The u. S. Election a vote for free trade well thats our topic today do you remember what the world felt like 4 years ago in autumn 2016 europe had just started to come to terms with britains bricks and referendum yes thats 4 years ago and the bookmark makers they got it all wrong back then and they also got it wrong with predicting the outcome of the us election Hillary Clinton did not become the president of the United States well i dont know if the polls are right this year but i do know that for the Global Economy right now a lot is at stake. The u. S. Election is just days away the outcome will Impact Global trade. The question is how a quarter of old jobs in germany depend on export industries. Cannot. Overstate the importance of the transatlantic relationship its really without alternative. Zen of borg an inch tall being the varia makes Material Handlers and cranes annual sales were 420000000 euro news in 2018. Doesnt it all this is a telescopic crawl a crane we sell cranes like this to the United States north america is now our 2nd largest market off to Germany Europe and eastern europe. The Company Relies on its sales to the u. S. But says c. E. O. At a center the u. S. Also relies on his companys products. For example cranes to load exports and unload imports. Oh weve been and continue to be an essential business in america if our products want operational entire factories could grind to a halt. Gemini in the us have long been important trading partners but tensions have been rising in recent years rivals abas and boeing accuse each other receiving illegal state subsidies there has been mounting criticism of german car exposed to the u. S. E. U. Countries one Big Tech Companies to pay more tax and most digital giants are american. Sports or laurie heads the German Division of u. B. S. He also heads the American Chamber of commerce in germany and that role he seeks to stick to their political fights and smooth any ruffled feathers. You know if you get outside of washington d. C. And you go out where you know most people live and work. Business in the u. S. In business in germany in europe are very interested in each others markets our job is to ignore politics as much as we can were not political. Our job is to find ways for our members to successfully pursue their Business Activities and hopefully expand grow them create jobs and encourage trade here really and its also protrade that the Competition Commission says there is a plain meaning to regulate the u. S. Digital giants a proper european approach would be to say youre more than welcome to be successful but the saying is with success comes responsibility and this is the face that were in now to say well you have to recognize that you have powers beyond anyone else and with that comes the responsibility tariffs the one way to exert pressure by making imports more expensive the us that tariffs on steel wine and jam. The e. U. On corn cranes and jeans. Tariffs and our view are just not helpful and they dont really achieve what you want them to achieve there is one thing that they always achieve and that is higher prices for the consumer so the damage is done to ones own country in that sense what disposal are you think of the positions on trade of the 2 candidates for the u. S. Presidency. Between President Trump and candidate by. Its a little hard to tell and mean both of them have made statements that we find very. Wrong quite frankly. Neither has come out with a firm commitment. And to the importance of the transatlantic relationship and the value of trade and so i think we need to get away a little bit from the emotions that are packed into the word globalization and really recognize how many jobs are created how many families are supported how much tax revenues generated and then i think anyone really looking at this calmly would say ok lets get out and do everything we can for this relationship the trade war between the u. S. And china is also having an impact on europe its caused shifts and Currency Exchange rates and made european exports more expensive in asia so charmed polled by it and does the german entrepreneur average then emboldened have a preference. Trump with biden. Whether its trump or biden or our own government we have to deal with politicians of all stripes. Common. Economy creates its own laws. Its the economy that makes the world. Of course was the private eveleth is. Despite all the tariffs and arguments the United States and europe still do billions in bilateral trade every year. After 4 years in Office Everyone in the world has his or her own view off donald trump some think hes doing great they like his style of us war hes dangerous and pointed to several cases of misconduct perhaps even criminal misconduct are as much debated ties to the kremlin to substantial funding from germanys biggest bank did all the use down hearted caught up with u. S. Journalist david enraged who believes that vast loans from Deutsche Bank and able to trump to appeal rich and successful which ultimately helped him win the presidency. Donald trump and daughter back. A dicey relationship. And one that financial journalist david enrich has described in detail in his recent book. Deutsche bank who has lent him over 2000000000 dollars over the past 20 years money in rich sense that allowed donald trump to maintain his image as a successful real estate tycoon and image that hes his way to the white house. Lets dive right into it how much money to donald trump oh dodge a bank as far as we know he currently owes Deutsche Bank about 300000000. 00 well and then on top of that 300000000 dollars you have the cushion or family which is obviously the extended family of the terms now thanks to the marriage of gerrard and evanthia and they have borrowed hundreds of millions of dollars more from Deutsche Bank so all told there are certainly more than half a 1000000000. 00 in outstanding debt from the questioners and the trumps to Deutsche Bank you write in your book that without archer bank dollars how would never have become president how important was the money that Deutsche Bank lent him for him becoming president i think it was indispensable from his entire basis for running for president and i think being elected president in 2016 with he was a very successful businessman and the more evidence that becomes public and the journalists gather the more we see that that really was a mirage he was not a successful businessman he was a money losing businessman and he had a very well established track record of defaulting on loans having his businesses declare bankruptcy and violating contracts what would it mean if the president the United States defaulted on half a 1000000000. 00 of loans he personally guaranteed the overwhelming majority of those loans and so that means that the bank has a right to go for what money is in his bank account and he has millions of dollars in various Bank Accounts in cash and in stocks and bonds the. Banking go after that they could go after trump tower they go after mara lago this is go after his plane and would they do that to the president of the United States take away basically all his belongings i dont know what they might do what i can tell you definitively is that since the morning of november 9th 2016 when donald trump had been elected the next president of the United States diligent Bank Executives in frankfurt in london and new york have been freaking out about this this scenario and trying to figure out whether theres a way to amend the wording of the contract so that trump is no longer personally guaranteeing them and its been very clear to them for almost 4 years now that they have a very serious problem on their hands there are those who say that maybe lending money to dollars wasnt such a big risk for the chip bank after all because those loans might have been guaranteed by russian individuals or entities there any evidence that you found that would prove that i have not found any evidence that russia or russian banks are russian individuals in any way provided a guarantee or any financial backing to trump through Deutsche Bank my hunch is that this is a Conspiracy Theory what is too though and you write that in your book is that darts a bank has helped the cushion a family with funneling their money through russia over to russia so what exactly happened there there was money moving out of cushion or accounts being wired to russian individuals why would the cushion a company send money to russian individuals do you think that had anything to do with the russian meddling in the 2016 election is that a pay off i dont know i doubt it but i dont know its a mystery if we were ever to really get a clear on vine edged view of what had actually been going on inside of each bank and going on inside Donald Trumps accounts at Deutsche Bank and there would be still quite a few surprises in there. Now it would also come as a surprise be a day well come one if u. S. Policymakers could finally agree on a much needed fiscal stimulus plan to help the battered u. S. Economy deal with the fallout from the coronavirus pandemic unemployment reached record highs over the summer now for many this is not of the 1st economic challenge some itinerant workers for example have long swapped a permanent address to live in mobile homes and travel from job to job our reporter all of us sally went to kentucky to find out more. The recreational vehicle the r. V. A symbol of freedom. Homeless wherever you take it and were overwork may take you. I mean more things can talk you know which is not exactly known as a Tourist Destination but home to where housing online retailer amazon and that attracts an increasing number of employees who come to find work but choose to live in their camper vans all year round. A campground near the amazon warehouses home to around a dozen for a camp purse. Its 2 pm time to get out for Robert Barker he works the night shift good morning. Good morning good morning robert how you doing and. How was your shift it was great ok yeah easy money man you know basically robert you have your whole life inside that van yeah ive been living in my van for 6 years now. Working Seasonal Work for amazon and ive done some also ive worked a job in alaska salmon cannery have worked and beat harvest and. Amazons been really good to me and its really easy money and allows me the freedom to do what i want to. Like many were campers and Robert Barker lives a modest life with few frills his kitchen an outdoor microwave and a picnic table. Kind of go in time here i may think im. Not even curry right. Robards lifestyle saves him 2000. 00 a month he says money he uses later to travel robert is 46. 00 he has no partner no children and very few expenses. Amazon paces camps Health Insurance and 15. 00 an hour when he works managing customer returns its a temporary contract for a couple of months. The key to doing it right is you cant have. 400. 00 car paid in or or you know in. Debt. And debt free. I dont my van. And i have like 30. 00 in bills a month and thats how are they able to do it. 5 30 in the evening for robert its time to go to work. Amazon refuses to give me permission to film but the trader is actively seeking work campers on 26 campgrounds across the u. S. More Financial Security but you have to hit the road to get it perhaps not everyones dream but it seems to work for some. In a lot of criticism about amazon and concern about what the growing online tree industry would mean for work environments of the United States but one thing seems to be clear that all the work campers in kentucky up quite happy with the lifestyle they chose. From happy campus in the u. S. To a geopolitical power game between the u. S. Russia and germany over a gas pipeline the relations between the sas the support in north east germany were excellent until 3 republican senators threatened with crushing legal