To overthrow out ok im going to in istanbul jump in yes. Yeah actually you know its in turkey you know Something Like forty years we have kurdish problems about this this is not three defeated kurdish problems turkey. Was against not the Kurdish People and Kurdish People live you know in very good standouts according to if you compare with other countries such as syria iraq and iran but there are. About. Gary last you know all terrorist groups. One of to be problems and the. They are the main cause to kill Kurdish People even in this. This is a kurdish they claim that this kurdish Independence Group they killed a lot of kurds in turkey and also. As well you know. Turkey is as a state. No problem with kurdish citizens in turkey to live peacefully and more democratically down in syria iraq and iran if we come to lucy the initiate issue in the beginning turkey would United States and meet european allies in order to support you know freedom against bashar assad regime but after after two thousand and. Thirteen ok. You know let me jump in got left your kid ok let me jump in here go to dan before we go to the break here i mean but at the same time you know you know outside powers thats why its a proxy civil war because this is from the outside ok i mean bringing democracy to syria is the last thing this is all been about ok its been arming jihad is to overthrow a legitimate government that it had done before we go to the break yeah i mean i agree i agree with what you say and i just wanted to comment on what sami was saying there is friction between between the u. S. And turkey and i dont say that predates the coup attempt actually in fact really it goes back to the downing of the russian plane i would read as youve seen obviously correctly as a low point in russian turkish relations but i see that really as a last dance to let me jump in here to try and im going to join you in your book that were going to go to a short break and say are you going to go to a short break and after that short break well continue our discussion on turkey and syria stay with r. T. The world is getting away from us dollar as well reserve currency the one road one belt policy linking up russia and china is out of the dollar every last trade oil away from the dollar and countries are desperate to get out of the u. S. Dollar so the dollars going to lose value no matter what anybody says so heres the treasury secretary well try to make it look like oh thats our balls are for a lower dollar really matter what he says the dollar is going lower as weve been saying for a number of years because the u. S. Dollar is a currency that other countries recognize as funding the wars and the weapons on the property that theyre trying to escape. Appetite i mean for. Conflict is very very low these days and Public Servant much more eager to see economic improvement and they are to. Actually get into a fight with a neighbor or or with other powers in the world. Welcome back across like were all Things Considered im peter remind you were discussing turkey and syria. Ok let me go back to dan in oxford i hate going to hard breaks like that but it happens ok so im going to go let you finish your point with the press proviso here im really glad we went to this point in talking about us turkey relations because in the Foreign Policy blobs fear in washington the great swamp of america i mean theres plenty of people that are writing off turkey completely saying even we dont need them in nato i mean there and this is in the National Security council this is in. The state Department Defense department i mean there is a raging debate going on in the Intelligence Community as well is how important they want because this is what it gets down to the its whos calling whos bluff and id hate that ok because everybodys got arms ok what is going on in turkey u. S. Relations this is whats really key here dan please keep going. Yes so after the downing of the of the russian jet turkey was hoping that this would force somehow the u. S. To actually come good on what they had seen as the u. S. Promises to make to make this regime change happen turkey a huge cost to itself had allowed itself to be this way ahead of this western imperial regime change policy in syria and they seem to be doing so with very little actual you know help from from from the west in doing so so we really want to force the. To put the cards on the table that help wasnt forthcoming so at that point i thought ok theyre not serious let were going to have to basically do Something Else cut some kind of deal or think again and its interesting and no coincidence i think the month before the coup attempt was when theres the famous phone call between putin another one and and they and one began to make noises about perhaps assad has some sort of longer future than we first thought and relations began to improve that was when the coup attempt happened so the u. S. Is very worried it is bluffing that it can do without turkey and nato is very worried about losing and losing turkey turkey is very angry at us or have been used and abused for is regime change project. But i think turkey is perhaps walking into fall into a trap here walked into a trap because. The same time as i dont think the u. S. Is particularly that troubled by whats happening in syria right now if one is happy to see turkish to turkey we can because it was an operation all of branch i think operation will be a better name because turkey is really beating itself here is weakening itself as the same time as weakening. The kurds and its really once again helping to facilitate u. S. Strategy no benefit to us you know its sammy you know i talk about that because you know i keep reading the Foreign Policy blah blah you know that turkey has to choose between moscow and washington i dont i dont buy that at all as a matter of fact because nato has no useful value whatsoever turkey is coming into its own now it may be walking into a trap but its coming into its own as a regional player dealing with other countries and we we had this consolation will we have baghdad damascus beirut. All of them are on the same page it doesnt happen very often in turkey is getting into the parlay here i mean this is this is something that i think is really interesting not i but i worry about turkey because i really did like you know the no problems Foreign Policy well it has a lot of problems right now but its this kind of a major paradigm shift in the region with whats going on with turkey. Its possible i think it all depends on whether the United States is going to dig its heels and. Other areas where there are u. S. Troops patrolling the streets alongside the i. P. G. Forces now this is where the main conflict is between turkey and the United States i do not think turkey would retreat on the question green on the United States is. In a sense in a newsgroup situation i slightly different from down there that the United States is losing in iraq is losing in syria and they are in a fix because they either have to send more troops which they are out of loath to do but because they would like to rely on proxy forces often out of their debacles in afghanistan and iraq they started using proxy forces whether in libya syria iraq and so on and in syria they found a golden opportunity with about forty thousand. Fighters whom the general of the special forces of the United States general Raymond Thomas raymond. Thomas he himself called them a proxy force yeah but if ted is going to go all out to prevent the emergence of such a kurdish enclave backed by the United States then you are looking to c. D. s contradiction between the United States and territory and i think ultimately its the United States which will retreat on the one otherwise they will lose yeah but they tend to take everybody down with them before they leave let me go to you i mean how important is all of this to the turkish president because hes invested a lot in syria and hes gotten very little in return i mean dan is spot on. He was egged on by the us and the us basically folded and we ate he what are the political repercussions for the president or the one if he doesnt get what he wants go ahead actually is and now you know its after a year of you have very important elections in turkey a presidency in this its the first time in two thousand and nineteen and a before that i think you took it tried to finish or wrap up the syrian issue with some gains you know in the beginning we started with the United States and the european allies and then they left us with russia and iran in the region now after two thousand and fifteen turkey started a new city she on his own was sometimes with the help of a russia and iran in syria an issue we have basically three you know if its schildt and then it leap and then this all you Branch Operations these are really important operations in for turkey and i think this took people is supporting these kind therefore predations them after that the turn will come to remember i think this is the man beach is the most crucial area between turkey and United States because an american. Army is there if turkey goes through membership maybe it might be a problem for turkey disses i think is most crucial think up to now but for us all a Branch Operation i think nor problem with United States you know its based not interfere please operation but if we turkey goes for order to remember it will be a problematic for the region and maybe a turkey and units that will be had to had. Area so i. Dont have resident. Support in turkey you know thats why i keep saying who is bluffing whom here again also the again the the one can surmise and in it if you look at the long. Bad blood between iran and the United States as one of the reasons why the United States wants to keep a footprint there it really is quite amazing they are doing the bidding of riyadh in tel aviv all the time because there is now absolutely no strategic interest of the United States or the anyone in the European Union about syria and i think that it backs it all up in the end you know its always misguided the more they listen to riyadh in detail of the the the opposite happens irans influence continues to expand when are they going to learn go ahead dan here thats true iran has in some ways benefited from the disasters wreaked on the middle east by the us in the last few decades but i would completely disagree that europe and the us have no interest in containing iran or destroying syria the us certainly does and the west in general and especially britain and the usa do are very concerned as i said drive the outset to destroy any independent or potentially independent force in the global south of. Israel and saudi arabia the. Bulldogs if you like of western power in the middle east the watchdogs keeping that area basically under the domination of the United States and britain so. I dont i dont buy into this idea of saying oh the us are doing the bidding of tel aviv in. The part of the same the same program of maintaining middle east under western domination maintaining the Global Oil Production and the levels that they want to or the price they want to. Sold in the currency that they won and the dollar and so on i dont see these ok. But ok but for this is you know like let me go to sammy i think you have bring a very interesting point stan. And i dont necessarily disagree with them. But sammy you know going back to what i said earlier if we could just start and end it and its not arbitrary two thousand and three and go all the way up to the present every single Strategic Initiative the United States and its allies have initiated in the middle east have failed and theres been only blowback ok i mean this ridiculous policy that tillerson announced that anyone the sends aid to syria will face sanctions i mean that that is you know what they want to do is they just want to keep and im now im good i would agree with dan here is this to keep every Single Player weak and broken ok and and thats going to backfire is well ok because the region is going to stay not necessarily outside players they dont they dont always say they usually leave go ahead sami i think the main reason for it they had a fairly right to point to that failure is that there is enormous opposition to their presence in the region if we talk about the middle east and all the way to libya and so on there is popular opposition to their presence and there is this fundamental contradiction between the United States aims of trying to control the region for its own interests and the interest of the peoples of the region and there is no way this contradiction can be dissolved unless the United States withdraws from the area admits defeat and get out this is unlikely to happen so therefore we have this continuous conflict of us imperialism trying to dominate to region and the peoples of the region insisting on their independence and they are mad against iran because iran regardless of what you what we think of its political system is a very. And then country from us policies this very hate and i could name down there any other they are that they are too cautious some folks have been a sammy that and thats irans greatest sin its sovereignty gentlemen weve run out of time many thanks to my guests in london oxford and in this stan bowl and thanks to our viewers for watching us here darcy see you next time and remember. This is says harlan kentucky. Boy people were very funny. A coma and he said he was almost no coal mines left. The jobs are gone all the coal miners the said. That it was a laugh to see these people the survivors of a world disappearing before their eyes. I remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and its how its happened. If i was. Going to know what i mean you know. Timex kaiser this is the kaiser report you still in Los Angeles City of angels and no more angelic angel then stacy. You talk to an angel in the second half as well nomi prins and you know what charlies angels except matches angels we just see one more angel you know what she is often talked about steve and Steve Minucci in our treasury secretary and the headline hes a horrible angel hes a horrible hes. Seen in the new. Nexus angel show Steve Minucci and hes the treasury secretary of the United States of america and well he was over in the last week and basically altered the past thirty years of u. S. Policy regarding the dollar of course they have not mind at the dollar going lower lower but they always have this fake you know a strong dollar policy and hes changed that over in a minute chin comment surprises Financial Markets turns dollar decline into one way bet the dollar already on spiral lower sank to a three year low after treasury secretary stephen when you said a weaker dollar was good for u. S. Trade the comments depart from the strong dollar policy of treasury secretaries before him going back to robert rubin and the Clinton Administration but fit with the Trump Administrations America First message that we dollar policy could backfire and make us assets like treasuries less appealing and drive up the cost of foreign goods for businesses and everyday americans. While this is a policy around the world beggar thy neighbor by trying to drive your currency lower to help your exports and Global Market share and chinas been the king of the. For a long time so this is they take in a child directly saying oh yeah you think you. Will make the dollar even cheaper so it makes us you know higher in value versus the dollar which may its more difficult for them to export their way into global domination so now our currency wars venturing a new phase you know donald trump obviously has a lot more understanding of how to fight this currency war than anyone coming before him barack obama was really a novice coming into office knew nothing about finance he was financially illiterate as he proved over and over again and the shop knows the rules of the game whether hes successful or not well see well you know in the second half you do speak to know me prince who has a new book out called collusion how central bankers rigged the world and in it and in your interview she does talk about the fact that china does view american policy whether it was the Obama Administration or otherwise the Trump Administration that they are in policy is and saying towards global trade and the dollar so they already of us as kind of insane steve going to switch is kind of a sort of meeting pushing globalization in fact francois. Krohn from france from france was there saying you know france is ready to lead the way where the head of globalization this is kind of an anti globalization message is part of America First message so its you know it is a beggar thy neighbor policy is antiglobalization but yeah yeah exactly and you know the question is is the lower dollar the result of really a policy initiative or is a lower dollar inevitability of policy failure and now the policy makers are saying all its our policy for a lower dollar i dont think it makes any difference whether see a miniature in your home or else describes a dollar as their policy going lower the dollar was going to go lower anyway because the world is getting away from you. Us dollar is rolled reserve currency the one road one belt policy linking up russia and china is out of the dollar Everyone Wants to trade oil away from the dollar a countries are desperate to get out of the u. S. Dollar so the dollar is going to lose value no matter what anybody says heres the treasury secretary really trying to make it look like oh its our policy for a lower dollar doesnt really matter what he says the dollar is going lower as weve been saying for a number of years because the u. S. Dollar is a currency that other countries recognize as funding the wars and the weapons and the poverty that theyre trying to escape steve when utian standing in front of the globes reporters standing in front of the worlds reporters and saying that the dollar his policy as treasury secretary. The guy who signs the dollar bills the new dollar bills that he wants it to go lower according to this headline here they said that basically opens this up as a one way bet for traders and traders will keep pushing it and keep pushing it said one strategist there is a possibility that it could be a spiral that it gets out of control luckily we did hear on kaiser report tell you a few weeks ago to load back up on gold because of course were going to get into that in the next headline buy gold has obviously done very well against the dollar as the dollar has been tanking it in the openings weeks of twenty eighteen i see the world through gold colored glasses because stacy has been pointing out for a few months now the rotation back into gold is well underway getting three year highs and you said and i agree that gold could hit a new all time high in twenty eighteen or over two thousand dollars an ounce i mean so over it would be fifty sixty seventy dollars an ounce and crypto currencies are on the back foot lot of money that was in the multi hundred billion dollars krypto spaces down flowing into gold you know that from watching the trade patterns and the reports are getting. Back from the exchanges so yeah this could be gold year so before i move on to the next line about gold and silver coin and other things and how theyve responded to consider dollar falling and how that reminds us of the past well on this is comments they say echo statements by President Donald Trump who famously helped turn a market trend of a stronger dollar last january when he said prior to his inauguration that the dollar was quote too strong and that u. S. Companies cant compete because of it particularly against the chinese the dollar index has lost more than ten percent since then and after we knew comment last wednesday morning it sank to a new three year low he said that obviously a weaker dollar is good for the u. S. And good for trade im not so sure if you dont actually produce that much other than Weapon System its not like. You know there was any problem selling Weapon Systems thats one of our biggest exports im not sure it definitely improves the profits. Of big u. S. Multinationals like apple and i. B. M. Sell things overseas so that their profits if theyre booking their earnings and euros which is now at one twenty four where it was only about ten just a few months ago so theyre booking profits in these foreign currencies so of course their shareholders are quite happy but whether or not it benefits the workers in america i dont know. The pressure for stuff like oil are going to go higher you know oil still priced in dollars dominantly in price of oil last i checked above sixty you know heading higher and people start paying back five six seven dollars a gallon again at the pump thats going to cut into their Economic Activity for sure now when i go into another bit of this story about the dollar tumbling into twenty eighteen in just the first few weeks and this brings us back to some. Where max keiser is quite well known from the one nine hundred eighty seven crash because you were working on wall street in one nine hundred eighty seven member those days anyway fun fun fun but first were going to look at this take by zero ahead of the steve newton story when he was in the minucci massacre Precious Metals surge amid dollars a worst start in thirty years the dollar was smashed with the ugly stick as comments sparked chaos and Foreign Exchange markets and as Precious Metals surged and bond yields jumped and stocks actually sank briefly we were reminded by the Mainstream Media that a falling dollar is great for america so bought the dip in stocks with all your money on the sidelines so it was the worst start to the year. For the u. S. Dollar since one nine hundred eighty seven and we actually have a little chart here this is one nine hundred eighty seven the dollar into the first month of one thousand nine hundred seven right here is two thousand and eighteen its looking as bad as one nine hundred eighty seven right so eighty seven crash was long overdue in this particular market going back to these charts the dollar heading into eighty seven started to you know we you know a lot of weakness here youve got in this market a huge concentration of money in the socalled fang stocks facebook app all netscape and google and apples kind of been weak in the last couple of few few weeks theres a lot of weakness in the stocks of the fang the fang group of stocks that say they start to lose favor after having this enormous run amazon is also in that group and amazon ok its trading at Something Like over one hundred times forward earnings so thats stocking could drop fifty or sixty percent and still be on a chart basis in a bull market i mean these stocks are trading on some incredibly lofty. Well you ations and like eighty seven you could see a twenty twenty two percent crash in a day which would be you know that would be quite quite a move down wouldnt say see so lets look at the chart that they provide that interestingly stocks soared just as they are now as the dollar crashed just as it is now in one thousand nine hundred seventy before things went pear shaped so thats the chart the green line is the s. And p. Five hundred the red line is the u. S. Dollar index and as you saw the dollar started out twenty nine hundred eighty seven declining rapidly that some the s. And p. Five hundred soaring in one thousand nine hundred seven max you were there for that your hop that was twenty percent in one day is that possible well theoretically no because the Circuit Breakers they put in but i dont really have confidence that those are going to work and the helicopter money at the top the money will come in and they will try to mitigate any huge losses but i think that overwhelmingly the system will not be able to handle do you want to and youll have another kind of computer aided crash you know in front of computer aided design cad this is computer aided crash cack its gone entropy everything must. Chew toward chaos. That why is that your explanation thats the law of the universe the multiverse if not Miss Universe that a parallel universe you know theres a guy like me living in a parallel universe saying the inverse of what i just said who is having lunch with Billy Bob Thornton right now im going to comp salad at the Marquis Hotel sunset marquis in West Hollywood yeah i saw you mention the apple and that was another interesting story thats happened while we were here in california is that the California Based Company reported that they apparently the rumor is that theyre already going to get rid of the i phone ten the next update that they do in. Next year this is a rumor started by the guy in china who always has the top info hes usually writes on his rumors about whats happening i phone eight sales i phone ten sales disasters like fifty percent less than they expected an i phone ten we did note that i remember tweeting from