Tanker from iran in open waters heading for venezuela and as you can see in the video its being escorted by a venezuelan mabel warship were going to see that just as we pull out here hold on there it is see it right there now why would an oil tanker need to be as score did buy a gun ship right and the reason is this the United States has threatened to stop the tankers from reaching venezuela a country where citizens are waiting in line for hours because theres a shortage of fuel so let me show you im out of what were talking about thats taking place here heres heres a map of 5 ships that are making their way all the way from over here in iran. To vent as well. And the 1st 2 ships by the way the fortune and the forest theyve already arrived in venezuela and the remaining ships thats the petunia faxon and the gavel clavell sorry all 3 of those are still in midocean theyre following behind they could arrive today they could arrive tomorrow unless the United States makes good on its promise or words threat to stop them but as as we look at this map depicting essentially more than half of the world amazingly we look at a journey thats long and arduous to get refined fuel and chemicals from iran all the way to vent as well so were left with this question why why would they do that venezuela has more oil than just about any country in the world some of the most oil reserves in the world why do they need fuel from all the way over here. So we called on the venezuelan ambassador and i asked him that question and heres how he responded. Ministration how. Threatened querist s. Cant weigh almost every single thing that a National Corporation from the distant enough so they care to sell us any kind of been any kind of. Work in our industry so we are not not just buying fuel buying chemical components to a start up again i want finally so we would be able to refine if you will through no one so it comes down to as you heard him say being able to refine the the oil in other words you can have all the oil in the world but if you cant turn it into usable fuel theres little that you can do with it right but as well as refinery capabilities have collapsed and while the United States senate is interference and sanctions that are aimed clearly at destroying the venezuelan economy is undeniable critics of the madeira government also point out that they deserve some blame because the country state oil company has mismanaged and under invested to make sure they could continue to refine. So look regardless of the reason for this venezuela needs fuel and iran like the rest of the worlds Oil Producers has too much of it on their hands and thats why the 2 countries have worked out this deal a deal the United States is threatening to quash so that heres the question. As we look at this tanker surrounded by the naval vessel. Just how far will it go the United States in this high stakes game of chicken that is being played out in International Waters between 3 countries who sooner or later seem destined. For some kind of showdown. This is the news with rick sanchez where we drill down on stories like this that many in the Corporate Media ignore because we do believe its time to do news again. Here no other questions we think will be asking the morrow is the u. S. Heading toward a showdown with iran and men as well over all fuel shipments could another historic milestone for space travel be reached this week and why is germany bailing out or essentially buying one of europes biggest airlines. But lets go ahead and get started in men as well where the lines of cars backed in front of gas stations can sometimes stretch for a mile and often times they last for more than a day imagine imagine waiting in line for an entire day just to be able to fill up your car with gas because theres no way to refine the oil that is sitting in your own backyard the venezuela story is a story of Economic Hardship combined with hardball politics the u. S. Has not hidden its desire to topple the government but would our government go so far as to create a blockade to stop venezuelans from receiving fuel with day. Joining us now live is reporter lucas corner he is the editor of that as well analysis to bring us more on the story lucas why is it that venezuela has needed the strike this deal with iran doesnt it look almost weak in the eyes of the world if it can supply fuel for its own people if its one of the largest one of the Largest Oil Reserves in the entire world. Sure i think the key factor is that not withstanding as you mentioned misson investment it shews with corruption a Strategic Planning that have in many ways harmed but as well as Oil Production in recent years any objective analysis will receive a cushion that is the u. S. Sanctions right now which are absolutely devastating whats left of the oil industry and preventing venezuela from importing necessary gasoline lets remember that that as well as those National Oil Company had a base a has its largest subsidiary United States called citgo which is being seized which is in the process of being auctioned off to 2 holders its to the canadian mining giant crystal x. And as a would send its crude as heavy crude to the gulf Oil Refineries and which would import and then would in turn import refined gasoline it is on able to do that since last year january 21000. 00 due to the u. S. Oil embargoes the United States likewise has deep in those measures imposing sanctions on the Russian Energy giant rosenau forcing it to leave the country in march and rosenhaus was carrying 60 percent of that as well as crude exports and it was in turn according to the import of gasoline so this is left of the lloyd in which men as well it cannot import the gasoline it needs and it cant get the spare parts it likewise needs to repair its refineries so its in a very tough situation and the iranians have told them who would not only import helping them as one point gasoline but also sending technical. Teams and spare parts to repair the countrys refineries so it looks like an easy deal i mean lets face it iran has way too much of fuel on its hands because of whats going on in the world with a lack of demand. But as well needs it so theyve struck a deal but incomes own goal say im saying no youre not allowed to do this and if we have to stop you were going to stop you in mid ocean how serious is this threat do you believe and how serious is it being taken by either party. I think its very serious we should heed the words of President Trump who last week said that he then is what he had been as well a quote unquote surrounded and the United States you know he has made repeated threats of military action against venezuela and we saw d this recent effort by u. S. Based mercenary contractors to try to topple the mother of government and what it appears that a trial the ministration had some kind of for knowledge or if they did not they did not direct involvement but they might have had direct involvement there definitely is very high stakes ministration has made it clear its intention to overthrow the government by any means thats unserious they have repeatedly stressed so i think its a very high stakes situation but so far it seems like the political costs are condemning venezuelans to these you know utterly terrible conditions which they continue to do by imposing war more sanctions seem to be deterring the u. S. From taking military action against these iranian tankers i know you spent a lot of time in venezuela your for are you are you were you are you venezuelan yourself you are but im philadelphia im from the from the u. S. How long have you spent or lived covering that as well and how many years youve been there. I lived them as well for 5 years until the start of this year and ive not been able to get back to to the current cold with situation and flights but i have my contacts and i have family in venezuela right now ok i just want to make sure we accredit you is the right person to ask this question to. As far as you know how bad is the situation in venezuela right now i reported a while ago that people actually wait in line for more than a day outside of a gas station to be able to move their car incrementally to be able to get a little bit of gas is that true. I mean the problem is currently is that given that there is no real gasoline available kind of different private individuals and you know criminal groups you know have really a black market as a merge and charging people you know excessive 2. 00 or 3. 00 a leader for gasoline in caracas which is on her was unheard of because crocketts was as im always had gasoline even though in the worst of last year and the able for so it is a bear its a very dangerous situation and theres a lot of pressure on the government to regularize the situation of gasoline actually charge. Reasonable International Prices for example 0. 50 a liter instead of hurting to its previous policies of having their the lowest gasoline prices the refraction of a cent for a leader which is unsustainable were down about 20 seconds but just a quick answer if you could generally speaking the people of venezuela blame a the mbira government b. The Trump Administration which as it. I think that they blame both because i think that there are clearly the mismanagement of the government is undeniable but it also is undeniable that the Top Administration is callously worsening in exacerbating and an unprecedented way the suffering that has one people that is what has never ever had these kinds of gasoline shortages not since the 2002 oil lockout which the United States backed opposition sought to shut down the oil industry so this is definitely an unprecedented situation which United States is worsening to leaks that lucas corner your excellent guest to talk to on this we certainly appreciate your time thanks for joining us my friend. And this is the news with and we want to thank you whether youre watching on cable regular t. V. Or on the portable when we come back were going to tell you about something thats going on right now in germany again its a bailout story but is it right there right there will be right back. Markets are. All interaction by human right markets. All the interaction. In the market create our future reality and the negative Interest Rates are now telling us that were heading into. Negative time flows are going backwards in time. Hey welcome back im rick sanchez its been a big week for space travel as an as rival corporations try to get their names on the history books one failure one failure already chalk that one up Richard Bransons virgin orbit sorry didnt work couldnt get up there the lawn must space x. There thats there next on the roster the billionaire hopes that Going Old School by teaming up with the National Space agency is not only going to be able to bring him success but also signal a new dawn for space travel lets look at this heres our tease alex mileage. Of space travel used to be a thing of National Pride but now much of the endeavor to boldly go where no man has gone before has turned corporate and according to some people are losing interest heres politicking host larry kane when russia and russia went into all the. Nations and gary and. Forced us into this war and we went way beyond russia the history of this has been incredible when you think about it and its so sad weve lost the. Added to the seemingly growing indifference or fail to missions just last week something went very wrong during virgin orbits 1st and to and test launch the company which is part of Richard Branson this virgin group attempted to send its launcher one rocket into orbit but did not succeed the 2 stage rocket did manage a clean release from a modified boeing 747 but according to a virgin orbit spokesperson and anomaly than occurred early in the 1st stage flight and the Mission Safely terminated. As one Mission Fails there is hope that a nother will succeed a collaborative manned mission between long musks Company Space x. And nasa is about to take off and to a 9 year drought for nassau 2 astronauts are scheduled to blast off on wednesday atop a space x. Falcon 9 rocket which is bound for the interNational Space station this will be the 1st nassau Space Mission from home soil since 2011 since then the only way astronauts could reach the space station has been on russian rockets launched from kazakhstan astronauts are excited about the mission. A nap 9 years later to see where we are not only getting ready to fly the 1st commercial crew vehicle to the space station but with crew on it but also. The follow on Artemis Program and all the excitement that thats bringing to you know potentially go back to the moon in a few short years as well as marking the return of manned launches in the u. S. This flight will be the 1st ever blast off with passengers on board for space x. The historic flight is a milestone for the company and its space capsule the crew dragon. The crew dragon is designed to require minimal input from its passengers once the astronauts are done flying the capsule manually near the space station and its hanumans docking system should kick in allowing the vehicle to fly itself towards the i s s and hook itself onto an open docking port there the americans will meet their russian cosmonaut counterparts and if you listen to larry king they will be like 4 peas in a pod of course theyre in their boat explorers they love adventure its very hard to celebrate that too because the odds of me as you noticed i need to be very brave explorers of space if this mission goes right space x. Hopes to send the crew dragon to the i assess again in the fall with 3 americans and one japanese astronaut on board which could signal the beginning of routine commercial flights into space although it may not be as exciting as the u. S. Russia space race to some the prospect of International Cooperation and expanding our knowledge of space is all many need to be inspired nations or corporations or both teamwork seems to be essential if we are to see progress in space and a renewed interest in the cosmos for news with rick sanchez im alex mile of each. And essentially enough volkswagen got slammed today by a court ruling by the whole world knows what v. W. Did by lying almost to the entire world by putting on a missions device in its cars to try and fake out inspectors on purpose because of that germanys highest civil court is now determined that they need to repurchase buy back automobiles that for a punishment. How big a blow is this going to be for the company is peter all over from berlin. The diesel gate scandal just wont go away as germanys highest civil court has ruled that car giant volkswagen must buy back from customers cars that were designed to cheat emissions tests it legal for the plaintiff and demand reimbursement from that was im going to. Be michaels going to the current condition of most of the most i sort of illness resumes or this ruling has set precedent for around 60000. 00 similar cases across germany that are currently pending the w. Is already settled a previous claim by almost a quarter of a 1000000 german car owners by paying out just short of a 1000000000. 00 the automotive colossus accepted the ruling and put out a statement saying theyd be in touch with those seeking compensation. Volkswagen is now seeking to bring these proceedings to a prompt conclusion in agreement with the plaintiffs we will therefore approach the plane as with adequate settlement proposals will why volkswagen is folk doubt around 33000000000. 00 in fines compensation and buyback schemes since the scandal 1st broke in 2015 the lion share of some 25000000000 going to customers in the United States the emissions test cheating scandal continues to rumble on in july the same court that made the ruling on monday will be hearing the case against dealerships that sold the cars while senior current and former b. W. Employees here in germany are still facing criminal charges over their involvement in this scandal peter all of that. For the news with rick sanchez see america thank you peter but it turns out it is the 2nd Largest Airline in europe it was rescued today bailed out by the German Government to the tune of 9000000000 dollars that means the government now all but really owns the airline right this is the biggest rescue package yet in germanys Economic Stabilization fund that is there to try and keep the country from essentially collapsing due to the strain from the coronavirus epidemic by the way air france it got 7000000000. 00 in bailout dahlia it got 3000000000. 00 in bailout these are classic cases of Government Intervention dollars a the government is intervening in a private market should it is that going to be good in the end joining us now is steve keen he is a crowdfunding professor of economics and patriot who also teaches at the University College in london in australia professor thanks so much for joining us. Some would argue ok youre helping these companies now because they need it and were in a special circumstance but is that what happens moving forward is this the right solution you believe. Well its a whole range of industries which simply are going to survive the impact of the crown of ours from both immediately and in the long term and that means it doesnt distress become nons on they still relatively essential i dont think that air travel on the level that used to be is essential but you do want to have International Trust went on thats so in that situation you have to rescue the capacity to fly even if at the moment commercially flying is a totally bankrupt industry. Heres what the folks on the other side would argue the non keynesians right they would say whats to say that another group of people would not if you work if the government lets say move tons or go under because they just didnt do a good job you know what you know whatever they let it go under somebody else comes in and they create an airline thats bigger stronger more capable. Because the market allows new industry to essentially gobble up or be better than the previous industry i hope you understand my argument. I do it as a sort of thing which a. Competition have its im wearing out for example the whole slits carriages is a bit so i can buy the electric car and that and thats a clear case of you wouldnt go rescue General Motors because teslas come along and destroy their Business Model this is comes outside of those parameters this is basically the planet telling us you might think youre an Economic System but youre primarily a logical one and. Bang its now a whole range of industries used to take the granite possible at the moment and it simply isnt possible to make a profit in any of these industries so. This is not the sort of thing which the market system can solve and its a fantasy to analyze what is actually a biological process from the point of view market theory so youre a brilliant guy according to everything ive read people think that your ideas are unique and smart what would be your plan professor for dealing with this and what i mean by that is whats the limit which countries get a pardon which Companies Get bailed out which ones dont get bailed out and how do you determine how much money to give them. Well the money that the states capacity to create money is unlimited this is 1. 00 thing which mines are making on which is always got it wrong and finally Central Banks like the bank of england the one thats been saying that simply not true that the governments can run out of money because they own Central Banks which can produce as much money as they wish so theres no monetary constraints to what they do and if you look at where we are right now this is a what we what economists like to call and its often a shock who had something coming from outside the economy which is gigantic and in that situation capitalism as a whole would file its not just a alonso the closing the doors its Companies Like restaurants everywhere because the traffic isnt they had one big what we did that are us so in the meantime you have to say well who can provide money. I mean we dont file because of our preexisting financial commitments the only agency that can do that with an unlimited capacity is the government so ill be doing this until we finally defeat the virus and theres a possibility my mind not to think of arson and then it becomes a whole new ball game do you just give it to him without any plans for them to pay it back and whatever its a company thats been irresponsible in the way its handled its books in the past and suddenly youre bailing them out and here youre bailing them out because of govan idea but youre also bailing them out because they did a crappy job in there but their books. Is a good example of that is just on a moment ago and yes in that situation i would not have a hands off approach on that is that the German Governments taken on voting shares and probably also and asking for any director on the board given the extent to which malfeasance as it could be on corporate d vials i would actually they sank if were going to riskier then we have to take a stake and we want to be able to look at the books that would certainly be a wise move to make that ses of all whether the governments are equipped to actually analyze the stuff itself as it is another story theyre often in complicit with the terms that have done this in the past rather than being the safest of them but something which gives them some. Capacity rather rob a bank of scotland for example is classic on that front the bank the government rescued them. Made money out of that rescue and is now being solved back to the private sector the state has basically screwed itself. Finally were down to about 20 seconds but whats your take on whats going to happen when all this is said and done lets say d a year year and a half from now when all that helicopter money has already d been distributed and main street is what hurting or not. No i think you and main street want to mean a serious dent de fleishman is that while some government money pressure right now this is the real say we could fall into that the same trap that america fell into and not in 31 process with all and by 10 percent random profit it was a mining much the unlevel and the generation has skyrocketed and caused the Great Depression you simply have to inject money in is this stage and then give us an analogy asta. Youre a smart guy i really enjoyed talking to you professor keenan i appreciate it hopefully although you have another conversation with thank you my friend you should work. And thats our news thanks so much for being with us remember portable t. V. Download it. Cold war 2. 00 targeting china is off the ground gaining momentum some see china must pay for the endemic while others claim beijing is an existential see do the trick to the washington worlds still others say washington and concede he lives in a. Little. Tease Holiday International memorial awards are now open for entries. Media professionals are eligible whether youre a freelance journalist work for alternative media or part of a global News Platform to participate published works in video all written for much go to award dot altie dot com and enter now. Give me my best. And we said. Theres enough land but im also the most companies you know so ive been a good horses did. Not emotional when i began. His companys humans get almost home pianist even though he goes from getting notices to say he has put are you trying. To move them and im going ahead of the notion of those who still live in the. I dont like kind of the most beautiful. Little kid is. Always there in them not to come to your list to nominate. So no men because he is. The one else seems wrong wrong just dont call. Me the ol get to see palin disdain become educated and in detroit because the trail. When so many find themselves worlds apart we just of the for common ground. Are one on one with Chris Christie the former governor of new jersey and one time g. O. P. Rival of donald trump on this edition of politics. The politicking on larry king he says more americans are going to die no matter what the u. S. Does about coal the 19 the challenge is deciding how to balance the situation so wheres the balance find out was Chris Christie former republican governor of new jersey one time g. O. P. Rival of donald trump who went on to serve as head of trumps Transition Team he joins us from new jersey governor thank you the United States has about 4. 5 percent of the worlds population but 29 percent of coronavirus deaths are you cant