A claimed russian trouble for apparently destroying another key player of the russia gate fiasco. Good evening 6 pm here in moscow youre watching International Donald Trump has put on a brave face on over the coronavirus pandemic causing turmoil on financial markets. Is the u. S. Economy heading into a recession well it may be what i think in terms of a recession with thinking in terms of the virus once we stop by that theres a tremendous pent up demand both in terms of the stock market in terms of the economy and if once this goes away once it goes through and were done with it i think youre going to see a tremendous tremendous surge on monday u. S. Stock markets suffered their worst trading day since the 1987 black monday crash share prices tumbled 12 percent amid fears over the coronavirus wiping out trillions of dollars in market value meanwhile european markets have been mostly low on tuesday following a dramatic selloff the day before with more now on the current Global Economic situation is more against the. Unless you majored in finance everything thats happening may seem a little overwhelming what is going on why are markets melting down while bankers wording around like headless chickens and a few minutes with this monopoly set ill explain my everything seems to be crashing and burning what the hell is a fiscal stimulus and why is everyone crazy about rate cuts 1st that said the pieces here are investors meaning millionaires youre middle class with modest savings your pension is here all of them have some money saved up these days you dont keep your money under your mattress you want to return it right interest a big good pensions you take this money and you put it in the banks depending how smart they are all how greedy they are they promise you x. Amount of profit per month the banks then go ahead and loan out this money to whoever needs it they drive our entire economy the new hotel built in your city the new jet purchased by British Airways the new hips the bar bill down the road from you your mortgage to buy your house comes from the bank so all this money goes into the economy to keep things running and here is how it runs every month these people make payments to the bank here every month the same payment goes back to the bank the bank then pays the investors the investors then put the money back into the bank this is obviously simplifying things but you get the gist of it its a cycle it all works great while it works but then something unforeseen happens like a mortgage crisis or a pandemic virus clubs and pubs are to be closed along with theatres museums do Sports Centers and Similar Establishments and retailers with specific sanctions. Now is the time to take extra steps we are ordering the suspension of all retail activities with the exception of groceries pharmacies and other outlets selling fancy goods. Suddenly mass shut down quarantine factories businesses come to a standstill people lose jobs stop paying mortgages suddenly people arent paying the banks back and the investors the markets your pension manager they start panicking that is their money stuck potentially lost they see the news pandemic they call the bank they say they want their money out pull my money out of the markets out of the dow jones out of b. P. Out of up all the markets crash but the banks dont have it here is where the government step in before this mass panic and a run on the banks the government say the magic word bailout Fiscal Relief lots of words but its the same thing the government pulls money out of thin air the money presses and gives it to the banks so that they can keep paying investors its all pretend play they just simulating that everythings fine by printing ridiculous amounts of money and passing it back and forth between each other the real economy the factories in the businesses these guys are in quarantine and shut down but the entire point of this little show is temporary live this illusion has to work for a little while weeks months to allow the economy to recover to prevent the banks from going bankrupt and recalling all this debt to help these guys get back on their feet and start paying their debts back you dont need to be a new to the economist or an economist to realize how how fickle how fragile this illusion is the collapse of the markets down 10 percent roughly here a year now. It states in new york city where im sitting is a clear very profound statement the entire community which is not the small people who have a few shares im talking about the people who manage ancient ones who manage what folly also and so on have a massive loss of confidence in the government the state or in the private economy to get out of this disaster were running on borrowed time they cant keep printing money for too long or inflation goes through the roof money becomes worthless the illusion will eventually wear off even the most optimistic investors can only live in denial for so long and will realize that banks are living in a dream world then it all collapses see the world up until now has been weighing lives vs the economy for all the criticism and ridicule of the world through a child that they shut down everything sacrificed their own economy to keep the virus from spreading the west didnt the west ridiculed that dismiss chinas response as incompetent they tried to keep the markets happy rather than the people safe and what they got america and europe is the worst of both worlds and economy on the brink of collapse and the death toll fast eclipsing that have child. Meanwhile airlines have been among the worst affected with passenger numbers collapsing carries an hour cutting tens of thousands of jobs and sending workers on unpaid leave over the pond meanwhile europes major carmakers there have also gone into full crisis mode shutting down dozens of factories the tourism and hospitality sectors have been severely disrupted by a lack of customers and amusement parks are being closed and major sporting events have been cancelled and as an increasing number of e. U. Countries do go into lockdown millions of jobs are likely to be at risk. Meanwhile the World Health Organization says that the corona virus has now killed more people outside china than inside the country and france has now imposed an almost total lockdown on its citizens with over 100000 Police Deployed to enforce the quarantine there the measure is unprecedented for post war europe military trucks have been filmed deployed on to the streets of paris as calm as frances and syrian minister warns people to stay at home in quarantine. More dog the message is clear stay at home these are containment measures similar to those in spain and italy all persons travelling must be able to justify their movements each person will have to carry a document certifying the reason of his eho journey. Becomes the radically steps up its efforts to contain the coronavirus restricting all nonessential travel for at least 30 days several nations including austria germany and france have closed their borders are to show that the looks now at whether the year are Free Movement could be coming to an end. 3 years populists have been advocating tighter border controls within the European Union which you and the National Governments have criticised yet in 2020 that is exactly what were seeing happening it all started with italy and border controls being imposed from people trying to leave it early to go into austria but since then a host of other e. U. Countries have done exactly the same we have seen slovenia hungry denmark and now even germany shutting up shop saying its borders are closed shame again which is the idea of Free Movement within the European Union to do that without passports is essentially over well for now at least the 1st. The borders of the entrance of the European Union and the schengen zone will be closed concretely all travel between non european and were reaping countries will be suspended for 30 days or we are forced to stop Flight Connections to these countries and establish controls at the swiss border just like the ones we have already implemented with italy when youre hungry border in the direction of italy remains closed. Without a valid reason travelling in and out of the can through will no longer be allowed. To burn on entering the Czech Republic for all foreigners except foreigners who are the permanent residence of permits or residence of burma over mounds of the life in the e. U. As we know it is over museums shops bars cafes schools have all shut up shop in many countries in a bid to pause the peak of the infection rates in france the bees which is the way that people sort of cory to each other with kisses on the cheeks has been pretty much a band people have been awkwardly bumping elbows or knocking their heels together but even that has been petering off as people are becoming more and more whipped up into hysteria that they could get contamination from just being close to another person the governments line is keep your distance from each other yet in the e. U. This conglomerate of 27. 00 countries which are all meant to be singing to the same tune it doesnt seem that theres one rule that all are applying even the European Commission is warning that the closing of borders could actually pause supplies thousands of bus and Truck Drivers stranded at internal borders on parking lots creating more health risk and disrupting our supply chains if we do not take action now shops will start facing difficulties in refilling their stocks are. Certain products coming from elsewhere in the Single Market some see the idea of governments in europe essentially locking down their countries as being the start of a slippery slope even warnings that this could be a nail in the coffin for globalization as we know it the Coronavirus Crisis threatens to assure a less globalized world was the pandemic come panic a bates those who believe the openness to people and products from around the world is generally a good thing we need to make a case for it afresh in persuasive ways. And he says this could be a gift for populist parties who have been advocating this this tighter control of borders for many many years and also those tighter restrictions 19 has highlighted the downsides of Extensive International integration war funding fears of foreigners and providing the just said mysie for National Restrictions on global trade flows of people your pet store oakley has been a cultural hobbits bars its cafes its restaurants hazes of people coming together discussing and debating ideas and some fear that this idea of self isolation as weve been told to do could actually cut through the fabric of that some of also said that it will see the nation fighting loneliness as people self isolate in their homes and their apartments now in italy some people have already tried to overcome that weve seen these marvelous comes together of people singing on their balconies as theres a sense of were in this together oh god d. But the longer that self isolation goes on some say could be weeks some say it could be months for many people their homes which are meant to be their safe haven the place that they go to relax and rest could become more like a prison cell future historians will remember the time 90922020 as the heyday of european global integration which came to an end for the borders of Free Movement. Inclusion etc. All of a sudden we see a complete this mode goes into reverse. The cause the consequences would be grave no question i do not expect any return to the status quo ante we will see a different either you or i do not expect a disintegrated europe but how this will how this will work out how it will look in. Reality for example with border controls thats a completely different question remey days of the past with no border controls at all i see is permanently over gone. Ok lets get the thoughts of alexander contempt he joins us this afternoon hes a financial expert and youre very welcome i think you are speaking to us from paris so lets start with there because i know the macro level is said that he will not allow any business to fail is that feasible because so Many Companies in firms are affected by this and they all seem to want a government bailout is that feasible. Well indeed there will be a huge impact on business on people 1st and on business as well the measures that are now take. And they are quite important in terms of support that they can get 300000000000 government to fund the insured. Companies default on the on the road there are many other measures to ensure that they can. Later the benefits and taxes are all or i think its a good response i think your. Leadership of the country has taken the measure of the situation and overall i think. This is a response that is really at the scale of this. Crisis president from saying it really does not think that a recession will follow in the United States do you agree with that because he was suggesting this is more of a Health Crisis than a financial crisis but other people are saying that this is only reflecting fundamental problems that been in the World Economy for for many months. Well you know there will be obviously repercussions there will be consequences on the economy level from this crisis far beyond. Didnt you call these. Because there are not only disruptions in supply and demand right now but there will be. Colonies corsican down the sets which means that the demand for gold right now we knock down the sex on demand later on vestment later on this country does so i expect there will be quite a big hit with ucas and the to the global the canadian to Many National economies over all this year and it could be. In the money to just the Global Financial crisis 20082000 or even worse than that actually i think once this crisis is finished nobody knows when that would be how long them would it take for the economy to banks back because again trump is suggesting once this clears up the big jump in economics and production its not that simple isnt it lives and businesses are production are active business is very hard to start it all up again. Yes indeed youre right because things will change. Pretty d. Will be completely different from what we have known so far. All the disruptions in Global Supply chains all the problems. Associated with the lack of preparedness to this kind of. Event. This week prompted rethinking of many. Rethinking of many. Conceived ideas about globalization and about. To what i dont think there will be. You know turn around from the very 1st there will be more thinking about risks visually the risk that were not. In terms of dependency from one country for example china. Lets speak of its name and also the fact that on the european level for d example. The lack of solidarity and the lack of effectiveness of the European Union situations and there will be a few questions about how to make these institutions work better. And how to ensure that europe is really. Really some value in this crisis because this is what not what we have seen so far. Ok alexander good to talk he we have to leave it there but thanks for now mr chairman on this i was a financial expert speaking to us there from paris alexander thank you thank you. Now also today football has become the latest casualty of this outbreak 2 because europes governing body for the sport has perspire on this summers euro championships the move is an effort they say to allow domestic leagues to finish their seasons and to avoid huge financial losses which are projected to be billions of euros the competition will instead be played in the summer of 2021. Ok now were told that a video has surfaced online showing an australian soldier shooting dead an unarmed afghan civilian contradicting an official investigation which ruled self defense well have a look at that story in more detail just after this break. Is your media a reflection of reality. In a world transformed. What will make you feel safe from. Isolation community. Are you going the right way or are you being so. Direct. What is true what is. In the world corrupted you need to descend. To join us in the depths. Or a maybe in the shallows. To what weve got to do is identify the threats that we have its crazy confrontation let it be an arms race off and spearing dramatic developments only really im going to resist i dont see how that strategy will be successful very critical time to sit down and talk. With r. T. Now the u. S. Appears to be going back on yet another central plank of its special counsel investigation into supposedly russian interference because a federal judge has approved the Justice Departments request to drop much tied to charges against companies accused of being behind a russian troll farm i discussed the issue with our teams. Well times russia gate and the infamous Murder Investigation have seemed never ending thought it appears that we might be seeing a ton in the tide because on monday the u. S. Department of justice fall to motion to dismiss all charges against 2 companies Concord Management and Concord Consulting now these are russian farms which were accused of financially supporting efforts to allegedly meddle in the 2016 u. S. President ial elections before we Start Talking through the whole back story to this lets listen to the exact reason that the d. O. J. Gave for dropping the case in light of the defendants conduct the risk of exposure to Law Enforcement tools and techniques and the post indictment change in the proof available at trial the balance of queries has shifted it is no longer in the best interests of justice or the countrys National Security to continue this prosecution. So washington says its backed out of the trial on the grounds of National Security and it might be linked to the fact that in 2019 a confidential information from the meter investigation was apparent and leaked online now the d. O. J. Never got to the bottom of who was behind the leak what do you think ever accused anyone but we can see that clearly this is had an impact and it has stoked fears of the breaches but either way given that the trial was just a couple of weeks ago and it was so high profile it was so much anticipated this is really quite a significant quite sensational backtrack from the Justice Department just give some details then about why these 2. Of this investigation in the 1st place. Could management and Concord Consulting are 2 of 3 companies on 13 individuals that were charged in front of 20 by robot was a huge and that went on for 675. 00 days despite the resources that was still no concrete evidence but still that didnt stop the hysteria this will see. It was inescapable it was on every t. V. Screen in america 13 russian nationals and 3 Russian Companies accused of a massive effort to meddle in the election if you read between the lines is clearly saying that this was a russian government operation by special counsel Robert Muller has indicted some 13 russian nationals Russian Intelligence Service for a very very long time has had in their playbook the this Information Campaign so as we just heard that as part of the meter investigation 13 employees from concord what charged at the time they were watching for the International Research agency now this is the socalled run. For calm called theyre dropping this case were undoubtedly be very welcome news that will prepare a 50000000000 dollar lawsuit against the u. S. Government for illegal prosecution and sanctions so well see how that plays out but definitely a massive u. Turn from the Justice Department and a bit of disappointment no doubt for all those who were hoping that this trial would be some sort of vengeance for those who believe that donald trump was elected not by the American People but who by the kremlin itself. Russia analyst Mark Macaulay tells us that the u. S. Dropped the case to protect intelligence secrets. The u. S. Justice department has taken a very very serious doe not in on president step because if you go back to the cold war. The u. S. Has the power group decided not to charge certain u. S. Cards because it would reveal too much about the u. S. Counterintelligence operations and so on so its not too much time is now and theyve backed away from it but its a really serious blow to the u. S. Justice department. So in other words the u. S. Justice department you know saying a busy day we can go forward with this charge against concord mandrel because it would reveal too much about how we collect information and how we probably train the other side and also make you who you. Are in russia for. That graphic footage has emerged online showing a strain soldier shooting dead an unarmed afghan man at close range a word of warning might find the following images disturbing but. Not. Quite. Stop. I am deeply disturbed by what has been aired in tonights 4 corners report where serious allegations are raised australians would rightly expect they are thoroughly examined the video was obtained by the striking investigators from the 4 corners t. V. Program the show claimed official investigation by the Australian Defense force ruled the killing was justified as self defense something thats not supported by the video footage of the killing is one of a number of cases uncovered by the 4 Corners Program the countrys defense minister now says that she does back in. Very into all allegations against special forces in afghanistan between 2520162017 extension 8 former defense lawyer think the socalled afghan files the documents allege war crimes by the strain soldiers among them are among the claims of the mistaken killings of afghan of an afghan father and son during a raid as well as the killing of an afghan detainee while others were mistreated brian becker from the antiwar answer Coalition Says the claims of war crimes are becoming a daily occurrence for the strain special forces theres no doubt that this is a demonstration work right theres no doubt about that whatsoever the Australian Military again is is involved in a criminal cover up the fact that theyre shooting people while theyre lying still on the ground and they recognize that a camera may be capturing these work drones and they do it anyway shows how absolutely routine killings like this are in the field they are gauged in routine i believe routine out war crimes and crimes against humanity and they know that their bosses their superiors in the chain of command are perfectly ok with it they appear to still be ok with it even though the video completely contradicts the assertion that this was insult to france and thats how things are looking so far the saving here not a well have more news for you in the headlines at the top of the. Now in point scoring we have what would be historically considered one of the greatest financial crises of the past 150 years and where does it fall into the category where how do you classify it i think were going to see a global depression and to your point how quickly do we get out of it the activist said the problem there is that their prescriptions thus far have caused the problem so theyre actually the problem there needs to have been fed the Central Banks need to be removed from the equation because they are the problem. If you want to know what you would know do you see 3 good banks i really would be switching to analyze it to gauge where the bottom sit if you speak your mind lets go with a day like you did not i got this gold is what you believe this