Consequential damages to the marketplace yeah you know already communist china is saying they might even be shutting down some of their pop up hospitals what does it say about health care the most Expensive Health care system in the world the United States in terms of tax capita income in working this out in the United States the Coronavirus Response in general as it relates to the markets the big question is how overrule ruly end now damaging will the buyers be and so if its 10 times worse than the flu and thats going to have a consequential damage and major stress on the u. S. Health care system yeah but it was many you just said if you just said in defense of that you have taken defensive positions why is that and whats it like actually at sky Bridge Capital right now as the information filters in and you get new cases every other hour or so every other day i mean this is my 30 and i was in the white house for 11 days prior to that. That and after that and ive been doing this for 31 years and so i was defensive before the corona Virus Outbreak just because were in late cycle economic expansion with heavy lead cycle deficit spending it does not feel like that in itself would end well the white swan or black swan of the coronavirus is complicating matters further and its slowing down the economy and just rocking the supply chain if its worse than we think it will sell a lot more if its better than we think it will rally my personal opinion is that the market will rally from there ok goes without saying that both of us think it will be a tragedy if the deaths do amount on that kind of scale but i dont know whether you are the one writing a join those 11 days for term speeches about the need for a cut in Interest Rates because trump is been calling for a cut in Interest Rates more or less in c. And to the white house do you think a cut of some kind can can save the markets if the coronavirus threat is worse than has been currently predicted well i think theres going to be a cut i mean theres at least you know the futures markets are equating 100 percent probability for 25. 00 basis points on march 19th it could go as high as 50 depending on market activity the great irony of that is the cut in rates is supposed simulate spending but were telling people to stay home and so theyre forced semi quarantined themselves to prevent the virus from spending spreading so weve got a confluence of things that are not making much sense that people but it doesnt really matter theyll cut rates anyway because Interest Rates are the financial gravity of Financial Assets of the lower they are the higher the value of those assets but heres the thing that i think you know agree with me the global central banking coordination of lower d rates as created the wester high. It was 6 of nationalism and populism because as rates go lower very very rich people get richer and richer and the poor middle class cant catch up and so in a weird way ben bernanke in janet yellen actually created Bernie Sanders and donald trump ok ill get to that because everyones talking about super tuesday but you knew the president do you think he was genuinely being. Trying to calm things down when he said the coronavirus or at least the talk the way that the coronavirus was being talked about was in a manner of a hoax like say the russia hoax do you think he was he meant that to try and calm things down or he was genuinely ignorant about what coronavirus was well i think you know in the present as well as i do hes very market century and i think he thought by downplaying the potential sabera that that would inspire and still confidence in the market but as i was trying to explain the other at c. N. N. That does the exact opposite youre way better getting to the podium like that and at least laying out the facts cogently and then suggesting that you have a team of experts that are going to advance your agenda that youre not going to be that person youre not quote unquote d smarter than the experts he may be in his mind smarter than his generals and hes a very stable genius but i dont think any Market Participant use him as a Nobel Prize Winning immunologic this immunologists if you will he would be way better served by Communications Plan of laying out the facts but then also letting people know that he has enough selfconfidence to let others take the reins here that have more experience than him in these particular subjects but you are presumably as aware as he is that theres going to be political the politicization of his response to the coronavirus do you think theres an element of the fact that there are people working against him who want to. Basically oppose what i say he was trying to get in the News Headlines about afghanistan a peace deal with the taliban well i mean listen i mean theres a couple of things there theres character theres management style and theres communication so you know listen ive said my piece about the president if you look at the polls and you look deeply into those polls is Campaign Team has to be very very wary because the things that claire out of me are white women white women suburban d voters and he seems to be in a permanent stickiness at around 4142 percent and thats not going to be enough to win this election ok but were you impressed at least i know sky Bridge Capital probably on investing off the back of it in afghanistan were impressed by the qatar seeming below already people are saying that the ceasefire has been broken in afghanistan i know last time you seem to favor tools to gavins a nonintervention approach when it can Foreign Policy well you know what i was basically saying about tells you gabbert is that having been to afghanistan and having beds to iraq in last wednesday night i had dinner with embassador crocker you may remember ryan crocker who served in both iraq and afghanistan during very difficult moments in the 2 wars i think that we are better served we were less intervention all it seems like you know youre youre miscalculating going in all of the unknowns and youre miscalculating withdrawing with all the unknowns will be as well and so youre equally perilous situation but i think in the case of this piece you know i love the United States and American Patriot you have to look at it clinically holing all of those troops out knowing that there are still a terrorist threat in that region and knowing that the taliban will come back harder and stronger than ever before after 20 years of fighting them you know i think i think i think it was a political decision. Very similar frankly to the political decision that president obama made in 2011 into 12 which was a light trawl decision to pull troops out of iraq so you know it where is where is me is that the long term Strategic Interests of the United States are sometimes dictated by domestic politics ok but then if we ignore trumps decision to assassinate a top iranian general kusum silly money you must have good is speech of the sea back rally surely he came out like a peace time president or a peace maker president more than the any president you can remember well but also very similar to president obama and you know we can go back with the hind said history and say that the invasion of iraq was probably not in our best interest long term given what happened in the heavy deficit spending that this country generated to stay committed to those worse and obama and obama of course launched the war in libya which apparently trump opposed well maybe you know maybe supported it before opposing it doesnt it doesnt really matter or i think its a broader question about American Leadership and long term thinking and really trying to think about what is right or wrong to do as opposed to left or right or whats going to get me elected iran elected and so it was said i want peace more than anybody i have bed to afghanistan i have tore that you know probably 7 of our Forward Operating bases i had bend to baghdad i certainly dont like seeing american troops wounded or killed in battle and i certainly dont like seeing civilian deaths so you know i would love to figure out ways to do things more diplomatically but the flip side of that when you look at the research you look at the intelligence you know the terrorist Training Camp for me is still taking place along the border. And in afghanistan and having a 10000 troops unified nato force deployed there would have probably continued to unravel and d. S. Those people ok well anyway the peace deal apparently is unraveling just finally i think i can see the bloomberg terminals behind you there and i think you favor bloomberg for the democrat president ial nomination it is of course when the scientists who has been leading what do you think about the facts on this is raise the specter of russian interference in the democrat primaries well in the in the event that my clients are watching im a very cheap guy who only have one bloomberg terminal i think everybody sharing maybe your support for is going to get you cheaper subscriptions is that whats behind it like i like longer but i dont spend all that money on that term but on the Bernie Sanders. You know listen i would side with the america to tell what he sees all day its no surprise to me that. There are people in russia im not necessarily saying its the government because i havent seen the intelligence but you have hacker communities and you have all different types of people all they want to get into and you know disrupt the american democracy in other western democracies i get that early see if you want trying to win or work super or to make birdie sanders the nominee because oprah seems tonys care and we thank you thank you for the break but given forget the us is arguably got away with wiki leaks revealed the Afghanistan War crimes but the whistle blowing organization hasnt whistleblower eileen trouble in the future for publishers and whistleblowers up to the torture of juliana songe former u. K. Home Office Minister norman bacon tells us all about the senior official he worked with whisper tactility just resigned saying he will sue Boris Johnsons government for bullying all the support coming up in part 2 of going underground. Time after time corporations repeat the same mantra sustainability its very important to excel or transition to sustainable transport sustainability stay number manage a more equitable and sustainable world. They claim their production is completely hamas. Because. It does not the Companies Want us to feel good about buying their products while the damage is being done far away and this is Something Else this must be done even as i need much. As the sun moves and used to do Nieminen Einstein seemed to be based on that understood look to see when. These policy makers are grown accustomed to the idea that every single problem can be solved with money for anything why cant we solve the coronavirus of money printing the market now is starting to scratch just had a little bit and saying wait a minute thats the same so therefore valuations look like theyre going to be marked down already in correction territory on these markets down 10 percent are we going to have to bear market valuations down 20 percent probably i think the likelihood is extremely high ali they have a 50 to 60 percent drop thats probably a 10 to 20 percent. Probability. Welcome back john mean a good through some of the weeks top stories for you cam of his mr norman bade good norman welcome back to the program forget the royal baby or Boris Johnsons baby super tuesday the story concerning us is about someone you worked with who actually. Her boss had to resign over meeting israeli assets pretty battell who is calamity well this is a hatchet job from the from the mayor which is a downing street press of these really suck calamities off spitting fury top mandarin for the rotten summons the b. B. C. To announce boycotts and vowed to sue a bully or i was pretty but teil them has been the Civil Service of 33 years very professional Civil Servant very fair very balanced didnt always agree with him didnt matter he gave professional advice so for him to be driven to this is quite extraordinary and to warrant the sunday times reporting that m i 5 is no longer briefing the home secretary of this country a i cant even remember the last m m i 5 had to publicly deny a story whereas philip roth well i mean briefing against the home secretary using secret intelligence that agencys this country to damage the reputation of an elected official pretty well theres no evidence whatsoever that for that rotten sponsible for the m i 5 story in the papers it may be true for all i know the m i 5 have got concerns about pretty patel and if they have i wouldnt be surprised given her record of International Management when she went off pieced undersides of a series of secret meetings with us reading israeli politicians including Benjamin Netanyahu when he was allegedly on holiday without telling the Prime Minister at the time series of may and she was sacked for that would do things going through his head thinking he can sue the government well i mean he thinks hes got a case for constructive dismissal think he probably has if you honor in and. One position and your life is made into intolerable that briefing to go against you that youre subject to unflattering comments in the press which have been deliberately put there as this story in my view in the mail then of course effectively to try to damage your reputation and destroy your credibility that is instructive dismissal im sure will leave the mail and Associated Newspapers that say theyre not just acting as a conduit for the privilege of the only really obvious that this is a well known about not really seen leaking a store other leak story in the past 48 hours of an out of Court Settlement involving pretty big tell ledger the 25000 pounds of taxpayers money was paid when did the b. B. C. Get that story is that a game coming from civilian robey down there ready to come from for the brought them and i didnt want to say again because of my father to recruit from him i suspect it didnt last but it came from out of m i 5 was probably true in my opinion of the Civil Service but i was a minister for almost 5 years when top jury not 5 years my impression the press by the way present company excluded. Were down the mirror at least if we go to the next story is governing stories that i dont really see this in broadcast news now we have considered very much but d. W. P. In cover up iraq to calm a storm after destroying dozens of secret benefit deaths reports well we know here we are we going to situation where people who are on benefits sometimes have their benefits for moved without a very good reason that causes distress and in some cases it seems apparently suicide and death and clearly thats not very encouraging for the government to help out publicize was enjoying the liberal democrat Tory Coalition as soon you always like well i mean i there if he was a coalition you try to put the most obscure things on me as you tried to pin them over the top with his sleeves in fairness this is 2015 to 2016 as Data Protection laws suggest you shouldnt keep information longer need to keep it and they may have been very zealous in forcing that thats one possible explanation other explanation is that its all very embarrassing and would prove the case that theyve been taking away benefits and people. Committed suicide in fairness to the government theyre not going to pilot just scheme apparently with a gain do re nationalize the privatized disability testing yes yes and so they should because when i was an m. P. Only in one area well we dont m. P. A lot has a chip in say i had people who had benefits taken away from who clearly were entitled to those benefits for spurious reasons so the system doesnt work properly but is it a conscious cruelty i think its an attempt by the government to say we dont want to have inverted commas scroungers we must eliminate each people from the system and there was interpreted not to have been overzealous obviously anyone in distress can get in contact with the samaritans other n. G. O. S who may be going through problems with the British Welfare system dont they grabbed the foreign secretary is in saudi arabia today perhaps more getting our arms sales to saudi arabia 20000. 00 dead around in yemen in part because of british weapons being used on civilians that this goes through this the intercept involving you that nights whats money from saudi businessmen after documenting his coercive labor spell roaming practices the americans american spelling well look i mean this is a very unwise of Human Rights Watch theyve taken a donation from a saudi businessman who has that of both a condition which is that not money must not be used to promote an l g b t k writes in the middle east money is buying your policy that cannot be right for an end your for government only for n. B. A. Else i mean human rights which is already controversial arguably because it refused to call the us backed coup in bolivia a coup bolivia where we get all a lithium from for all our mobile phones how shocked are you the well rights words. Im concerned because if you would end up its a slippery slope to start tailoring your policies on what you say youre calling to where the money is coming from which appears to be whats happening mechanical and have named said its a deeply regrettable decision to have accepted the donation. It included conditions did not affect the commitment of the organization. In terms of its support for bt writes what do you think of a well i mean they had to say to this. Condition full stop it i should but were not taking your money peter your rights are quite important theyre under threat across the world under threat in the middle east in particular under threat in russia from mr putin who apparently wants to ban same sex is against gay marriage yes i mean i watch it are not you done for political reasons presumably with getting to vote in it although it doesnt stop them going around dressed or undressed in 5 and a half naked on or switch or so many people are sick of all erotic picture no make a thank you well the trouble ministration has just signed a controversial Peace Agreement in qatar with the taliban aimed at ending the u. S. A. s longest ever war forgotten appears to be all the u. S. Funding of al qaeda and the u. S. War crimes revealed by wiki leaks instead we get leaks is julian a songes in london facing a defacto death sentence arousing questions about the future of publishers and whistleblowers in nato countries was a brilliant job author of there is no mean whistleblower joins me now welcome back to going underground eileen im going to get to the book and the house of commons a meeting in a 2nd but it was 5 years ago when you were on last time Julian Assange has just been granted political asylum in the Ecuadorian Embassy in london would have been your thoughts as we heard reports of this case last week regarding his extradition to the United States well im really frightened for to analysts firstly all the people that we deal with need journalists to get the truth out and i mean to find every journalist is in danger because of whats going on here its hard to believe that this is the u. K. You know this is our Justice System this price to be so fair am ive actually set through one of the pretty hair means and. It was awful to watch it. As far as were concerned and the whole thing is just a total scandal and its an attack on free speech and we should all be standing up and doing something about this was a plane organizations human rights organizations we should all be outraged at whats going on here and there is a deafening silence and in a way you were meant to like julian the sun just by government for germans in the late great campaigning journalist but you can understand you can deliver ednas lawful whistleblower. If the publishers and journalists cant get the whistleblower yeah they should does this how does this damage dollars arent it was it cheerfully its usually damaging and the government fashion award which we do every year to share Julian Assange one that award and he was voted for by whistleblowers is the only award in the whole world where whistleblowers for journalist there is help to get the truth now so i think that bears testament firstly to have important the Julian Assange case is to whistle blowing the man in the street might think oh well you know its not important to me it doesnt affect me but if x. Is all effects the Public Interest and it effects ours as a country that we have this stain on our Justice System remind me about moores law and tell me about how the house of commons meeting went with all the m. P. s are they going to finally get this on the structure but we have got support in the house of commons we have is it what is the law just remind even is law it is a law that would from the minute somebody blows the whistle would protect the genuine whistleblower good employers have nothing to fear from it this law at the moment we have a situation where lawyers and the compliance industry are making millions in profit and whistleblowers have got no food because they did the right thing the new book explains to the man in the story what why its important and all of the issues and all of the evidence around in that case where this law is based on evidence from over 7000. 00 whistleblowers but we also have support from family members whove lost loved ones because whistleblowers were ignored and this is the Health Industry the police body goes wrong and yet because its a board it can be anything but there is new me in whistleblower also outlines why the existing Public Interest disclosure act which presumably was drawn to the moment would say is already there so you dont need to school we were the 1st people to use the Public Interest disclosure act 22 year. Ago the paper 7 used that law and that your file there and we Petition Parliament at the time and said dont let any other whistle blows be fair by this so if theyre saying that today 20 years ago enhanced out the 1st case raised serious concerns about law and those concerns were ignored and it has cost countless lives and it has allowed people in no to can get away with abuse and all sorts of from doing well as i understand it group or the private insurers in the in this country which im sure it was a lot of journalism they they refute that there are. The things in their bylaws or within the i dont believe that stop a salute yet well actually denial is one of the biggest factors in this in this case. Paper is not the only bad company in the whole world there are Many Companies with that culture theres been you know the australian more Commission Evidence on the message abuse in peoples homes in australia weve been calling for an inquiry into historic disappearing cases and people that have got nothing to hide and want evidence reexamined dont tend to call for public inquiries to look at the evidence we over. She executives and bosses on the program to refute what youre saying really you think at the moment there is a Legal Defense of whistle blowing in this country now there is no now we also know is unique because it also campaigns for Public Interest defense for those whove signed the official secrets act and whats not happening at the minute is that everybody is being protected under peter except genuine whistle its a Public Interest disclosure ok with it was half a decade as i say you can be more than the show is not that the politicians are corrupt is it because the politicians dont fully understand that there is a problem yet i mean they say i mean youve got cases going through courts of the many where people are far into have a brain protection and then they find out very quickly that there is no protection from whistle plain or. The Worst Companies cover up and deny and they deny for years and years and years what do you say then to a whistleblower watching this right now whos working for a big force of yak of billy working in a care home working at police there isnt a Public Interest difference was it was to do no i mean theyll tell you that youre protected by law but in or if youre in a union obviously go to union for advice or contact compassion and care were going to throw or the whistler which is another organize a our Sister Organization ok i mean many lawyers would say surely that certainly corporate lawyers say we have conventions that britain is up to and human rights and the un charter and the european. Charter and so on the doesnt tell that to the person whose mother and father has just started in a care home tell tell them that you know theres a charter for human rights because human rights doesnt apply to those people and this people to die you know being abused and in care homes theres wrongdoing going on in all sectors right now and there is no no one there or any action or any authority that will do anything about the wrongdoing thats going on every day effects members of the public but the public only see whistleblowing as something thats maybe like it would snowden but until their child is killed by a drunk bus driver who somebody reported is was drinking on g. T. A. So its every aspect of our everyday lives you open a bottle of water and you drink it and you can see in that water site and if it wasnt safe it would be able to supply word that would tell you that and if we dont protect those people then we are all in danger jump thank you and thats of the show will be back on saturday as the trump of the tropics brazils president higher bolstered our visit to washington d. C. After his country became the 1st in latin america to test positive for corona virus which will then keep the treasure media join me on the ground by subscribing to our you tube channel. And were going to fulfill not be true promises. To the people come on you know weve all got the uterus are you. Ready for a. Very real. Now you want to. Know. The. New front runner in the u. S. The democrats race to take on donald trump joe biden sweep super tuesday but he is facing a backlash as well over his iraq war policy. With the take the easy part of the world little bit of. Base after a heralded peace deal with washington the taliban builds over 20 soldiers and police in afghanistan while the u. S. Response with airstrikes. Police clashed with Asylum Seekers and the Turkish Border as a girl over refugees it deepens r. T. Spent a night at the frontier as thousands of people scramble to reach. Out to watch the front