Transcripts For RT Keiser Report 20240713

A headline that i found actually was geek boy from ireland and he tweeted at us and he said christ report fake customers in the restaurant an illusion of demand theres a kaiser report analogy in there somewhere and he was referring to an artsy headline that one german restaurant has found a solution to maintaining social distancing on his reopening manikins the family run businesses fail tables with plastic people in order to keep customers apart and create a vibrant dining atmosphere that is not creepy at all no not creepy. No its like that film airplane remember if they had the blow up pilot. Yes my ear. Yeah all kinds of mr fall out catch that film very missing well yes the potemkin villages in Northern Ireland during the crisis make it look like stuff was going on but there was Business Activity where there were no Business Activity so this illusion of demand is key to our modern economy because its demand 1st then supply is lay people think about supply 1st the demand like are going to make a really nice corkscrew and if i do a great job theres going to be huge demand for my corkscrew but here in a modern society with the financialization that were living under the man is created 1st in the form of massive oceans a fee out money that flood the globe and then all that fear money is looking for a home so it ends up supporting supply but because the supply is not genuinely the result of demand you end up with malinvestment you end up with. Really kind of dysfunctional economy and the solution of course would be to stop flooding the money with the globe with money but what we hear from the subtle. To keep doubling beto him now lets compare the economy in the economic monetary and Financial System to the situation in germany they are potentially evidence that even life with a gas can ruin your meal so the same thing with these you know these blow up dolls these manikins of course they cant eat so they cant consume so they cant give you business so the money doesnt circulate however every normal person the world is now getting to see how creepy the world is to the kaiser report for the past 10 years we see the economic metrics and it is as creepy to us as it is creepy to you to sit in a weird restaurant filled with half the customers are mannequins right so half the money supply is the equivalent of a manic and half of well even more than half of the Economic Activity is just the equivalent of a blow up mannequin sitting there disturbing your meal right because its disturbing to sit there and look at thats what we see when we look at fracking what we see when we look at negative Interest Rates what we see when we look at the fed buying e. T. F. Its the same sort of disturbing feek economy look when you get it negative Interest Rates and you get negative oil prices here essentially saying the time a stop and space the longer exists so why not in in a restaurant full of lifeless without any animation blow off consumers that are mere representations of life right so were this is essentially a mark of the plastic army that is descending. Now into our lives in all manifestations driven i would imagine by some kernel of ai right so there are conditioning us to accept a blow up doll future started in the 1970 s. And now its gods call nation here in the 21st century the plastic army is upon us so here are the blow up dolls masquerading as Economic Activity in the m 2. 00 money supply data heres 2 different ways of looking at it is from the st louis fed here you see the money supply boom during the dot com bubble burst and then the 2008 crash but here you can see it in this Current Situation q jay vast quantities of money so if i remember a supposed to create the illusion of customers in your shop customers eating dinner with all you people its a festive atmosphere go out and shop break but heres the velocity its lifeless its mute it doesnt actually circulate since 1999 as you notice in your restaurant that they blow up patrons arent consuming anything the solution according to the policy makers would be to make the blow up consumers bigger like to inject more up you know helium or oxygen into the blow up and that will somehow improve the situation theyre not taking into consideration theyre dead that theyre lifeless that they they cant consume just like the moneys velocity number shows us that for now a couple of decades is pretty dying and recently the money blossom is now pretty much at 0 its like the terra cotta warriors in china right there just they on earth this tara conner army. You know lifeless clay soldiers the knowing is really threatened by them but theyre kind of spooky if you have a restaurant full of blow up dolls youre not going to book any sales but the government will keep injecting more air into those blow up consumers and telling you that the economy is growing right so that kind of just not beyond stupid right its its an attempt to rewrite the laws of physics and. Ill tell you what it is its creepy a f. Youre talking about ai this is creepy a. F. And ordinary people are starting to notice that when i say unemployment numbers come in in the United States and the g. D. P. Forecasts come in at like g. D. P. Now its now at negative 48 percent your economy is cut in half its half dead your unemployment numbers are like 20 percent they say officially like 15 percent but Everybody Knows its above 20 percent and what are the markets do soare well thats the blowup doll of the markets right this is a depiction of the economy and natural terms this is if max kaiser were depicted in the true size of the actual economy it would look at this this this dimension right Everything Else beside this. What is plugged is on the shelf behind me taking a nap quiet down. Well you know that fake macs i like him kind of like getting a better view so hes in the show and it isnt and people could be creeped out you know i noticed that fake max has a barefoot just like me saying that its verisimilitude life imitating art imitating life imitating art so of course all of this fakery is based on a u. S. Dollar backed by oil and you know that the oil price is gone negative because of the financialization and the fraud rampant in our economy front. Running ichi austan and you know destroying an ordinary investor well here is a part of this story of the global collapse of the economy despite all the blow up dolls in the Monetary System the u. S. Dollar short is nigeria running out of Foreign Exchange amid Oil Price Collapse even with the recovery the nigerian governments revenue and its access to u. S. Dollars through oil exports is less than half of what it was at the start of the year so the oil export nations especially places like nigeria which are you know vulnerable economies are not very diverse theyre suffering hugely because of the oil collapse theyre suffering a shortage of dollars and somebody response to this commodities trader woman an analyst and with some of the math now its his estimate so its not totally accurate and maybe not perfect but i did rough math a while ago and estimated that u. S. Dollar Oil Transactions will be down 1. 00 trillion dollars in 2020 versus 21000. 00 approximately 1. 00 trillion down to 800000000000. 00 demand collapse plus price decline thats a lot of lost us dollars so part of the deal that was struck the 1971. All Oil Transactions are priced in dollars right so if youre nigeria or youre japan if you want to buy oil have to buy dollars 1st right thats american style global colonization right so america has an empire or colonies or places like japan or nigeria and we colonized these countries using the dollar in terms of its connected to the oil market the Energy Markets for the petro dollar system so nigeria one of americas colonies because of the collapse in oil price finds itself on able to buy enough dollars out there to keep itself from going into utter collapse and thats not going to change all these oil. Exporters that are american colonies venezuela is a colony lets face it of america. Are going to go the way of the dodo right theyre going to come become extinct unless they very very very quickly introduce hard money into their economy either gold but you know more easily and more up to the minute would be bitcoin so nigeria if you want to stay a country with bitcoin or youre gong well in the meantime we have this will feed system and the operator of the system the wizard of oz of this system is the United States Federal Reserve bank and the Federal Reserve bank because this decline in the dollars available overseas through real prices and real you know Economic Activity theyre going to have to create a mammoth huge blow up doll of a Monetary System to pretend that this thing can stick together and you see that you know max and i have looked at. The fracking system which you know if you just look at it if you look beyond the big blowup doll of the headlines of like were number one where the Number One Oil producer and if you look just at their own returns their own Financial Filings on the stock market you see that they dont actually make any money and they call it takes more energy to extract a fast barrel of oil than it is to produce but nevertheless here we have stealth bail out shovels millions of dollars to Oil Companies fell bailout so we could all see a freaky creepy blowup doll it doesnt really exist we are not a number one producer of oil this is its fake and we see its creepy plus its a poor use of the word stealth i think the word theyre searching for is obvious this is an obvious bailout its not theres nothing stealthy about it its another obvious bailout look i mean you know in the middle ages as people began to question catholicism or i noticed the cathedrals got bigger right so it has same thing with the dollar as people question the u. S. Dollars ferocity as a unit of exchange in the unit of account the money printing is blowing up you know its a huge jupiter like saturn like proportions that try to block out the anyones doubts that maybe this is a joke being played on the world and that some point. That its not going to be good is not going to be good and that that point is arriving very very quickly a look at the open interest on futures trading a bit quine thats Paul Tudor Jones you know a year from now the biggest guy in bitcoin or a gal will be Paul Tudor Jones so have many much much more than the winklevoss much more than anybody and you can see that in the open interest and to quote features right now this is whats happening right now this is the this is whats happening right now this is what weve been saying for 10 years but finally you know i want to point out that again this blowup doll the creepy blowup doll economy. And Monetary System in terms of oil what youre seeing here is theyre turning why theyre why its a stealth bailout isnt that the bailout package the socalled stimulus again you know stimulus that word is just a blow up doll its not real it wasnt stimulating anything but nevertheless theyve companies are able to turn all those losses that theyve had for the past few years and turn them into tax returns so they get tax credits from the taxpayer for all those losses right very own rima greet sin upon people this is not a pipe. Anyway were going to take a break now and when we come back. Rude. Dont go away. Martys Holiday International memorial awards are now open for entries the media professionals are eligible whether you are a free lunch journalist who work for alternative media or part of a global News Platform to participate some to show published works and video all written for much go to award dot altie dot com and enter now. You are no offense but you no longer a young woman in fact you are one of the last living survivors of the nazi yeah. Im aware of it. All you like. You can never forget america now auschwitz was really like to be inhaled because you would never believe that one. Can do to as a topic of course for 30 years and know if it can be very bad at all seems a lot to offer by the side to make it right when i get out on the farm saw you oh well you take my song to the next deal so he can listen and hopefully bless my heart hurts. Welcome back to the kaiser report their time out of turn to tyson slocum of Public Citizen tyson welcome back always great to be here lets talk about the. This price war that saudi arabia has started or try to get involved with and they will the oil patch and it looks like they started the war and theyre getting crushed by it because it appears as though even though their cost of production is roughly 5. 00 a barrel which you would think would give them a Strategic Edge it appears as though those on the other side of the trade were able to engineer negative 38 dollars a barrel in the futures market. And this kind of changed the whole dimension of price wars and geopolitics and in a matter of a couple of hours on the futures market here in the United States tyson what do you think absolutely you know national Oil Companies always appear to lose when they try to take on oil traders and this is just another example and nobody surprisingly enough seem prepared for negative pricing t. I. I. Or west texas intermediate and smart price and the problems continue to persist in fact there was a stirring letter written by the republican chairman of the independent u. S. Agency that regulates this market o. B. Commodity Futures Trading Commission basically reminding exchanges and other markets are to suspend its that they need to be vigilant about their duties and responsibilities to keep these important benchmark products oldman so what we really have here is a lot of market disciplines are saying the way from. Some of these other key. Benchmark products because they continue to be concerned about prospects of negative pricing which is obviously not a good thing if youre an investor but i think as part of a transformation up a United States economy in the Global Economy away from stuff that has a say away from the tangible wealth and the transition to the financial ised world in the subject going on since Alan Greenspan was running the Federal Reserve bank in washington c d c when he commented that the world trade is getting lighter you know he is referencing the fact that more and more of world trade depends on trading paper or. Around the world are not actual goods and commodities so you have what youre describing there is market failure and that the actual producers of this energy that is used to fire up the World Economy is in jeopardy because markets have the price discovery of these commodities has now fallen into the hands of. Pirates basically tyson you know youre absolutely right and what happened was those pirates didnt anticipate the fact that they would actually have to be liable for physical receipt or delivery of crude oil because embedded into the contracts is an option to sell the contracts with physical delivery and ask is the contract near the expiration 24 hours for contract expiration it was panic time with all the speculators because all of a sudden they were like we might actually have to physically tape these tens of thousands of barrels of oil that were trading on a per and right now all the storage is full so they panicked getting out of the contract and they caused the prices to go negative so this had nothing to do with. You know actual supply demand pricing by Energy Producers in Energy Consumers this had everything to do with speculators and Retail Investors. Exchange traded funds that were dominating most of the Trading Volume and then got spooked when. The prospect of settling those contracts with physical delivery lets look at one of those e. T. F. For a moment the Ticker Symbol as you asked as a new asshole oil and that one points taken. Control of Something Like 25 percent of the oil market and this brings up a number of questions 1st of all as you point out theres a lot of retail participation in this product so if oil d trading has become weaponized and saudi arabia is perceived as the bad guy then Retail Investors on robin hood by buying us though are in open conflict with saudi arabia by trying to put them out of business so theres that side to it the other side of this is that they e. T. F. Which is regulated of course they blew past any position limits that theyre supposed to abide by. And flagrant lawbreaking there but nothing new so is this e. T. F. This us e. T. F. Is it the poor mans way to launch an attack on saudi arabia tyson i dont know if the the Retail Investors view it that way but functionally thats how its working and i do think that weve got Serious Problems with these e. T. F. Semis other Retail Products and futures markets that are driving a lot of the volume as you say low in through the position lets remember position limits reform was one of the cornerstones of. The american federal governments response the last frank major crisis of 2008 when Congress Passed in 2000. Whats known as the don franc acts and one of the cornerstones of dodd frank was mandating strong new position limits in commodity futures products Like Crude Oil and you know its a decade later and we still dont have through position limits its been one of the most absurd carnivals. Lack of adequate federal. Remake where we still do not have in the fact. Is issue limits rules and so as a result these Retail Investors continue to go wild. Right while American Culture is based on lawlessness right its the frontier was. Was opened up through the wild west and the outlaws of that era may hollywood is based on celebrating the crime crime syndicates of the mafia and no banker or broker on wall street has ever followed a law jamie die. Mins considered an antihero because he breaks hes a serial lawbreaker i mean its so baked into the american psyche if in the american pastime of baseball can be won by somebody hitting a ball out of the park wright said you know european game has features a game a sport features a game where you can win by hitting the ball out of the park right thats thankfully american trait is lets break the law because at 19 those who are breaking the law are considered heroes. So how do we ever anticipate that any law will ever be followed in the Financial Markets particularly when the end result seems to be a slap in the face of americas mortal enemy saudi arabia tyson these are all excellent points you know we do think that even with poor track record of Regulatory Oversight we do say that there are elements of dog freight if there implements. Particularly around position limits. Weekend start to racing in some of the excessive levels of speculation of course speculation plays a healthy necessary role in all markets the question is whether or not speculators are dominating. The volume trading in a market thats designed to be a. Hedge against price risk for actual physical producers and users of that commodity product so why oil prices traded negatively for the 1st time in 100 years the price of money that is to say Interest Rates went negative for the 1st time in 5000. 00 heirs and you know youve got this fracking industry now that relies on negative Interest Rates to convince investors that they will lose money from slower then just holding cash so thats the Value Proposition of fracking you will lose money flow are then holding negative Interest Rate paper but has the negative price impacted the industry as a whole or is it entered into a post mark to market economy where only the goal of not losing money quickly is the objective will be the fracking industry 2 which has its structural fight in szell problems for a very long time was less. The exposed here by. A chain of events around cove at night where their entire Business Model has been exposed to be a complete sham they are not going to make any money and in fact one leading c. E. O. Of a big frack or that has a big presence in ermey and basin in texas and new mexico in testimony before texas regulators when texas regulators very briefly flirted with the idea of imposing production limits on Texas Producers as a way to go after the russians and the saudis this c. E. O. This Fracking Company came out and said listen the problem isnt russia or saudi arabia its not. We have done a coup or job with Investors Capital weve wasted it and. Until we start to fix our problems nothings going to save us the problem is is that i dont see anything fixing fracking structural financial problems at any time its a losing proposition and hopefully weve got a growing number of policy makers that now finally recognize that fracking is not going to be the engine that is going to be able to drive the u. S. Economy in fact its one of the big shams thats actually holding parts of the United States that wont stop the money printing and that is the basis of the u. S. Economy tyson slocum thanks for being on the kaiser report thats going to do it for this edition of the kaiser apart with me Max Catherine stays here ever again thanks for i guess tyson slocum of Public Citizen if you want to catch our sunday live periscope go to twitter check out kaiser report on twitter yeah its on. There so much time buy a. d good. Book. Ringback to live in the shape of a good citizen to say looking. For a parking. Lot that just look up on. The show the stuff but dont take sides look fake fake fake force if you could think you could be but do we know its. A lot more serious we more. Or less deprived your life. With the pretty good news of. The police and the. Function is likely to shift perhaps oh. Yes. It appears a new cold war is in play this time which again china what are the terms of engagement what does it mean to win this conflict and is all out war possible how did the u. S. And its alliance find themselves in the situation. This is all to you can you welcome to our viewers from around the world were live from Central London and were currently waiting for the governments daily Coronavirus Press briefing alone leave from downing street that will be given by the Health Secretary map coming your way very shortly in the meantime more headlines this. The government u. Turns on the Health Service surcharge for non market workers as Boris Johnson demands a home office remove it all immigrant n. H. S. And care workers ill be talking to a machine feet from the Ramadan Foundation shortly. Time is running up to the British Government to put an effective track and Trace Program in place according to the Health Service leaders which the World Health Organization spokesperson tells us is absolutely critical. Tracing tracking treat. The follow pilates. And also this hour the British Government 6 additional powers to put restrictions on terror suspects for unlimited time including weakening the required burden of proof but on the measures necessary well hear from a barrister shortly. The government u. Turns on the Health Service surcharge for non e. U. Health care workers just a day of the Prime Minister defended the challenge in the house of commons and he said and he joins me live in the studio so he says some developments concerning the surcharge then absolutely what weve seen during the course of the day is lets a being britain quietude conservative m. P. s to the government they are. William rock on the governments really rethink this charge and in particular a lift from being applied to n. H. S. Workers and social care workers saying that those who have come from. Outside the e. U. To work it out and they chose system and social care system shouldnt have to pay this because they are of course helping the country at this critical time and saving lives describing them as heroes that its not just on the Government Back benchers where this pressure has been exerted on the opposition benches as well weve seen care starmer the leader of the labor party also making accusations of hypocrisy and laying them at the governments feet mr speaker every thursday regard to her many of them are risking their lives for the sakes of all of us just a promise to think that its right that will interrupt that report because thank you very much she said we can now join the governments Daily Briefing there in downing street medical officer and john newton. Before i turn to the latest coronavirus stater i wanted to Say Something this Mental Health Awareness Week i know how difficult the change and the uncertainty generated by this awful virus has been for many people. So many moments of joy have been put on hold cherished milestones and important events and time with loved ones and things that were in the diary that you might have been looking forward to but cant any longer take place so i want to say this to anyone whos finding it hard these are tough times it is over k. To be not ok and it is normal to feel low and anxious and unhappy sometimes. But it is so important that if you think you need it please seek help if you want to talk to someone please go to the n. H. S. It is there for you and if you are Health Care Worker theres a bespoke series of support. So we can care for you just as you care for the rest of us just text frontline 285258 Mental Health charities are also offering some brilliant support today on providing a further 4200000 pounds so organizations like the samaritans and young minds and Mental Health u. K. Can keep doing what they do best everyone can strengthen their Mental Health just in the same way that we keep our eye on our physical Health Including when were healthy and p h es every mind Matters Campaign is something that every Single Person can engage with and use to strengthen your Mental Health and well being in good times and in bad so lets all come together this Mental Health Awareness Week and support each other turning to the daily figures weve now completed over 3000000. 00 tests for corona virus in total 3090566. 00 tests have been carried out in the u. K. Including one 128340 tests yesterday 250900 8 people have tested positive thats an increase of 2615 cases since yesterday 9543 people are currently in hospital with corona virus that is a 14 percent fall from the same time last week. Sadly of those who tested positive for corona virus across all settings. 36042. 00 have now died and thats an increase of 338. 00 fatalities since yesterday. This is a deadly virus and its brought pain to so many both here and across the world but we are making some Real Progress and id like to take a moment to remind everyone about our plan to defeat coronavirus and get britain moving once again slide one please as you may have seen in previous briefings weve now put in place of the Health Secretary matt hancock there giving the Daily Press Briefing from number 10 downing street interesting me nothing yet on the government. In the last hour with the Prime Minister now demanding that no one e. U. N. H. S. And care workers dont pay the Health Service surcharge but we can now return to meet with me here in the studio and you have more on that now than he said absolutely we were just as bill said theyre getting that news that the government have decided to make a change to their policy but not before they came in for some criticism from the leader of the opposition. Mr speaker every thursday we go out and. Many of them are risking their lives for the sakes of all of us. Just a promise to think that its right that care workers coming from abroad and working on our front line should have to pay a surcharge of hundreds sometimes thousands of pounds to use the n. H. S. Themselves we must look at the realities of this is a a Great National service its a National Institution it needs funding and those contributions actually help us to raise about 900000000 pounds and its very very difficult in the current circumstances to find alternative sources with Great Respect to the point that he makes i do think that that is the right way forward now as we just mentioned the government have decided to do a huge exempts at h. S. And social care workers from having to pay that surcharge in order to use the n. H. S. That also comes following the ruling in a court that basically anyone who works in the n. H. S. Or in social care settings who comes from outside of the European Union wont have to pay that charge anyway if they cant afford it well now it would appear that those workers wont even have to prove that because it has been dropped from that. East thank you very much indeed for that well for more on the latest government u. Turn im now joined by Mohamed Sheikh from the foundation mohamed embarrassingly in return to an embarrassing u. Turn just one day after the Prime Minister defending the surcharge for migrant n. H. S. And care workers i think has been disgraceful that we see n. H. S. Staff Migrant Workers in every aspect from health you know cleaners and porters all essential start to keeping the n. H. S. Go in and sacrifice our life hundreds that died as a direct result on the front line and were saying to them and to their families were going to continue to charge after you put yourself on the line i think its been disgraceful and its right. After that the government have announced this. But i think we need to see the detail bill because what often happens with this government is they make these flashy announcements and when we read the detail there isnt this safeguard in place we need protection not just for n. H. S. Staff but their families and their children as well and so well wait the details of whats been announced this of course was a crucial source of funding for the n. H. S. And the government says it needs the cash particularly now but is this just a political move to save face at this very sensitive and critical time but i think we saw yesterday in primaries this question is you sure the exchange between. Boris johnson where the Prime Minister doesnt even know what the exact figure is and this is politics youre demonizing people who are the backbone of the n. H. S. Ethnic minorities theyre the black born in terms of the industry and the economy in this in the United Kingdom and you know what weve seen after breaks it is a hard line conservative. Opinion which is you know foreigners are not welcome in here and now they have been shown to be false theyve been proven wrong because the n. H. S. The ethnic minority stuff are sacrificing their life in huge numbers and i just think you know what we dont they dont want our favors they want what is their title money if theyre prepared to put their life on the line then the government and our country should provide for them and their families of course it was unsustainable wasnt it clapping for carers and thursday nights but then of course many to pay 400. 00 pounds to to use the n. H. S. Yeah i mean i will see it we cast a week we see these conservative m. P. s and ministers and led by the Prime Minister clapping for the jest but the reality is theyre not really interested in supporting the only chest theyre already started demonizing teachers and when it comes to you know when he comes through out this crisis and it comes to a fair here and an equal pay for you know for Public Sector workers. Decent pair rice i bet you that they will once again find an excuse not to do that so people know what they get with the conservatives theyre there for the rich and the powerful than the multinationals theyre not there for the hard working people of the n. H. S. Or of the Public Sector workers and well see that and we see that in this crisis Coronavirus Crisis theyve been the backbone theyve been the people who kept the show on the road and we should show our peaceable as exactly what were doing though isnt it now that that recognition is now being absolutely clear karts by this u. Turn the government realizes thats a sentiment from the nation and thats what its policy should be to really recognize them and thank these frontline carers a government should have a moral compass bill and they should passionately believe in defending those ethnic minority stuff and thats not happened with not seen that and a pretty patel were not seeing that. Theyve been forced into this u. Turn so that means they dont really believe in this process you know scrapped in this surcharge but theyve been forced by Public Opinion and the anger that there is out there so yes lets clap for the n. H. S. But lets give them a decent pair of eyes as well and how much i thank you very much indeed for joining us thank you. For coming as also said itll have virus tracking increasing up and running by the 1st of june but n. H. S. Leaders say time is running out Spokes Person for the World Health Organization dr Margaret Harris emphasized just how important and effective track can trace strategy is in combating the virus. Testing tracing tracking treating the as the full pill is you have to no way a virus is you have to know whos got it youve got to know whos potentially got it and youve got to be able to separate those people from the Healthy People if you could do that you could stop the virus from jumping from person to person and if it cant keep jumping from person to person its got nowhere to go you can you can bring it down and you can eliminate it from your population but its very very hard work people need to be aware that they need to identify themselves as potential risk and they need to take this the health of the population into their own heads by being very much a part of alerting people to the possibility that they may be infected and ensuring that the teams can come to them so its not just simply having teams its also having the Community Larry aware of whats going on and how they can help so this is the reason why britain has the 2nd worst death toll in the world with its failure to really implement track and tracing earlier on i mean it is quite staggering isnt it that here we are in the u. K. Seeing a far bigger crisis compared to other countries. Certainly a large diff toll could is made up of a lot of different components so you couldnt just say one thing is causing a very large death toll that the u. K. Is very sadly experiencing you could have sectors like the age structure of the population you could have better actual reporting in other words reporting everybody who may be may have been affected by code so really until the end of this break when we have a chance to do deeper investigations into every countrys outbreak. Still to come visit. A government bill since calls on limited control over terror suspects prompting warnings of potential human rights abuses well be hearing from a barrister. And the bank of england sells its 1st ever negative email gone the paving the way for negative Interest Rates ill be talking to an Economics Experts. We go to work you straight home. Seemed wrong why dont we all just dont hold. Any beliefs yet to shape our disdain for the conflict thats ahead and engaged in equals betrayal. When some many find themselves worlds apart we choose to look for common ground. The bank of england has said it is considering all options to help boost the post lock down economy after the bank sold a Government Bond with a negative yield thats for the 1st time in its 325 year history or just last month the bank of england ruled out a move to cut the cost of borrowing to below 0 however the banks governor Andrew Bailey has now said it would be foolish to rule anything out the yield rate of a Government Bond essentially acts as its Interest Rate and this latest move means investors will have to pay to lend money to the Government Central banks around the world including the European Central bank have already adopted a similar policy. Those suspected of terror of fences could be subject to indefinite curfews travel restrictions and monitoring under laws proposed by the government as part of a slew of measures following recent terror attacks in the capital but as word human rights campaigners. If passed it would lower the amount of proof required for authorities to place someone under terrorism prevention and investigation measures as well as scrapping their current time limit of 2 years and also propose a new 14 year minimum sentence for serious offenses followed by 25 years on license the bill would scrap the august deadline for an independent review of the governments d Radicalization Program prevent and it would give judges the power to decide if a serious offense such as far as possession is terror related therefore subject in the suspect to tougher sentences and secretary pretty patil says the package was part of the governments commitment to get tougher on terror well the bill was proposed after attacks in london last november and in february were carried out by those on license for terror related offenses but the measures have been criticized for not looking at the root cause of the attacks instead decided to roll back on human rights Jonathan Hall q. C. Appointed by the home office to give independent oversight of u. K. Terror law said the measures proposed were worrying well for some reaction to the legal implications of the bill im joined by a barrister david language. Really good of you to join us david are you worried about this yes i think that you would care to the fact that the started to proof has been diminished its effectively gone dark and balance of probabilities which is 5050. 00 whats called reasonable grounds which might in effect mean that the intelligence agencies determine that they suspect something which is traditionally be just the basis for a rest some level of suspicion and that that you have suspicion could involve huge flares of prescriptions and someones libertaria being confined in effect being quarantined home in effect to a form of self isolation so it compulsory it sounds fairly shaky legislation listening to you because obviously there were. Will be human rights challenges on this yes and of course there will be scrutiny by parliament and also scrutiny ultimately about the house of lords which i would imagine would have a significant in part in watering it down isnt it really direct to those who are. Basically uncivil fine says those terrible threats weve had done those terrible acts that obviously have been carried out on british soil many are saying the legal system isnt tough enough to deal with this pacific threat well no one condones terrorism in any shape or form are hugh and also no one denies the necessity to top of this at root cause which is a point to advert to too and there are very definitive concerns of public order but i wouldnt just isolate isis and of course the concept of terrorism might involve advocacy of a point of view that you might find unpopular or extreme but ill carrying all means then so you know its not i no one can condone that i know and can condone anything of that nature but eighties the low threshold to prove and age is all it also of course that in the midst of her present emergency this legislation is in rushed through it seems highly opportunistic and i have no im no support for never stopping of any form of extremism but when one talks about terror as a concept were also understands that the state can behave in an extreme this fashion and for example the americans in their war of terror often engage in arcs that were on acceptable under can torture so i think its a question of john consumption the former house of lords our Supreme Court judge says in a different context its a question of proportional rationality and moderation. A bit id just got to quickly ask you you can understand why the public really wants the government to act tough on this those attacks in stratham and fishmongers will never count up on people convicted of terrorist offenses and under these new laws that still be behind bars when they yes as long as matters are dealt with in a proportion in russia. Way the problem becomes someone points to a graphic example which is obviously horrific and knowing condone it on any level or for example the attack against the British Service and lee rigby all of this is a troll treasures disgraceful morally and legally reprehensible behavior but but once you set a priest. And that priest and can be moved on to deal with other sorts of situations and to skip recep in a sense its not unlike the can or of some urgency that legislation the legislation becomes embedded over time and the concept of the terrorist varies and isnt just as you referred to 2 earlier someone from isis but could be someone one that you regard as an enemy of the state or someone you disagree with now british democracy in moderation were probably not allowed that to happen but certainly other states in europe particularly have misused the concept of a terrorist or subversive as the spaniards put on trial people for holding a democratic referendum in catalonia for treason so i think one should be careful and i think the columns and particular house of lords will exercise and level of checking and balance and to create a more moderate structure no denies the necessity in order probably a public order terms for such a current terrorist legislation the question is in its present form it needs to be significantly scrutinized very interesting to talk to you on this thank you very much indeed for joining us david level nothing. Well now we can go back to last or in the bank of england selling its 1st negative yield bond and what that could mean for the economy im now joined by Economics Expert professor Keith Pilbeam gave good to see what is the rationale behind the decision here where weve already thought it level Financial Market the rationale and government money on their own treasury both a product that you love and their great good i sure hope the all that never will. So what we got there is investors paying the bank for the privilege of lending it money. Doesnt make any real sense of course lets be honest its a very very negative view its really just negative but the point is is that how that money also costs money. Some dogs say this is how the government formed and the storage costs of money itself when it boost the economy now that weve had this extraordinary impact on the economy as a result of the kind of our spending is going to figure like economy if you took the trouble big big of a big. Fight. Over the big. Mike at the moment and so theyre not incentivized to lead i mean to give them a bigger government actually biting the government. Because of course the government d. Sort of like the fight made a lot of money by spending that the government has a right its a complete culprit so does that mean for us than any bore or anyone whos got a mortgage that actually negative Interest Rates are on the way and that is very very good news for borrowers youre not going to get negative interest are very clear on what it does is it can write down and it means youve got that the 5 year mortgage. Feed through into the economy but the trouble is. Very very low right. So its really quite crazy whats going on and of course the amount of printing of money thats been going on in the background 5 governments around the well its just unbelievable. Though isnt it that the u. S. Is Federal Reserve is the only Major Central Bank to rule out negative rate to a boy is that most of the risk associated. Whether enormous problems what you have a negative interest price because people just. I dont have any money for. The life of people who fight even more money because they are going to get their pensions and they survive quite a bit more were going to make it. Very crisp right foments i get so itself and of course it just leaves the more i think about it just finally your predictions then for the economy will really be as gloomy as people are saying well people are finally waking up but its going to be gloomy because this idea that federal crime id rather be shot i think operate that. Reality a big problem but it will work out very very slowly so you might see many days is it truly impractical professor Keith Pilbeam thank you very much always interesting hear what you have to say thanks for being with us live here on out u. K. And thats it for the moment ill be back with more news in half an hour. Join me every thursday on the alex simon show and ill be speaking to guest on the world of politics sports business im show business ill see you then. Theres a new cold war is in play this time we should get china what are the terms of engagement what does it mean to win this conflict is all out war possible how did the u. S. And its Alliance Just find themselves in the city. Is your media a reflection of reality. In a world transformed. What will make you feel safe. Isolation community. Are you going the right way or are you being led. Direct. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. For a mate in the shallowness of. Humanity is like to make your children you know when that should grow. Wrong since you say experience a corner in the way its an experience we are now experiencing cornell and sing about what you have to. d fill. 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