to manufacture gains and to manufacture a bit of cushion on this way down to oblivion but even the swiss national bank remember they were geniuses last year because they were buying stocks they now are down hugely billions and billions of dollars because they live by the sword they die by the sword they have totally lost track of their role as a backstop to the banking system to become this enormous hedge fund and now they're going the way of most hedge funds into irrelevancy and under-performance while the other way you might look at it as well is that for the past ten years markets have continued to go up and up thanks to the fed and the bank of japan and the swiss national bank and others buying up you know basically making sure that these guys never have any losses so the financial markets are as just as gerrymandered as the political markets so ninety seven percent of incumbents win in the politics because it's so gerrymandered to be that way the same with markets is the j.p. morgan chase this is the wall they expect to win all the time because the markets the algorithms are gerryma

past ten years markets have continued to go up and up thanks to the fed and the bank of japan and the swiss national bank and others buying up you know basically making sure that these guys never have any losses so the financial markets are as just as gerrymandered as the political markets so ninety seven percent of incumbents win in the politics because it's so gerrymandered to be that way the same with markets is the j.p. morgan chase this is the wall they expect to win all the time because the markets the algorithms are gerrymandered to make them win all the time during the crash of the one nine hundred twenty nine period you had what were called the flyers these are bankers who were jumping out the window and what happened was that suddenly they looked at their balance sheet and they saw that no matter how much of the propaganda that they spewed and believed their net worth were still zero and the same thing i think will happen here markets crash and these people still be saying it can't possibly be true word of god we print money we buy. your own shares the world is not right do you kn

over the globe right it's not going to be the dollar against the yen or the or the pound or or the swiss franc it's going to be all of them but we are going to lose their value against gold like they never had all gone lost their value before hand because because because what is gold love low interest rates and falling fee currencies you're going to have that like you've never seen before right now as a money manager because that's your day job yes that is you know you but i don't know for many years you are a big gold advocate and we are in a period where gold underperformed so how do you as a money manager i'm curious because i worked on wall street too for many years how do you kind of keep nursed opposition along while still having exposure to the stock market even though you don't believe stocks are priced in a way that's sustainable still have to participate as a money manager money that you can nurse so i have a way to use i have to tell you when i run sort of a hedge fund is an r i a but it's like a hedge fund so i have the ability to have a model that i created the twenty point

the swiss city of geneva a meeting hosted by the un special syria envoy stuff de mistura top diplomats from russia iran and turkey are attempting to put together a committee responsible for drafting a new constitution essentially paving the way for elections in the war torn country our senior correspondent murat goes d of is in geneva for us. the talks negotiations on this new constitutional reform have been very difficult because the different sides have such. views nevertheless the main sticking point is about the makeup of this constitutional new constitutional committee because it may have to either rewrite the syrian constitution entirely all amend certain parts of the to provide for an all inclusive pan syrian election going into the future there are of course other things that they're going to be discussing but that is the main topic nevertheless these three countries russia iran and turkey they've been working together over recent years and their cooperation partnership has yielded concrete results we've seen demilitarized zone stablished in syria we've seen deescalation and ce

the fate of syria will be thrashed out in the swiss city of geneva later today at a meeting hosted by the un's special syria and boy staff and it to mr top diplomats from russia iran and turkey will put their weight behind political efforts to eighty's years of turmoil in the region correspondent ised gassy of his in geneva for us covering the events and writes good to see you well can we expect from today's gathering. when it's still up in the air as. official called it today's either a breakthrough or a breakdown in negotiations and the topic is huge they've been added for a while trying to form a constitutional committee for syria to either amend syria's current constitution or a new foundation legal foundation in order to ensure national all inclusive elections which is needed. for a peaceful resolution to the syrian civil war unfortunately one of the caveats one of the things that. one of the things that seem to be blocking this solution is that everybody striving to stuff the constitutional committee with their own people be it the syrian side the side the rebels that they're ba

the fate of syria is being thrashed out in the swiss city of geneva a meeting hosted by the u.n. special syria envoy stuff on de mistura top diplomats from russian iran turkey are putting their weight behind political efforts to ease years of turmoil in the region our senior correspondent is in geneva for us joins us live on the program route as far as i'm aware the meeting is in progress on the stage do we know what's come out of it. well nothing yet it's been quiet but the foreign ministers of iran russia and turkey huddled together behind closed doors we expect a statement in a press conference later to see what indeed if anything they've agreed to just just to get this out the way the talks negotiations on this new constitutional reform have been very difficult because the different sides have such deferring views nevertheless the main sticking point is about the makeup of this constitutional new constitutional committee because it may have to either rewrite the syrian constitution entirely or amend certain parts of the to provide for an all inclusive and syrian election goin

the fate of syria will be thrashed out in the swiss city of geneva later today at a meeting hosted by the un's special syria and voice steffan de mistura top diplomats from russia iran and turkey will put their weight behind political efforts to ease years of turmoil in the region our senior correspondent more advanced is in geneva for us. the day is either a day for a breakthrough or a breakdown in negotiations russia iran and turkey the three principal actors behind these this peace initiative along with the united nations have been trying to form a constitutional committee to either write a new constitution for syria or amend the current constitution in order to allow for national elections all the syrian elections in order to you know stablish a peaceful solution to this civil war which is raged for so many years now unfortunately the main sticking point is who gets the stuff this constitutional committee because. the russians the and the rain ians all have different views the syrian government obviously wants to get as many of its people in there the rebels these limits want to g

the faces syria will be thrashed out in the swiss city of tin evo later today at a meeting hosted by the un special syria and boy stephan demister top diplomats from russia iran and turkey will put their weight behind political efforts to ease years of turmoil in the region our senior correspondent mike galatea is in geneva for us and i get to see you the meeting is now in progress can you bring it up to speed on the latest place. well it's just about to begin as i understand sergey lavrov the russian foreign minister walked in through the door behind me just a few minutes ago but there's there's a lot that's going to be discussed this a number of issues dealing with a peaceful resolution to the conflict in syria but the main thing that they're going to be talking about today is the formation of a constitutional committee to write either a new constitution for syria to guarantee free all inclusive elections in syria or to amend the existing constitution obviously this is been problematic to say the least the main sticking point has ever been that. resized the opposition the syrian go

look too bothered by their first loss of the season but suddenly the title race is back on and the swiss can have no time for sentiment against his former side to glove box. yeah. it is a bit special i suppose nothing more than that. i left glove about three years ago i am a dortmund man now but sure it is a bit strange at us on there having a very good season. and there are very dangerous. one three nil and byron munich that says everything that's my dallas. dortmund without three injured defenders against the side who have the second best goals tally behind the hosts five zero once his players fully concentrated on glovebox threat rather than the festive season all the mnemonics break before their next game. are very well organized they're very compact sometimes they are defending and suddenly the ball goes forward very very very quickly for the club buck meanwhile can move just three points behind dortmund with a victory but they also have injury concerns. because we will go there with eighteen guys but we are maybe without seven players god but it doesn't matter who starts dortmund o

have you with us now if there was one topic dominating the economy in twenty eighteen it was trade swiss u.s. president donald trump attacking partners in the e.u. as well as canada mexico with whom he signed an updated version of nafta called u s m c a and then of course it was china trump went after the country for its trade imbalance with the u.s. and started a trade spat that ended in tariffs on cost electronics agricultural products and other goods worth billions of dollars over the weekend trump said on twitter the. he has been talking to china's paying about a comprehensive trade deal that progress is being made and on the last trading day of the year chinese stocks ended the session in positive territory for more let's cross over to andrea hang in singapore andrea how much of those gains are actually down to those trade talks between the u.s. and china a lot of it has to do with the chinese china us to. provide a very big boost to the market sentiment over the last few days now is also a rare glimpse of hope in what seems like a very tumultuous year for in twenty eighteen and acc

as andy swiss reports. after three defeats in the four matches, the furtive brownell said it all. he knew his manchester city side could hardly afford another slip—up, not that one seemed likely when debit silver probably put them away ahead. recently, their lead proved precarious, a spot of defensive dallying, and southhampton will level. pierre with a stunner, was another shocking store. southhampton thought so, he felt he should of had a penalty, but this is not to be

that while we're on the subject let's bring in our financial correspondent from frankfurt only knows swiss bank credit suisse is also advising clients to get out of britain that's hardly a vote of confidence as it. that's true and it is really making waves here credit suisse is not commenting on this report that's to be seen in the f.t. and it's spread around through all sorts of other media but apparently after the parliamentary vote in london and westminster on the back so it was postponed because the prime minister didn't want to have it voted on the customers started coming to credit suisse in droves asking that their money be in some way made safe and that apparently prompted credit suisse to advise its super rich customers its prime customers to move assets to move money out of the country so that if there is a no deal practice certain things go down the tube in some way the money is still there are not locked up in prison but definitely not only the super rich clients of credit suisse worried that as we've heard the report that german business sentiment is also have been affected by

andy swiss reports. he is one of english football's leading stars, but as raheem sterling went to retrieve the ball last night, this is what happened — verbal abuse, and from one spectator, allegedly racist abuse. with chelsea and the police already investigating, today, sterling has had his say. in a post on instagram, he said, "as you can see by my reaction, ijust had to laugh, because i don't expect no better," before claiming that some newspaper articles about players helped fuel racism and aggressive behaviour. he referred to a headline about his manchester city team—mate tosin adarabioyo buying a house, which he said painted the player in a bad light, while he said a similar story about a white team—mate, phil foden, was worded more positively. the daily mail group, who published the articles, are yet to respond to our request for comment. and now, sterling's treatment and comments have only intensified the focus. raheem sterling is no stranger to headlines criticising his lifestyle rather th

police in morocco say they've arrested a swiss national — arrested a swiss national in connection with the murder of two scandinavian tourists earlier this month. the two young women — from denmark and norway — were found dead at an isolated hiking spot in the mountains south of marrakesh. the arrested man is also suspected of recruiting moroccans to carry out terrorist attacks. a british couple whose son was murdered by his chinese wife have won custody of one of their grandchildren after a long legal battle. ian and linda simpson are due to return to the uk later this week after reaching a deal during a court hearing over christmas in china. but they've been forced to leave their other grandchild behind. laura westbrook reports. eight—year—old jack and six—year—old alice have been at the centre of a long international custody battle. their british father, michael, seen here with them, was stabbed to death in his apartment in shanghai by his estranged chinese wife last year. weiwei fu is now serving a life sentence for murder. since their dad's death, jack and alice have b

iconic swiss chocolate becomes hard to conform with islamic you. everyone who claims to be a pullman's to this limousine you must refuse to buy. time to say goodbye to. people remain trapped in a mine in central russia after a fire broke out on saturday morning at a depth of three hundred forty meters eight people did manage to escape the mine located in the. area of the region a rescue operation and so far failed to reach the trapped miners they've had five attempts now due to the immense heat and thick smoke they've been prevented from reaching those miners a representative for the mining companies admitted that the chances of getting the workers out alive is extremely low and initial reports suggested that a methane explosion caused the fire but that's been rolled out russia's investigative committee is looking into whether any safety regulations have been violated. new this hour the u.s. envoy to the anti eisel coalition has reportedly resigned over donald trump's decision to withdraw u.s. troops from syria brett mcgurk resignation if it's conf

iconic swiss chocolate becomes to conform with islamic purity law. everyone who claims to be a pullman's to the viewer must refuse to buy. time to say good boy. is the next move. hopes are fading for nine people who were trapped in a mine in central russia after a fire broke out on saturday morning at a depth of three hundred forty meters eight people did manage to escape the mine located near the city of select skin the region a representative for the mining companies admitted the chances of getting the remaining workers out alive is extremely low a six rescue operation is now underway off the previous attempts failed because of the immense heat and thick smoke initial reports suggested a methane explosion caused the fire but that's since been ruled out here says investigative committees looking into whether safety regulations have been violated . a group of indigenous people from argentina is part of goni a region assuming some of the world's biggest oil and gas companies for environmental damage the tribes say the contamination from fracking sites

but also you know in europe the swiss central bank is one of the biggest equity owners in the whole world and so it goes on so what's been happening well. there's been a bit of a misunderstanding concerning the monetary policy proposal i made a long time ago called quantitative easing i proposed there's a ninety ninety five as a post banking crisis measure to stop the crisis in the banking system and get the economy going again and it consists of the central bank purchasing the non-performing assets of the banks so you don't need to use taxpayers' money you don't need to get into debt you don't need austerity. and then you help the banks and encourage the banks to increase lending which can be done through various ways but including the government stopping issuing bonds and borrowing directly from the domestic banking system these options that have been open to the spanish portuguese greek irish japanese and many other central banks and governments in those countries where there's been massive recessions last year unemployment vast youth unemployment and the need to boost domestic demand

american police have arrested a swiss spanish national in connection with the murder of two scandinavian women eisel terrorists in morocco more than a dozen suspects have been arrested since the bodies were discovered earlier this month and a broadcaster in sweden has also come in for criticism over its coverage of the killings if you would say the channel has downplayed the horrific incident one norwegian and one danish ones were killed while hiking in the atlas mountains a video of their murder was posted online and it's reporting as a bt failed to mention that one of the girls was beheaded or that islamic state was involved in the broadcast. did though warn people against sharing the video for legal reasons. have now seen this very strange report and you lower the has been created to protect the rape victims from having video of the crime spread is now being applied to the beheading of the denish and the region girls in morocco i myself would never watch such a video let alone share it now we're more upset about the proliferation of crime instead of beheadings to sum up s. vitis cover

iconic swiss chocolate becomes. everyone who claims to be a pullman's to this limousine. refused to buy. time to say goodbye i do not who does next. germany is weighing up whether to block chinese telecom giant one way from bidding on a government tender to develop a high speed internet network there comes amid rising security concerns over the company's alleged espionage activity for beijing a u.s. delegation reportedly visited berlin and held a closed door meeting at the german foreign ministry encouraging a boycott of while way the company has already been blocked from building high speed networks in the us a story of. the u.k. secret intelligence service chief alex younger also voiced concern however germany's i-t. watchdog has expressed skepticism due to the lack of evidence proving weiwei spying activities. for such serious decisions like a ban you need proof well the editorial director of the american institute for economic research thinks it's a case of the pot calling the kettle black. the u.s. is is famous for its for its hacking and cyber surveillance of every

iconic swiss chocolate becomes to conform with islamic purity. everyone who claims to be a pullman's to the viewer must of course refuse to buy. time to say goodbye. is next moves. this week president trump left the international community stunned following his surprise decision to withdraw u.s. troops from syria however the move has been backed by a number of leaders including one major nato ally. told us during a conversation with. him. before and after this. as long as you give us the support in terms of logistics and how they started to withdraw they have. not all of those involved in the syrian conflict are on board with washington's plans though it's safe to say trumps this issue has been met with anger among the kurdish forces in the region family members of the fighters in particular appealing to the u.s. to reverse the withdrawal mothers at wives of the soldiers in the armed opposition the syrian democratic forces have been gathering near an alleged american military base in aleppo province. and their kid turned his back on us as we cont

iconic swiss chocolate becomes hard to conform with islamic purity though. everyone who claims to be a pullman's to this lamaze asian of europe must of course refuse to buy joe blow a taunt to say good boy i do not it's good is next moves the. us wants germany to be careful over here it gets to supply its new high speed internet network we'll tell you hit our freight off right after this short break stay with us. i saw it live. and expect that very many people will choose to be biologically for obeying by logic will move your body get it working for a while it also means your mind isn't working so well i believe that indeed we will have pretty much no biologically old people even if we will have a much greater number of chronologically old people. but politicians do something to. put themselves on the line to get accepted or rejected. so when you want to be president i'm sure. you somehow want to be. it's a going to be pressed to see what the full story of the whole can't be good that i'm interested always in the white house. i said. welcome back president t

all that money by the way is being held in the swiss bank right now. the swiss bank has said yes we have that money and were not going to do it until the supreme court does. gillian: the families murdered u.s. marines versus the government of iran as i said one of the more surreal stories that's going on right now. >> i couldn't believe it when i heard it. a lot of due diligence, the assistant back as strange as it may seem, the supreme court of the united states. gillian: general, when i was working for the national security council, one of the things you like to impress upon everybody was just how involved the government of iran was in sort of supplying, supporting terrorist proxy organizations around the world. do you think that this is still going on today? is the situation as bad now as it was eight years ago when you were in office? >> it might be a little bit worse. in addition to tehran, damascus in yemen and certainly influences iraq. so it got multiple controls over those four countries are those four cities. they are the principal backer of

iconic swiss chocolate becomes to conform with islamic purity. everyone who claims to be a pullman's to the islam is a shit of you must of course refuse to buy. time to say good boy i do know kids is next moves with. the us ones germany to be careful of the hair it gets to supply its new high speed internet that would tell you you take a day off right after the break. they put themselves on the line they get accepted or rejected. so when you want to be president. some have. to be first it's like the flag. can't be good. that i'm interested always in the waters of. the city. in a world of big partisan movies lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bats and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now we're watching closely watching the hawks. welcome back president trump has left the international community stunned following h

while we're on the subject let's bring in our financial correspondent from frankfurt only now swiss bank credit suisse is also advising clients to get out of britain that's hardly a vote of confidence as it. that's true and that is really making waves here credit suisse is not commenting on this report that to be seen in the f.t. and it's spread around through all sorts of other media but apparently after the parliamentary vote in london and westminster on the banks it was postponed because the prime minister didn't want to have it voted on the customers started coming to credit suisse in droves asking that their their money be in some way made safe and that apparently prompted credit suisse to advise its super rich customers it's prime customers to move assets to move money out of the country so that if there is a no deal president things go down the tube in some way the money is still there or not locked up and threatened but definitely not only the super rich clients of credit suisse worried that as we've heard the report the german business sentiment is also heavily affected by break

iconic swiss chocolate becomes hard to conform with islamic purity. everyone who claims to be a pullman's to this lamaze asian of europe must of course refuse to buy the time to say good boy i do know it's his next move but. still to come the u.s. wants germany to be careful of the him it gets to supply its new high speed internet network or tell you who they're afraid of after the break. you know world big partisan movies. and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bad shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. welcome back president trying to pass left the international community stunned following a sudden decision to withdraw u.s. troops from syria however the move has been backed by a number of leaders including one major nato ally i'm saying to dump that the us the trump told us during our

iconic swiss chocolate becomes hard to conform with islamic purity you know. everyone who claims to be a pullman's to this lamaze asian of europe must of course refuse to buy. time to say goodbye i do not feel good is next moves but. still to come the u.s. warns germany to be careful of the hell it gets to supply its new high speed internet network or tell you who they were afraid of the break. what politicians do. they put themselves on the line they get accepted or rejected . so you want to be president and she. wanted. to write to the press this is what the korean people are. interested in the why. there should be. so what we've got to do is identify the threats that we have it's crazy on sunday shouldn't let it be an arms race is often skeery dramatic development is only going to resist i don't see how that strategy will be successful very critical time to sit down and talk. welcome back president has left the international community stunned following his sudden decision to withdraw u.s. troops from syria however the move has been backed by a number of lea

iconic swiss chocolate becomes. from with islamic purity. everyone who claims to be opponents to this lamaze ation of europe must of course refuse to buy joe blow. time to say goodbye i do not who does next move. president trump left the international community stunned this week following his surprise decision to withdraw u.s. troops from syria the move however has been backed by a number of leaders including one major nato ally. the trump told us during our conversation will you from him quickly of them before and after this. as long as you give us the support in terms of logistics and how they started to withdrawal they have. others involved in the syrian conflict are not on board with washington's plans trump's decision has been met with an anger amongst kurdish forces in the region with family members of the fighters appealing to the u.s. to reverse the withdrawal of others why the soldiers in the on the opposition the syrian democratic forces have been gathering near an american military base. with one. american turned his back on us as

iconic swiss chocolate becomes hard to confirm with islamic purity though. everyone who claims to be a pullman's to this lamaze asian of europe must of course refuse to buy a taunt to say good boy i do not it's his next move but. the us ones gemini's be careful of the hill it gets to supply its new high speed internet web network or tell you who they were afraid of after the break. i certainly don't expect that very many people will choose to be biologically all. move your body isn't working for a while it also means your mind isn't working so well i believe that indeed we will have pretty much no biologically old people even though course we will have a much greater number of chronologically old people. welcome back president pounds left the international community stunned following his sudden decision to withdraw u.s. troops from syria however the move has been backed by a number of leaders including one major nato ally. the trump told us during our conversation will you quit direst from here. before and after that is good as long as you give us the suppor

diplomats from the swiss, german, united states and british embassies tried to get into hear the trial, but they were told it is not a public hearing. so they were not able to go in. and stephen, unfortunately in these trials, the verdict is often not in doubt, is it? i mean, we're trying to work out why all of a sudden there would be a trial. you know, in china they often heavily rely on people admitting their guilt. so after three and a half years he's having his trial. he is accused of attempting to subvert state power, which can be a pretty broad thing in china. basically, anything that would threaten the communist party can be seen and interpreted in this way. so it could be quite a tough thing for him to be defending himself against. of course, if he is found guilty of this, it could mean many years in prison. and stephen, this is part of a much wider crackdown on human rights activists, isn't it, and the people defending them? yeah, he was picked up three years ago at the same time that hundreds of human rights lawyers and activists were all taken away in a sort of broad sweep.

iconic swiss chocolate becomes to conform with islamic purity though. everyone who claims to be opponents to this lamaze ation of europe must of course refuse to buy . time to say goodbye i do not heed his next move the. president has left the international community stunned stunned following his sudden decision to withdraw u.s. troops from syria however the move has been backed by number of leaders including one major nato ally. the trump told us during a conversation. from him. before and after this. as long as you give us the support in terms of logistics and how they started to withdraw they have. not all those parties to the conflict in syria are on board with the decision there is anger among the kurdish forces in the region and with family members of the fight to the paling to washington to reverse that with two old mothers and wives of soldiers in the so-called syrian democratic forces have been gathering near the alleged american military base in aleppo province. one zero zero zero of all the american turned his back on us as we continue to fig

footage of millenia trauma proving that the white house sinkhole is actually hers keep tunnel along that swiss molony on the verge of giving away or escape routes exclusive analysis by u.s. and experts state shooting for the latest news brought to you by s.n. . thanks for chasing off the and to national this column brave will be here with all the latest about thirty minutes. welcome to maximize your financial survival guide. looking forward to a year that's without. yanks this is what happens to pensions in. don't. watch tris report. them too so if you go and sophie shevardnadze fortier's own the ground breaking news ago pink floyd still sounds fresh in the lyrics of roger waters are as relevant as ever how hard is the balancing act between music and politics well i'm here in st peter's birth to ask the legend himself watcher waters musician author activist co-founder of pink floyd and my guest today is really great to have you with us today welcome to our show thank you everyone's really happy that you're here looking for your tour and i'm looking for a little chat so i'm going to start from