopath. i think sites like a park a path is a is a bit over bit over the top i mean he i mean he is i know he is didn't i know he didn't. get elected on the basis get elected on the basis that he was a lot of he was like the i like the other polish politicians but he is a petition's but he is a politician all the titian. and. you know he you know he behaves rather like one rather like one just maybe just maybe a little bit differently he little bit differently he hasn't doesn't spend
a lot spend a lot of time style the time studying the thing the book on book on the art of the art of diplomacy poesy mysie. you know you know he's going to go his own way and way of doing that doing things things and i think that i think that's fine it's fine and we know we will get we will get used to it it's not to get used to it it's not. it's not a problem but i think i think the other thing is that the other thing is that what we what we see in the head see in the headlines of course lines of course you've got to go to press which press which which. you know having been accused of fake news norm you know having been accused of fake news and all the rest of it i mean they're not all that chorus to it i mean they're not all that kind to the man they never were there never mind to the man they never were never on saying the same. pages or pages donald trump to begin donna with from to so begin with so an awful an awful lot of
a lot of what we what we hear here i think we've got a tour i think we've got to take with a bit of a take with a bit of a pinch of sort of pinch of salt but the feeling i do feel yet is that there is a lot of i get is that there is a lot of communicate of communication actually going on between actually going on between donald donald trump and trump and and president xi and all said and she and also vladimir vladimirovich. i don't know what's in i don't know this for certain certain but it just but it just this is the way thing way things work things. work you have back channels you have back channels. and so the id idea that idea that. this this public slanging match slanging match if you like in on the one how much if you like you know on the one hand it's going to be and it's going to be. twenty five percent on twenty five percent tariff on some a terrible and something else and then thing else and then china china respond responding funding i think i think think this is really is really for for the pub
the public if you like if you like and as i said as i said earlier you know we are you know we are in coming up to mid-term election term elections that i think is very very that i think is very very important very important. so you've got you've got all this all this sort of sort of stuff get off going on but on but i think at the end of the think at the end of the day. things get sorted out in the things get sorted out in the background ground and i am quite around and i'm quite optimistic optimistic that this mystique that this won't to generous won't to generate into something it into something really serious thing really serious i think there are i think there are other things things that do what do worry me. that that's really over the really over the isolationists that isolationists stance of a matter of america it seems to me it seems to me that the that the rest of the
world the world has actually grown as an actor and quietly grown quite well world without america without america america will grow well on her america will grow well on her own because because she's putting in she's putting in a massive budget acid it's tim budget was it stimulus and that and that budget stimulus emulous i think this i think would think which current which was current which will coincide will coincide with with china's purchase china's purchase. this is the role the raw material material serials. with the way with the way the europeans the european union is beginning to end union is beginning to take off i think take off i think that's going to lead to mass going to lead to bigger and bigger inflation problem solution problems down down the road on the road now that might now that might put and put an extra extra space spin into an end to this is this. if you like if you like trade terry raid.
if tight tight thing thing because this because this this is bias is bound to increase protectionism priest protectionism i think in europe i think in europe and possibly in assembly in america america ok sarah sarah then what is the what is the role role of the world the world trade trade or aid organisations mean inane in again and again this is this is western western driven driven that even the rules were rules were conceived conceived by you by the west china did the west and china did join. in a lot of people lot of people said took advantage that took advantage of energy but that's it that's a different different topic and the topic and subject object and program ogram it sell itself here but it seems to me when you appear but it seems to me when we have so we have so many of these lorries large he can achieve anomic nomic blocks blocks or power powers hours squabbled wobbling among among them sell them selves then the
holds then the whole did have in the world point of having the world trade. organization is really organisation is really quite meaningless white meaningless and what about what about now nafta after. what happened what about about. if if if if it breaks regs it happened happens what does what kind of relationship kind of relationship it is. the u.k. u.k. going to going to happen happen have with the. states united states these of these of the the the euro. p. a new in european union i mean what i mean what i'm saying is the news is that it gets to gets very very very calmly complicate implicated there so there's so many different a different angles and goals and different different dogs dogs can actually connect you and then and then you have to have the largest barges largest barges me in the world economy in the world and yes it is china in yes it is china in the middle of the middle of it all going to hit. the world the world trade organization aid organization nation was created created based on the presumption start the
presumption that that their work their world was rolled was moving towards moving towards a. system of free trade in a free trade and the u.s. was leading that was leading that if you had a logical logical apple out for her and now the end now the u.s. u.s. is moved is moving away and away from it a firm it. and so and so they. know it has it has become less relevant in a way a relevant in a way party particularly feel early for american. politics potentially takes potentially for the u.k. for the u.k. a. and elsewhere and elsewhere there and and i don't know that i don't know that it's necessarily fairly. going to be going to be something that something that people are able to ignore entitle or able to ignore entirely
early certainly certainly that only the tariff tariffs that our press that our president is attempting to have as it is attempting to impose on china pose on china as well as well as other color countries country would be would be questions questions asked and sometimes and possibly possibly really rejected by hit by the world the world trade or trade organization to satiate ation and i don't i don't think that think that it's necessarily. necessarily going to going to speak . i think going at the thing of the past the world the world trade or trade organization that is that is i think that's the sound the sound how they're how there might have to be some we might have you organization to be some reorganization of it you know that either is that either that or the u.s. will or the u.s. will have to go through it have to go through another area logical another change
ideological change again and again to our exports treaty treaty trade trade but that's not their direction that's not their direction that we're moving in curvy and currently currently you know a state you know if you know the a steve you know the united states the united states is a long lives a lineage of prolong it action a study edge of protectionist. i'm strata dratted g.'s that she's the president said in deployed in deployed in to grow in to grow and industrial auto and industrialized the americas the american economy i mean the economy i mean it's been of it's been a big big plus plus we being very selective very selective here of here but you know but you know a go again there's again there's the has the historic storable thing a little thing and i mention the beginning of the program to mention the beginning of the program is it after is it at the second after world the second world war war germany and japan later germany and japan later south korea and south korea were
really given were really given really sweet hard hard deal deals by the by the united states to grow states to grow their economy their economies for geo miss for geopolitical reasons of course during the cold war no one denies that but political reasons of course during the cold war no one denies that but the cold war is a war it's been over for a long over for a long time time and time and and and and it's time for the europeans to me that you know it's time for the europeans to me that you know in a in every every cent. ends pay their rooms paid their own one way ok ok and i need to nato. trade traded all day and all that that i mean i mean i could i understand the logic of did i understand the logic of donald trump and donald trump and do we doing this thing this here. from the united states is very very benevolent bill into these this part of the world because of geo political these this part of the world because of geopolitical reasons not because it's because we're all not
because we're all. on like each other no one like has other know is for good solid geo political reader reasons good solid geo political reasons but those but those reasons reasons are evolving and evolving and changing and changing and everybody everybody has to pass to pay their pay their way the way we all know what's happened we all know what's happened to the middle the middle class klaus house the way the working working middle class in this and united stated states is it's it's it's it's if it if it's not stopped suffering it's gone it's gone on ok that's why i try ok that's why i try and put up with elected elected go ahead go ahead steve steve well well i don't know that it's gone i don't know that it's gone i think it was suffer it was suffering and i think that that's that's that's that's one of the one of the reasons i reasons out trump out trump was a lad was elected but by the year after that but but you're absolutely salute the right right and america america ken says this is our our fed
fed off with this with this and now said mary you know that you that you just portrait just say they're portrayed there they read they realize what allies what we had and why we we had had it but that but there's no reserves no reason to really want him to really have it have it any more any more or one what i'm talking talking about about the base that basically and donald trump's term donald trump's terms this is that i'm is that america keeps their. getting skips getting screwed and gets the should and gets the short end of the stick to where there is funds funding in ending in nato nato well whether it is in train trade deal deals with whether it is there it is it is the funding funding the united nations no matter what it in the united nations no matter what it is or the or the paris paris of course accords that we drive towards that we dropped out of it out of it so it's
always your choice the united states that bear states that bears the brunt brunt of the birth of burden of burden of the cause the cost us when there are when there are other other countries that can countries that could well afford it for it and don't pony up won't pony up what they what they what what is their fair what is their fair share share and this is all and this is all part of part of the thing the thinking thinking all of the part of the the the mind set of donald try and set of donald trump and then they go out and it extends to the stands to these trade trade deals deals and trained trade enjoyed in general adderall and that's and that's why you why you're see you're seeing what you're seeing what you are and you're seeing and his base his base loves it loves it and so and so did the american but of the of the people erick and people oh they love they love it they have it they don't they don't they don't want what cut for confrontation taishan but they don't want to but they don't want to get stuck get stepped on up to on any more of those anymore those days are over these are over ok ok ok ok good alister i
also limited alister i agree with a lot with steve there said agree with along with steve they're sad to see you say but it was but it was it wasn't you know you know if this is this is not just state to state to state these sort of corporations state these are corporations and what we saw and what we saw over the last thirty thousand over the last thirty thirty five years thirty five years is west western companies companies moving their production moving their production outside of the country outside of the country to make making huge huge profits. if it's not if it's not being replot being repatriated i mean i mean in the reason the reason why we have our we have these policies is not to you know the president to have these policies is not to you know the president has found as fast trast track to bilk ability but he who wrote all wrote all those all those bills bills i have a pretty good i have a pretty good idea who did it he who did it work in a work it was in politics and politicians like actions i can remember a lot of times it allows any part of any politician or teaching actually actually wrote he wrote legislation was a legislation was always a lot always
a lobbyist to go ahead and we had our exit or. exit or. do your do your absolute salute be rightly right about it about lobbyists and this and i think lobbying is i think lobbying is appalling and i'm looking forward to appalling and i'm looking forward to break bricks it fits there's no more lobbying there's no more lobbying in brought in brussels as far as well as far as we're concerned but but i just want to just want to sort of get sort of go back a little bit and go back a little bit and you know i think you know i think this sort of constant sort of concept that that. germany and japan in japan got sweetheart pan got sweetheart deals after the war after the war they got they got final financing in saying yes yes but i don't think so but i don't think we should we should third. row rubbish
bish. that put those to those two countries or three or four. of those to those two countries agreed to meet their recurrent coverage harbury. i mean it was fear that it would i mean it was a sphere that it was very very you know and not only that and not only that but the big difference but the big difference the big the big difference between difference between between been between germany and japan japan hanne and america was german was germany and germany and japan. and when when they borrowed they borrowed they borrowed borrowed to in-between invest invest in productive duction in more and more efficient efficient production production in production which action in production which people at what people actually wanted to buy wanted to buy it in the case of american. they expanded credit really expanded credit really not for production but not for production but for excess spending spending rather
rather like italy to like italy today if you like they are worth if you like a worth exactly not quite not quite as bad examples a bad example. so so. you know in a sense i think once i think you know i think you know i think i think i think to sort of you know both of you know blame the the. the germans and the germans and the japanese and the japs were being skinny's for being successful in the people in the purse worse war no no yes yes i think actually missing actually misses the holes the whole point of no one told me. i might die not to straight i'm not dismissing hard working hard working germans and hardworking germans and hardworking japanese japanese and really hard work really hard working starving south koreans or i don't i'm not i'm not disputing that ok ok please please please so well so. right so right so you know no
no no. point to point a gun we're wrapping and we're rapidly running out of time seriously running i'm sorry you want it you want to jump in that's a point of jump in that's the point of the program program go ahead go ahead. i know that the u.s. i know that the u.s. is necessary is not only getting the short or certainly getting the short end of the stick i mean i mean as as. you mentioned. most multinationals a nationals american will take merican multinationals have also. overseas and they've produced overseas and they've produced in china and china and other country or countries before that for them at a really at a really low cost of the prostate a shit that you should meet a huge amount of profit profit and export exporting those those goods goods back to the u.s. back to the u.s. and us and other major nations so i don't know that our so i don't know that our free trade policies have necessarily have necessarily barely been and. you know
again you know against our own interim interests press ok ok i would just be sick ok let me let me ok we'll go to steve if you let me let me go to steve you know when you're at your house you know you're a writer you're ok right well well where i. made. it was on it would because all of you all of you disagree disagree and reimagine bantay antacid i think i would i let me go to you go to our or real real quick and quick and then i'll go to no to steve steve go ahead ouster go ahead ouster. ok ok now i think i think the point the point actually that actually that sarah sarah was making is making is right i mean right i mean where apple where apple phone phone made it in america america no no no i designed i designed the maybe but maybe but basically basically they're made. in eastern asia in.
nature so you know you know trade trade is it is global global and and if you still if you start spending spanners in the workers in the works then stan basic basically complete consumers will pay and the humans will pay and the rate of inflation in america will have been inflation in america will only in the increase if east if don't don't trump introduces trump introduces trade tariffs trade tariffs it's really a sense it's really as simple as that ok steve i'll give you the last word plus that ok steve i'll give you the last word of the program go ahead how is this making me the program go ahead how is this making america great i was making america great i was making america great. have a great forty seven because kevin mckidd. kevin mccarthy the majority leader of the house party the majority leader of the of the house is backing down is
backing down on. his tactic. his tactics in the terrace he points to can expect the terrace he points to canada for instance and says look as they try to for instance and says look as they treat our dairy products look at our winds which are dairy products look at our winds which can't go in there supermarket shelves so can't go in there supermarket shelves so it becomes a matter of pride it becomes so it becomes a matter of pride it becomes a matter of of of being treated a matter of of of being treated fairly the optics of being fairly the optics of being treated fairly. as well a very important treated fairly as well a very important here don't overlook that here don't overlook that ok well i'm going to end on the note here ok well i'm going to end on the note here probably controversial for our all of your probably controversial for are all of you you know i don't tend to see the united states as you know i don't tend to see the united states as a victim in the world very often ok so a victim in the world very often ok so let's keep that in mind and we'll see willis
keep that in mind and we'll see where this is going to go we've seen the past where this is going to go we've seen the past trade wars are bad for everyone as trade wars are bad for everyone many thanks and i guess in new york i'd say many thanks and i guess in new york and in the end an exit or exit or and thanks and thanks to our viewers through our viewers for watching us here at r t c is here at r t see you next year next time time and remain and remember number rostock will talk rules .
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rock killed in the syrian city of rock. after i'm of the amnesty insist international national claim to the us the u.s. led coalition. might have might have committed war committees during the war crimes during the libby liberation of the spray shitty lighting of the city last year this year. period in germany after the germany u.s. ambassador to the us ambassador is that there is accused of accused of backing for a king all right far right groups in group europe seen europe. he needs to be a little bit more he needs to be a little bit more careful this casting of this. casting. on the cross across. the u.s. u.s. over and over new york post post trade trade tariffs arabs promising promising cash from the intimations for next month next month calling the milling the move by what by washington illegal people.