protesters clashed with police on the streets of the ecuadorian capital as the government ditches fuel subsidies to meet the terms of an air flow. the u.s. state department approves the sale of millions of dollars worth of antitank missiles to ukraine with the country proving to be a rich source of money scandal right now and political intrigue for the u.s. . and american presidential hopeful bernie sanders declares war on the super rich get massive public support surprisingly you may think from facebook's billionaire mark zuckerberg the streets of new york if the one percent will be seen as an oppressed minority. oppressed. people. i don't think
they should be hated they don't believe in demonizing the successful. minority we're living in a world when you were. there at international weekend for a good day to welcome to the program this saturday life the art world to send to moscow it's kevin i would meet you for this next stay so 1st ecuador trouble they're in the grip of a wave of violent protests after a state of emergency was declared thursday demonstrations began over the government's decision to end fuel subsidies with petrol prices expected to more than double the. was. students and transport workers were leading a national strike and the country's presidents using emergency powers know to put
troops on the street in a bid to try to maintain order but they've been seems a chaos as police clashed with protesters and at least $350.00 arrests the fuel subsidies cost the government more than a $1000000000.00 a year and they say there's no chance it's going to be reinstated it's all part of the president's plan to cut public spending to meet the terms of an i.m.f. loan agreed in march until he goes down off takes a deeper look at the impact it's had. the i.m.f. is a generous and open handed and giving entity whenever a country's economy is in grave need my immediate priority for the i.m.f. . to help members minimize the risk of crises we focus on job creation we focus on productivity we focus on stability stability actually will be my my my key focus is to build drunk economies so people
fly 30 rule except far too often when they stayed places it's trust in the i.m.f. it ends up in scenes like these. people like look i sure screeches i don't know the facts she doesn't say the charts are still. the last pictures we showed you are from ecuador a country that proves that the i.m.f. does business the same way on both sides of the atlantic at the expense of the people the ecuadorian administration reached a 4 point $2000000000.00 deal with the fund in exchange for a forms abiding by its trusted playbook the i.m.f.
marketed it in a non surprise fashion achieving their own last fiscal position is at the core of the authorities programme which will be supported by a 3 year extended arrangement from the i.m.f. well i've already kind of spoiled to you how this has turned out so far in turmoil in the streets and the state of emergency the authorities have voluntarily renounced their right to choose they must follow through with the tax reform stripped their citizens of some labor protections and cause fuel prices to double measures wildly unpopular among the people well but these are the commandments of the sect of a stereotype and like we. any cult it's easy to get in not to get out in 2002 the president of malawi a nation in africa said that the i.m.f. had forced them to sell the country's strategic grain reserves they did and as a result millions of people were exposed to famine when the drought hit something
the i.m.f. outright refused to accept any responsibility for the causes of food shortages in malawi are complex including lapses in the government's early warning systems distortions in domestic markets and mismanagement of food reserves in more recent cases the i am of bailout programs for italy greece ireland and portugal ignited europe wide and to your sterrett in movements just when people realised that in reality the money comes not from the i.m.f. but from their wallets in ecuador just over 20 percent of the population support the reforms that came until with the funds billions because the i.m.f. is a robin hood who got it all wrong and now gives to the rich and takes from the poor the i.m.f. is given a credit to our country is under certain conditions on the. day they control the economy and they're going to go on which is about the goal of the i.m.f.
what they are really following this try to open the economy of whether just to make the. ecuadorian people in the future going to get access to a different kind of private services that they big they don't got but the thing is was the cost of this going off to ration of the economy anything they're doing we know they're going to increase inflation we know they've been increasing unemployment rate at the moment but in theory yes in theory back with all of the future going to be an economy similar like the u.s. economy or mexican economy let's say but obviously with that with our high like i say with the cost of mystery and that's going to be. tracking next that impeachment inquiry in the us. said to donald trump over his phone call with the leader of ukraine which is the white house official subpoenaed over the president's contacts with the democrat spearheading the probe say trump's left no other choice as for u.s. military aid which course plays an important role in the whole scandal or monday the u.s. department of state approved the sale of nearly $40000000.00 worth of anti-tank
weapons to kiev the $150.00 javelin missiles come on top of the $200.00 sold in the country last year a senior correspondent regards the of looks at how ukraine has turned into a gold mine for the u.s. . at 1st sight you wouldn't take ukraine for a land of opportunity unless you're into peddling weapons the javelin system will help ukraine build its long term defense capacity to defend its sober instance oratorial integrity in order to meet its national defense requirements now ain't that just the american dream selling weapons to a nation that can barely afford to keep itself warm in the winter and not just any weapons the javelin by far the most expensive and its class more than $200000.00 for the launcher and a rocket was uneasy though it took a concentrated push by arms manufacturers lobbyists and politicians to overturn
a ban on lethal weapon sales to ukraine and this man this man was at the center of it the significance of this is that we lifted the ban your arms did provide anti-tank weapons. and now we're prepared to treat you crazy like any other normal country which it is just look at his face doesn't it radiate honesty and empathy but appearances can be deceptive kurt was naughty kurt had a little side gig going on that was all hush hush the side from representing from. in ukraine he also worked for the b.g. are a huge and powerful lobbying group which surprise lobbies for a theatre the company that manufactures javelin missiles and will make millions by selling them to ukraine kurt unfortunately resigned in september aside from the
whole potentially corrupt thing with b g r and greatly and he was also embroiled in the trump ukraine scandal speaking of which trump has recently put on hold almost $400000000.00 in military aid to ukraine it leaves out. a scheme to use the leverage of the presidency you use the leverage of the. vital military assistance to a foreign nation. to provide or tame dirt on a political opponent it's hard to imagine a more serious set of allegations than those contained in the complaint cheerlead they can't all be rotten this is adam adam has a much friendlier face than kurt adams seems genuinely concerned about ukraine alas adam doesn't seem to be any better see among adams sponsors is
a fellow named igor pasternak who makes a lot of money on military contracts with ukraine is the pasternak recently hosted a fundraiser for adam after which the congressman began all but the mounding that the us said money and arms to ukraine which would allow his generous sponsor to reel the tire ukrainian military just last year him 16 project was conceived some time ago as ukrainian own forces border guards and national guard will be time switched to nato standards honus to you could probably film sin city 3 with. characters based on these guys but even if you don't sell guns and don't get kickbacks or donations from mama's manufacturers you can still use ukraine here for example as ukraine's national and t. corruption bureau chief sit nick recorded bragging about how he helped hillary
clinton during the 2016 election. but hillary i help to rebuild homes to the co-hosts of politicians who comprise the huge money in the us both in the u.s. and in the entire world for runs that is sort of better oh you could definitely film sin city 3 with these guys but the audio is real confirmed by ukraine's attorney general it was missed the city by the way who published dirt on trump's campaign manager in 2016 in the real last anyway but the fellow tried so what if you don't have guns to sell or elections to win what if for example daddy months to get his young boy a nice cushy job where he didn't have to do much well ukraine's the help booth john biden's son and john kerry's stepson landed executive jobs at a ukrainian energy company now strap yourself in hunter biden earned
$50000.00 a month 50000 in a country where the average wage is a few $100.00 and you know what in the weird and wacky world of us politicians and i think i gave you a taste of just how wacky it is that's normal the underlying about problem here was of course hunter biden receiving $50000.00 a month from ukraine energy company do you think that that is evidence of corrupt behavior no people are set on boards and they get mind 3 payments it was always a playground for america you can. in 2013 victoria nuland boasted about the billions america spent supporting democracy in ukraine or meddling in its politics you pick since ukraine's independence in 1901 the united states has supported ukrainians as they do democratic skills and institutions as
a promotes it in participation in good governance all of which are preconditions for ukraine to achieve its european aspirations have invested over $5000000000.00 to assist ukraine in knees and articles that will ensure a secure and prosperous and democratic train well thank you mr nuland didn't ukraine turn out great but then again look at it like an american senator you don't care that ukrainians are poor cold stressed and hopeless what you care about is that your sponsors can make money and keep donating to you what you care about is ukrainians helping you in elections what you care about is ukraine providing your kids with comfy little jobs that pay millions over the years and if you are an american senator well ukraine couldn't have turned out any
better. u.k. government has fully acknowledged the killing of maori people when a british explorer arrived in new zealand way back in the 18th century but the ramifications still having an effect today the official statement stop short of the full apology some open for. knowledge the death of 9 of your ancestors and see you as the descendants. i often my every sympathy. for i understand pain does not diminish with time so the long dated back story here the 1st encounter between captain james cook's men and. digitals people was in $1769.00 that led at the time to the deaths of at least 9 maoris britain's newly expressed regret came just a few days before a government funded commemoration of that landing and it is just in fact the latest in a series of similar actions they've taken over their colonial past in 2013 the u.k. agreed compensation for more than 5000 torture victims of a 1950 s.
uprising in kenya and earlier this year former prime minister treason may describe the 1919 massacre as a shameful scar on britain's history in india when troops fired on unarmed crowds containing some nationals protesters and killed more than a 1000 people according to some indian estimates but again her words were not seen as a full apology or we spoke to a maori rights to says the wording of these expressions is absolutely crucial. it's not an apology and it's an expression of regret and so those are very particular words that have been used and the british high commission has reclear she was not speaking on behalf of the british crown to the actual ones that seat james cook a lot i think great britain would be the exception to seeing the vanguard of imperial expansion as as being heroes i mean this is the same for many european
empires they here are sized their activities and they got to write the history books and my price themselves as the vote but to say and an expression of regret which is literally a non apology that it's impossible to know what really happened when there are numerous accounts they have slight variations but they all agree that these people were unarmed and were killed for the sake of demonstrating supremacy we know that it happened. facebook founder and the world's 5th richest person indeed mark zuckerberg has made quite a surprising statement or were considered by agreeing with us presidential hopeful bernie sanders that billionaires should not exist with the much maligned donald trump at the helm of america it raises questions on whether or not the rich are becoming an oppressed minority killam open investigation. billionaires pretty much rule the united states the president himself is
a billionaire but apparently he is the most threatened and bullied man in the country he has turned american diplomacy into a cheap extortion racket let's be honest donald trump is a loser all his failed 'd businesses trump cares about exactly one person and that one person is named donald trump i'm sorry that you're a terrible president. well perhaps but the bullying of donald trump has very little to do with him being a billionaire billionaires almost live in a parallel universe with elite parties private jets and little islands that they own but apparently some billionaires feel like they are a persecuted minority it's the ordinary people that are persecuting them led by a boogie man named bernie sanders. billionaires billionaire billionaire billionaire billionaire billionaires billionaire i am not a billionaire due to all that class hatred incited by bernie sanders the rich are forced to hide in fancy restaurants and the studio of the fox news channel is no
longer safe for them to roam the streets with commoners let's go back to bernie sanders for a minute when you're having a standard you hear what the hell has he done it's aspirational i didn't start with anything to penalize everyone that's done well now steve schwarzman the founder of blackstone says that the treatment of billionaires in the united states is starting to resemble the treatment of the jews in nazi germany seriously he actually said this it's the wall it's like when hitler invaded poland in 1939 and he's not the only one it's a rising trend if you go back to 1933 we've different words this is what hitler was saying in germany you don't survive as a society if you encourage and thrive on and view it genesee the wealthy t.v. preacher kenneth copeland has also reported suffering at the hands of the not so wealthy. or a huge fire lines you can't manage that today right this don't feel old world right
get in an air get in alone too with a bunch of demon so the gap between the rich and poor in america has reached its peak in half a century sell do you think that billionaires are really an oppressed minority we decided to ask new yorkers what they think that's a joke right oppressed. not at all welcome to be approached minority when living in a world where i don't think they should be hated they didn't get that way well most people did a really successful got that way because they work they have enough money so they can protect themselves don't believe in demonizing the successful i mean their majority of them has created a product or service ness or result of. the good work that they've done there is their success so i don't demonize him for being successful now this notion that the rich are somehow mistreated by society is certainly not a new cold war novelist and philosopher i know rand wrote an entire book called atlas shrugged it was about how the rich of the world go on strike against the
ungrateful rabble who levy taxes against them but average americans just don't buy the argument seems that when the ultra rich claim the world has been unfair to them they don't really know what fair means kaleb up and r.t. new york day 20 most katon this is all too international ahead of the great well sold by face control in front she going to image sky i mean home call his musk self the protest is that. the world is driven by a dream shaped by. the
day or thinks. we are to ask. the entire proposition financialization because without a base science of value to value time you have no basis to value this financial eyes post industrial economy whatsoever it's all basically a guessing game. saturday the 5th of october high there hong kong thousands defying
a face mask that comes into force saturday the emergency measure to restrict face coverings resulted in violent clashes on friday when protesters smashed windows and set fire to the city's metro system and dozens of shopping malls will be closed today it's the 4th month of violent demonstrations of the territories against beijing's policies they started in opposition to an extradition extradition bill that would have allowed suspects to be taken to mainland china for trial bill has since been drawn. picture perfect in france it's set to become the 1st european country to roll out a nationwide i.d. program using facial recognition technology presence among them across has been pushing the initiative despite a barrage of criticism about privacy concerns in paris charlotte dubin ski for us. your face is your passport it's a saying that's becoming more and more reality in the modern world we may already be used to the idea of facial recognition to access off smart phones or even
certain apps but how about the idea that governments are now moving in the direction of using your face as a means to access your digital information as a citizen so that could be services such as taxes and social security without there being any alternative that's exactly what's about to happen in france it seems it's set to become europe's 1st country to use facial recognition it's caused syria monks critics who say the id program dubbed him his premature and they've also raise concerns about its privacy the processing of the personal data which reveals racial or ethnic origin political opinions. prohibiting. the development of this technology unprecedented opportunities socially beneficial to use a. serious threat to human rights and civil liberties most notably the freedom of
expression the freedom of assembly and association the right to privacy and the right to a fair trial. i listened an acronym for certified online authentication on mobile will be rolled out in november according to the french government it will enable any individual to prove his or her identity on the internet in a secure manner but how do people here in paris feel about it uganda's force people like. not even getting a choice in the us and they get to do one thing and then if it's really rough it's true that it could be dangerous i don't know much about it i think security is more important. it doesn't bother me but i don't have a choice i think people can already do that with social media there's also been concern that this could be the celebrity slope to facial recognition biometrics being used by c.c.t.v. i mean every move that you make could be entered into
a database and that's already happening in countries like china the french government though insists this will not be the case here and it says any footage to use facial recognition will be raised within seconds but those assurances may not be enough to persuade people given that state security standards in france have already 'd been breached earlier this year it took a hacker a little over an hour to break into a secure government messaging app so many are perhaps concerned that all technology is pregnant will and that their information could fall into the wrong hands big brother is watching you and soon you may have no choice but to let it show if you can ski r.t. paris. this is so for the son of a so much more about he don't come here most coke what is kevin all instances of thanks for what should have a great weekend and stay with us if you come much incoherent after the break.
or this is the kaiser report we get into it like you probably are used to so if you're not used to it get ready stacey hey max well you know what we have a topic today that is right in your court and that is i know you used to be an options trader on wall street so we have some stories from the options market and the topsy turvy world where the black in shoals formula was supposed to get rid of risk it was supposed to help separate risk and reward this paper was published in 1983 the black initials options formula and negative rates are rewriting the rules of modern finance negative interest rates have quite literally broken one of the pillars of modern finance as a columnist and such a banker as weigh the pros and cons of sub 0 rates and their impact on the world traders have been contending with a rather more mundane fundamental issue how to price risk on trillions of dollars
of financial instruments like interest rate swaps when their complex mathematical models simply don't work. right now the black themselves model didn't get rid of risk that separated risk from reward so i make the analogy to the atomic weapons or the atomic power of the whole idea of einstein's discovery that energy equals mass and by understanding that you could create an atomic weapon that was based on a fusion exciter oh so in the financial world. the black controlled model basically pried open risk and reward and you could trade risk separately so in the options market which followed only 10 years after the us you can trade an option that has no intrinsic value at all just has implied value based on.