Expresses himself differently if corbin wins he will destroy those dreams for all our children the u. K. Media class arguably things it is jeremy hunt dreams of downing street that it destroyed but away from the tories life in one of europes most unequal countries goes on but now with poverty policy is not only threatening the most vulnerable the u. K. Bankers too in the past 48 hours Deutsche Bank has sent scores home with a hug in an envelope in a cab as it slashes nearly 20000 jobs who better to give us a transatlantic perspective than the founder of sky Bridge Capital and to me scaramucci better known for his role as Donald Trump White HouseCommunications Director he joins me now via skype from new york at the thanks so much for coming on before we get to arguably more vital issues who knows what do you make of the sacking of 800000 from Deutsche Bank people being sent home this week from the city of london well look if you study their financials you know we have 12000000000 under management in about 30 people in our research c b the saudis are surprising it was actually long overdue and ultimately we really lies whats going on they cant have their position in the city anymore. An issue now with potential wrecks it in the end leading of the u. K. And so theyre going to. Theyre going to theyre going to build up their frankfurt and Central Western Europe operations and obviously the polling out in north america so ultimately after 25 years of trying to break into wall street with Investment Banking by Bankers Trust 20 sure years ago they capitulated and so its not surprising because if you go to the reserves that they had in the capital ratios that they had they never properly adjusted them after the 2008 crisis or the us but the us taxpayer bailed them out with a pretty penny what do you think u. S. Taxpayers will feel about the sacking of 800000. Well i mean i think the media will pay more attention that than the u. S. Taxpayer you know the u. S. Taxpayer thats 10 years ago and i dont know how much time spent in the United States but the people United States have an Attention Span of pride to possibly 4 weeks so i dont think anybody really cares about. Well well have to get the views of the u. S. Taxpayer and that of course here in britain the big story but the big story but u. S. Taxpayer by the way big time u. S. Taxpayers oh yeah well when i was the taxpayer the bailed out the banks famously the u. K. Ambassador just pissed or everybody out there russian all place the file you guys the United States government got paid back with interest and made a substantial profit on that and all of the investments that the Federal Reserve did at that time and they also made a profit on that and so what people need to know is that there was a liquidity crisis but the assets were actually just under prices a result of a lack of liquidity so i know people i talk about the bailouts and all of those what it actually made money for the government was actually from a free market perspective it was actually quite profitable spoken like a true Goldman Sachs man if i may say so im going to go into the fed im going to get on to the views of the fed 25 years but you guys always bring up Goldman Sachs if spend one minute of Goldman Sachs or 2 years your goal is x. Cars and forever im going to get back to the fed and your views on the fed on rates in a 2nd you probably know over here in britain the big story is a came down who i believe you may have known youd be defending him in the u. S. Media what do you think of the fact donald trump is calling him a very stupid guy and the fact that basically hes persona nongrata in washington. First i dont believe that for a minute and i dont even think the president s actually manage and bastard barack so thats the president s style you hit the president is going to hit you 10 times but heres the other thing you know he. He wants to go on all over on the British Government he knows that theres a trade deal coming and he knows theres some negotiating coming in so if theres a close call he wants the thai to go to the United States and so hes pressing down on this because this was an embarrassment so listen i benedicto this i understand ill fix somebody late in encrypted cable and asser derek is giving his opinion in bassett or phil murphy whos now the governor of new jersey gave an opinion that got leaked to wiki leaks 10 years ago about his situation in germany and i would imagine that ambassadors all over the world if they got their internal confidential assessment memos leak that be a lot of embarrassing conversations its not a big deal if theyre brandish government recall busy embassador darrick over this i think they are making a huge mistake and it will send shock waves through the international and particularly the western democracies as it relates to diplomatic or diplomats are giving assessment and i think i would say you have to think about is what bastard our hes saying the president is reacting predictably to what ambassador derek is saying that you know he gets hit hes got a fence can he fires back ok. We know from Edward Snowden havent they that the 5 eyes project the u. S. Has access to encrypted cables why is it that the u. S. Deep state or military Industrial Security is they can get ahold of these cables before theyre leaked in the british newspapers im not close to that but that was a political hit job so i mean listen you know you know if you if the windows ok here clip that he clapped outside its a horse its not a zebra so to me that was a political hit job an ambassador derek and theres a transition going to happen in the u. K. Government and somebody wanted to embarrass him and knock him out of that post now hes leaving i guess or so far as. In january i think it would be ridiculous for them to remove him prior to being up but its likely now because of that he wont get a Term Extension and ironically that would be a shame for the British Government because hes done a very very good job using incredibly well liked despite what the president is saying in those tweets and thats the president he is very well liked in washington though and he ambassador there is not foisted upon the United States not someone with thrilled with this is predictable behavior by the president the same all over busy but its embarrassing somebody should get in the Foreign Office of the u. K. Government somebody should get down to the bottom of what happened and some people need to get fired ok but if you are still the white house did 11 days inside the Foreign Office i could figure out whos doing it and we send them out. Well if youre a White House Communications director youd still take calls that from the British Embassy thats thats clear but what about isolation perceived isolation of britain because theres a lot of talk about that and there has been talk here about a possible trade deal with the u. S. And that this is indeed posturing from the white house that the u. S. The u. S. Will basically theyll theyll make the running over any future trade deal with the u. K. Oh listen the United States and the u. K. Youre you know the situation you get better than me you have to explain to me the form of the bracks it clean break break so without an agreement with an agreement whatever its going to be youre no that better than i walk but heres what i know United States is like this with Great Britain and we will or the u. K. Whatever you guys call it and we will end up with a trade deal that is beneficial of all sides im not sure the old looking a pound sterling with the pound sterling has been sliding to multiyear lows people some of them blaming both make for no deal breaks and very different then to the United States where were you know obviously president cut in rates and the dollar is. Doing rather differently would you think the fed. The fed will do what trump wants them to do this time any time soon i dont you know i dont know i can only go by past practices ive been observing the markets for 30 plus years im a trained economist on the founder of a company thats running 12000000000. 00 behind our interview or there would be no reason for the fed to cut rates at this time in july thats not to say that they wouldnt just they do a rate cut in september i honestly believe after the december meetings theres no way the fed is going to move during the general election after what happened with Alan Greenspan and George Herbert walker bush and that the bottle for rate hikes into the campaign in the election season the fed has been rested and to do things like that so they got a bit theyre going to move theyre going to move has a temper and december if you look at the overall strength of the economy the jabs data last week it would be hard pressed to understand why they would be moving and you know you dont note your own power but i know your own power maybe you know hes going to do the job that he thinks is the right job for the stability and growth of the usa all right i think thats what the say does jerome pile does jerome pile of the fed does he have more power than donald trump in some ways he does in other ways he does not he has he is an independent. Agency theyre not even part of the government if you really look at the whole thing and so it does in some ways but you have to also remember the bond market and the markets busy themselves also dictate a lot of direction of what the fed is doing but yes in some ways he does in other ways he doesnt. Have these kind which after this break plus a letter signed by the sense that in the past 24 hours by the british Guardian Newspaper what does it all have to do with Jeremy Corbett both of all coming out about 2 going on the ground. Welcome to maximize your financial survival guide. Looking forward to your pension account. Yanks this is what happens to pensions in britain. You watch kaiser report. This is a story about what happens austria stray bullets kills a young girl in the street. What happens to her family and daughters in florida you know my other daughter is buried in a cemetery meaning this is with your head what happens to the community the public was screaming for a scapegoat the Police Needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pin this on than him and what happens in court. Shocked shocked us from our office on the deal that we dont know shell just for the. End of this trial unfortunately you. Will still not know shell just. Welcome back im sure without discouraging do you think you failed in Successive Communications people in the white as a fail say on these a socalled concentration camps on the border i mean no one really mentions president obamas deportation of 3000000 seeking a better life more than donald trump has is it inability incompetence by people like you in the white house or is it the media that fail to explain to the American People whats going on when it comes to immigration i made a fire on a state they could have gave me a mulligan on that they said it not to and they fired me so they didnt really give me a chance to implement a Communications Plan but if you have an interest in it just punch up scaramucci comms plan on cobol and youll see i would have taken a different approach to the situation at present let me take issue with the word concentration camp sorry i bet the yad vashem might bend to concentration camps whats going on at the border are not concentration camps so if the left wants to use that word to incite people or crazy media for they can do it after its just its just not accurate now theyre like ugh why cant the trumpet ministration get the message out that the that president obama was the deporter in chief or does just trump secretly quite like it for his base well no i dont i dont even see who really likes anything anybody likes whats going on at the border the problem is is that this is a money making exercise in Central America and southern mexico and so everybody is got the fear of god in them in those areas that were all in theyre being told that the president closed the border and that the asylum laws are going to change dramatically and so the immigration policies of actually increase the influx of traffic and volume at the border so. Theyre trying to do a good job it is a very common. Good thing in my short stan government in my what youre on the campaign what i recognize i dont like criticize the people in these positions because i recognize when theyre making these decisions its between a very bad decision and a super even more bad decision so i dont want to i dont want to be overly critical here but heres something i will tell people which is absolutely true he has cut illegal immigration at that border by about 85 percent and it took the slack out of the u. S. Labor markets and the reason why the bottom 10 percent of the Employment Base as received a 5 and a half percent wage increase well it is it is old of those immigration you know its a hotly contested topic but i mean maybe next time we can even talk about Foreign Policy and the reason for the immigration the 1st place but central to the i suppose you call it propaganda against your president is this is this russia collusion case even after miller said there was no evidence of it do you think its impossible to communicate that your president is not a russian spy so i mean i love russia and i love the russian people this is the closes ive come to russia in 35 years because of all this stupid nonsense right i meet one of your sovereign wealth guys in doubt woes and ive got to go through the rigmarole with ben cardin and senator Elizabeth Warren and so this is like the whole washington 2 step nonsense the president has a hard time colluding with his own staff so i could never really understand why they were saying that he was clearly with the russians it was was a bunch of hokum from the very very beginning yes they are to his mandated by the Russian Parliament but its funded also by have a ties and and it goes out internationally all around the world im going to ask you also why do you think that im happy to be on that what about the fact that and of course im referring to channels that have been accusing him of being russians by m. And s. N. B. C. C. N. N. And all of those channels they also seem to arguably support trump when. He seems to be advocating military activity so that they were against him and his syria policy but when he starts talking tough about iran suddenly get some kudos from the. Station why is that and i you know its a good question i dont really know is im not saying a lot of time watching a station that hears theres i would say the for some reason in the media and i find this very ironic as you go back to the fiftys and sixtys the media was against the establishment it now decided to trump is it a status minutes and they hate him so anything thats established minutes orientation is good i am not in love with these works ok im more in the toilet seat gabber camp that were spending too much time on wars of the washington establishment has killed a 1000000 people in the middle east we would probably blown 7 trillion dollars that could have been spent on schools and infrastructure in the United States so you know we have to be very warry of which white eisenhower said in his farewell address about being concerned about the military Industrial Complex in the United States oh so for me im not alone in that im not in love with the lobbying that goes on the chin up all these war exercises and i dont want to be at war with iran and so i applaud the president for scaling that back and not issuing a strike against iran if we need to move our honor off of their positions and their radicalism and their theocracy and their state sponsorship of terrorism theres other ways that we can do that without kelly american soldiers in battle so i haul busy for that as opposed to doing something that a group of cheerleaders on these other networks would like to do its not something i personally would like iran of course deny state sponsor of terror but you know that john bolton trumps chose a National Security advisor advocated every war anyone can remember trump chose a chose him did this any a serious idea the tools he gathered could replace john bolton know. I probably now im very impressed with her by the way you know ive met her she came to our conference shes a war veteran shes a hero and and you know shes the future is the american future should be based on creating more equal opportunity in our society we know from the fail social 6 pearman its that youre never going to systematize equal outcomes or is going to have a black market and tippy top group of people that are taking over from the other people but in a society like ours which is lifted more people out my own family included its got to be a market based form of regulated capitalism and so ok 40000000 people on food stamps you are an Education System in the United States and people like me that are proud of the good Public School system i do not going to people on food stamps ok so why dont we focus on that and stop bombing people that would be my recommendation well just to finally you did mention in your post casa do i know have you were in bahrain for the socalled deal of the century you know that the palestinian leadership said that the Trump Administration could go to hell and that the palestinians weve spoken to they say basically theyre trying to the Top Administration signed a bribe palestinian leadership people with loads of cash. So utterly ridiculous there were 2 lakes that were dropping want wrong was the economic problem announced in bahrain 2 weeks ago where i was there the other leg is the political problem the palestinians are in a trench because the money comes in and they siphon it off for them their families they put it in Swiss Bank Accounts and so they have billions of dollars of going into the system and you cant find it anywhere in the west bank so its a fine show of more of the same and i applaud Gerry Kushner for at least advancing a plan that would improve their political situation from where it is right now and certainly their Economic Situation so the fact that they did not show up i would recommend to your viewers and leaders around the world to follow the money ok be. As money dries most of these decisions and so they dont like the fact that the playfield is going to get even and the people that have been in power that have taken all that money importance wise Bank Accounts are not going to be able to do that anymore of a plan like this is employment so i mean its just ridiculous i think its astonishing that leaders that are supposed to be serving their people would not at least go to a conference like that and here with a plan is all about so just more political posturing and good news for the society as a result of social media and all that good stuff people are tired of it you cant just shine a spotlight on your i phone the political cockroaches that are in the world and they can hide as easily in the kitchen is that you have these cameras thank you well its not only Donald Trumps former White House Communications director who supports the deal of the century this is an economic plan that if its implemented is oxic going to do enormous benefit to the Palestinian People thats all of us think the Palestinian Authority said the deal can go to hell Nelson Mandelas grandson claimed in london on saturday that trump just wants to fortify apartheid israel joining me now is someone who got support from Nelson Mandela for his campaign against institutional racism as Scotland Yard mark whats with the lifelong fight for human rights joins me now month thanks so much for coming on we just have a tony blair there lets just go straight to this story as given by a knesset m. P. What you make of this israeli m. P. Hits out of jared pushed her a palestine deal disaster of the century what do you make of a well it is somebody trying to throw a 56000000000 pound bribe for the palestinian leadership as if the state is for sale. This is a political issue that needs a political solution its not about economics its about the right of the palestinians to selfdetermination but its the position of the un and the security council. To return to the 67 borders and i cant think of a country in the world apart from some proxy of the white wing Israeli Government that doesnt support that position well lets go on to something related to the Israeli Government rather suspicious story were going to hear 1st from the deputy leader of the labor party about the former shadow fire in emergencies minister Chris Williams and thats why i agree that the only way we can solve this night to help rebuild trust is for jeremy to step in and remove the weight from Chris Williams. And indeed the whip was a rigorous williamson in about 48 hours and said youve been supporting Chris Williams in the Guardian Newspaper often cited as being incredibly anti the jeremy called me project at this letter from many prominent members of the Jewish Community in the u. K. And abroad notably no interim skins would Chris Williams unlike like usual because we have sinned and then removed the article what are you making of this Chris Williams in case what is the what does it mean as regards Jeremy Corbyn well i have to say he is a close friend and ally of Chris Williamson because hes been so supportive of b. From the get go from the time i was suspended in his readings of 2016 to the time i was expelled in april last year and you were expelled for at tacking roots me that thats why you were thrown out not attacking. I never attacked. Her of cooperating with the right when i made an observation in public which was a throwaway line frankly im a victim of fake news whats going to kristen because Williams Well it doesnt bode well hes done a lot for germany hes been jeremys most loyal member of parliament an ultra cool been loyalist who frankly i think has been thrown under the bus led by tom watson who has formed these quite venal look at his register of members interests and the moneys got from so trevor chain to name but one leading zionist you know this is a witch hunt its mccarthyism dont want to the devil leader that somebody is because theyre only human source that doesnt mean that its views of from there and jamie colby would presumably say hes not in charge of this Party Process so therefore youve got major recall been for it what is your take the who plays the play book calls the tune but lets just go to know him chomsky then what about the fact that the Jewish Chronicle can claim that the board of deputies and theyre basically saying no im chomsky signed this letter in defense of Chris Williamson and no im chomsky is linked to and minds and then the guardian immediately removed the article which was put up on monday in defense of christians and i have to say im very disappointed with the editor Catherine Viner seamus milne who is chairman is chief of staff or not chief of staff Communications Director kerry murphy is the chief of staff lobbied very strongly to get katherine into that job over someone called Janine Gibson and yet i think katherine has been a big disappointment in terms of her opposition to germany corbin and his project and they were called up by the Media Reform Coalition as one of the worst offenders when it cant came to. To associate to Jeremy Corbyn with anti semitism you know who came 2nd it wasnt the sun it was the b. B. C. Well we were in it were in a difficult place well in terms of journalism lets go to this from the b. B. C. Today theres a big conference on Media Freedom the uns Organization Unesco is that ever a committee for protection of journalists everyone is accept. R t this channel rushes are banned from u. K. Media Freedom Conference what do you make of this that 1000 reporters and members a Civil Society are right now in london to discuss the freedom of media but this channel indeed this Program Going underground is effectively banned from visiting a conference on Media Freedom i think this is an outrageous attack on the freedom of the press and explain why theyve accused auntie of disinformation. That said that your state. Organ of the state theyve cited. And thats why its previous listen to the b. B. C. I just gave an example of where that being called out bias ive had run ins with Political Editor laura cornys book who had to pull an item because it was misinformation it was fake news about me is a bit rich for them to be excluding in those circumstances liquids with thank you and thats it for the show will be back on saturday when the city of durham celebrates the International Labor movement of the 148th annual daryn minus the gall until that whole gala until they can be done by sesame to see that. During the Great Depression which old mr remember there was most of the family were unemployed. And it wasnt it was bad you know much worse objectively than today but there was an expectation that things were going to get better. There was a real sense of hopefulness there isnt today todays america where shaped by the 10 principles of concentration of wealth and power. Reduced democracy attacks. Engineer elections manufacture consent and other principles according to. One set of rules for the rich opposite. Thats what happens when you put her into the hands of a narrow sector of will which will is dedicated to increasing power for itself just as youd expect one of the most influential intellectuals of our time speaks about the modern civilization of america. Hes from comes under fire from us. Despite his close ties to both. Political. People in the 2050. 500 years compensation for. His prison. Sentences 24 people involved in a campaign of coordinated terror and assassinations. Tens of thousands of political opponents were rounded up and killed