Transcripts For RT Boom Bust 20240712

3 months. Very serious cliffs that hurt lots of people. And officials are holding their annual summit on tuesday china is expected to be a primary focus for those discussions. Today so lets go and get. Big stimulus this week as the g. O. P. Rolled out their new one trillion dollar Coronavirus Relief package bill on monday Senate Majority leader Mitch Mcconnell unveiled up plan dubbed the heels are. We made it Senate Republican to a ministration had been consulting over the last few weeks to come up with a realistic proposal. With what we think is an appropriate amount of Additional Debt to be good to the economy at this time. We think it is about a trillion dollars. And weve allocated it in a way that we think makes the most. For the country at this particular time. Already theres a split between Senate Republicans on the bill but next come to go sheesh and what the democrats this is ahead of some looming deadlines all Senate Minority leader Chuck Schumer called the relief package totally inadequate perhaps the most controversial is the unemployment a that runs out on friday and Unemployment Insurance their proposal is fraught with all kinds of problems 1st you dont tell someone whos lost his or her job to know fault of their own that youre getting a 30 percent pay cut that is just not fair and not right there are so many people unemployed they need to help 2nd this program which we extend till january 31st in the heroes bill has done more to remove people millions of people from poverty or prevent millions of people from going into poverty than any other. Well republicans have criticized the 600. 00 a week benefits they argue that quite often the unemployed workers are actually earning more money on unemployment than on the actual job in may the democrat run house approved a plan to extend those 600. 00 through january for more on this to the market and were joined by bill was cohost christine and c. E. O. Of open eyes ill see ottavio more n. Z. Lets start with you i want to start to dig into this Coronavirus Relief bill thats now going to congress there are still several points of contention one of them i just mentioned was the decrease in Unemployment Benefits what are some of the other issues were looking at. Well i think were basically talking about the overall scope and scale of it is a question is that one trillion was a 3 trillion overall but one big point of contention is the amount of aid to local and state governments so the democrats true to their cause want a greater amount of relief to state and local governments and republicans are being rather stingy on that front theres also a question that various things have been some snuck into this bill. Smites to reduce Social Security payments in the future so its basically the Unemployment Benefits the size the relief checks that families are going to get and then also the aid to local and state governments those are the 3 points of contention but i think both sides want to find a solution here they both want to get stimulus out into the market so i think theyll find some sort of compromise fairly quickly it sounded like a speaker or House Speaker nancy pelosi said that theyre ready to start these discussions that will probably take a few days ottavio there are some big banks that might be benefiting from this what came out of that. Well big banks would benefit me because the other points in there like Student Loan Relief and things about solar and loneliness and so the big banks are looking at a problem with their feet looking at a cliff and saying were going to have a horrible loan in short order so theyre very much afraid that theyre going to have a problem with people defaulting on loans basically credit cards and unsecured lines of credit and this kind of relief bill is of course going to make it much easier for people to carry on paying their loans and will basically bail out the banks in direct from so the banks look like theyre going to be some some is going into looking out where as far as the loans theyre giving out kristie the fed is extending its Lending Program until the end of the year now now that was originally set to expire in september on the 30th while that may sound like a good thing initially Goldman Sachs is actually issuing a massive warning now on an inflation threat to the u. S. Dollar as a reserve currency whats happening there is there are we looking at possible hyperinflation. Well there was kind of like what we were saying yesterday with the massive failures of the central bank the consummate nicolay sions and the interference faith and beyond right now is that all time low and Goldman Sachs basically is shining a big spotlight on this growing concern on inflation thing that the dollar is now in danger of losing its status as the worlds reserve currency now thats a really big warning because right now you have congress as you just spoke about closing in on another round of massive stimulus you also have the fed Balance Sheet which is now inflated to over almost 3 trillion so u. S. Policy right now is triggering Currency Debasement fears that could end the dollars reign as being the dominant global force in f. X. Markets so right now the dollar spot index is at an all time low in decades right now and this is something that didnt really happen overnight this is something that has been growing in fears in many people of many many investors for multiple months now because right now you have gold skyrocketing and money printing historically has always always triggered inflation the government is debasing f. D. R. And pushing real Interest Rates to an all time low so now going back to what you said extending its Lending Program now for another 3 months that really shouldnt come as a surprise to anyone because the fed has already printed themselves into a corner and the only way out is to basically continue printing so these Lending Programs are now pretty much as permanent as death and taxes so we should be expecting probably another 3 month extension and another and another afterwards theres a lot of stimulus going to have investors are keeping an eye on the Federal Reserve meeting thats taking place on wednesday tabio i do want to change gears here and talk about the euro where that its near 2 year highs traders are obviously betting on the euro against the u. S. Dollar because of the the rate were looking at chris you just mentioned its reflecting some concerns about america and their inability to contain the virus but there are some European Countries now that are tightening some controls to cause a spike in even a possible 2nd wave of the coronavirus is a euro a real. Threat to the dollar as a recovery funds jointly issued debt will offer now an alternative to u. S. Treasuries as a safe haven. Where i just wholeheartedly agree with what christy had to say about the fed pumping more money into circulation and deep bass in the currency and i think thats whats a play more than anything else i guess looks like its out of control in the us and fairly well under control in europe so that leads to the the assumption that could be even more money printing coming down the turnpike in the u. S. So i think thats the real issue the fed has injected trillions of dollars into the market you know really an unprecedented move in matter of weeks to come and 3 or 4 trillion dollars on the pump into the market and bear in mind the fed has also got all sorts of other facilities that theyve created the commercial paper facility the Corporate Credit facility the 2nd remark a facility to prime theres a whole host of new facilities a whole alphabet soup of them and these things are just getting going so theres going to be more and more money coming in there and thats what i think has currency traders concerned is that more and more dollars that mean this could be worth less and less so i dont think its a question of the euro being a stretch to the dollar its more the dollar being a threat to itself and undermining itself more than anything else well christiane the topic of this falling currencies levanon as now entered hyperinflation with 462 percent annual inflation rate and food prices rising by almost 200 percent just this month whats the situation like there are probably a word of warning like giving the us a firsthand glimpse of what it looks like our country to be in hyperinflation so right now there are 2 ongoing hyperinflation economies you have levanon where as you just mentioned inflation right about over 400 percent and also venezuela where the annual rate is 2219 percent so other emerging markets right now are also experiencing some sort of inflationary problem but none as drastic as these 2 theres also zimbabwe syria sudan and iran theyre all facing surging in. Lation thats quickly ramping up but the underlying causes of all these inflation scenarios are always the same the government starts running in larger and larger fiscal deficits and then they have to call on the Central Banks in order to fund these deficits because simply taxes and bond financing ventures then inadequate and not enough so theyve got to fire at the printers again and the central bank then virtually has to fund basically the entire government fiscal operation so right now the levies pound has already lost over 80 percent of its value against the u. S. Dollar food and clothing costs have surged almost 200 percent and the citizen savings in the banks are literally frozen the banks have no more dollars to exchange and have imposed very strict capital controls and strict withdrawal limits in order to avoid complete collapse which is really scary as a citizen because all of a sudden your life savings are basically in accessible and its basically becoming increasingly worthless day by day so in these 2 regions weve actually seen massive flight to safety such as gold such as crypto currency as well as that has really started shape but as citizens of quickly realize that the only way to have Financial Freedom is to basically bank yourself to have you do do you agree with christie here is this where the United States even could possibly be heading as we keep on a fitting feeding this then well listen to to the market. Well ive heard addictions of a pending hyperinflation the us since the financial crisis in 2008 and somewhat before that and i suppose the fed has always been able to sort of hold back a bit more to go kowtows out of control so i wouldnt expect to see a symbol like scenario i think the fed is smart enough that they would know about states have to raise Interest Rates quite dramatically like we did on the paul volcker when inflation was out of control they raised Interest Rates through the roof. Inflation under control the question is does this spin out of control for the fed and do they go down in sort of as a ball way scenario i think thats highly unlikely i think was more likely to happen as well see inflation to come up its going to be very very unpopular and the fed will then jack up Interest Rates the markets will crash absolutely all that is actually what the Federal Reserve is there for kristie one more question before we get the s. And p. Is still on track to the best july in 7 years here in the United States whats helping that well a lot of the only thing thats pretty much helping others a massive fed stimulus because right now you have a lot of investors who are chasing this alpha because of all of this capital thats employ a lot of money and nowhere to park except for u. S. Equities in order to get returns because basically with Interest Rates so low you cant really park in treasuries if youre chasing alpha on and with no planet to change those Interest Rates for now at least the Federal Reserve is what theyre saying i mean im sure it will only continue to go where it will go from here octavia it runs the c. E. O. Of openness and boom bust cohost christi i thank you both so much for breaking this down for us thank you. On tuesday officials from the United States and australia are holding their annual summit where the conversation is expected to include plans for future exercises in the South China Sea this is amid the increasing tensions with beijing but will the 2 allies me how. This joins me with the latest rachel what did we hear from from the United States about these talks or weve heard secretary of state my pompei o talk about wanting to really ramp up this kid. In pain of getting all u. S. Allies to put pressure on china and today following a meeting with australian officials defense secretary mark chimed in and he said that part of where that Pressure Campaign is going to target is it right there in the South China Sea take a listen to what he said earlier these exercises not only bolster interoperability but also send a clear signal to beijing that we will fly we will sell and we will operate wherever International Law allows and defend the rights of our allies and partners to do the same. Amid these challenging and Uncertain Times the u. S. Australia Alliance Remains a powerful force for stability and prosperity. Now the South China Sea is a body of water known for being rich in Natural Resources while china claims it has historic rights to portions of the sea it is run into territorial conflicts because the region also includes the exclusive Economic Zones of brunei indonesia malaysia the philippines taiwan and vietnam and weve seen the us really insert itself right into those conflicts and its now calling for increased military exercises in that region and it wants australia to help which will put it of course directly in conflict with china the South China Sea has especially in the last few years been a huge point a major point of contention between china the United States and other countries but rachel i want to ask you this what does australia say what position are they taking in this whole conflict well up until this point australia has tried to sort of be the neutral party here whenever it comes to the South China Sea but that all changed last week when they followed the formal complaint with the United Nations against china and that followed a confrontation with the chinese warship and in this complaint australia specifically said that they see all of chinas claims as having no legal basis when it comes to the South China Sea now if we take a look at the text of that complaint they went on to say the Australian Government rejects any claims by china that are inconsistent with the 1982 United Nations convention on the law of the sea in particular Maritime Claims that do not have here to its rules on baselines maritime zones and classification features now not only is a significant shift in policy but the timing is also incredibly notable here as we have australias foreign minister in defense minister in washington for talks with the Trump Administration how to time when they are of course looking to a sickly involvement in the region well china has been very vocal about protecting their sea or their waters that they claim are theirs what have they said in all of this what china was very clear to fire back to. This complaint and they accused australia of trying to provoke a conflict intentionally to show their loyalty to the United States now we saw an article that was published recently in the global times which states that the relationship between china and australia has now deteriorated to a very bad point and the chance for a turnaround is slim in the near future one of the main reasons is that australias policy lacks independence and its current choice is to closely follow the us lead now as many may remember earlier this summer we saw a dispute break out when australia accused china being behind a cyber attack china fired back and the result of that was that china put tariffs on barley from australia and it even banned certain beef from certain for firms in australia now at the time australia didnt really fire back they didnt retaliate so many are seeing this meeting as a way for australia to kind of come back around encounter china while also showing their alliance with the u. S. Also trying to be careful im sure are to correspondent Rachel Blevins thank you for that report thank you. And im only a minister and i feel was found guilty and one m. T. B. Trial is sentenced to 12 years in prison well discuss one of the Worlds Largest financial scandals as we go to break here the numbers at the club. Is so bored. Im not. Sure. Top never get anything done d. In philosophy but she even dumped the attempt. To deflect some 40 c. E. O. Thing to the deflection what does have to say. That is going to be better than i got off the mini answer. That he and others are going to going to be upset about. That he can bank on you get nothing like a. Long long while and then he goes along the bottom the shipping industry. And one new person and they have to me move 100 gandhi a new normal Gandhi Gandhi peace prize were going to keep you know you can go to mark you cant even join you. Know every crisis in america has been packaged as a bond and sold into the junk bond market with a longer maturity at a slightly lower coupon rate and theyve been doing this now for 40 years to the point where americas indebtedness says when they engineered to the point of an extinction event as have many countries as the global. Dog industry comes to life in los angeles every night. Dozens of women sells the bodies on the streets many of them underage. Los Angeles Police reveal a taste of the daily challenge if youre going to exploit for a child here in los angeles all they were going to come out was the officers going undercover as 6 workers and customers to fight the 6th grade. On tuesday china announced hong kong will suspend extradition treaties with britain canada and australia well the move comes in retaliation after they took similar steps over hong kongs new security law Chinas Foreign Ministry spokesperson wang when ben said the decision deviates from judicial cooperation. Canada australia and the United Kingdoms wrong actions of politicizing judicial cooperation with hong kong has severely damaged the basis of judicial cooperation between the Hong Kong Special Administrative Region and Canada Australia and the United Kingdom and has deviated from the fairness of justice in the legal system maintained by judicial cooperation he went on to add that new zealand is also then on that list who along with the other 3 countries are members of the socalled 5 Eyes Intelligence Alliance well canada and australia suspended their extradition treaties earlier this month and britain became the latest one to do so last week but the u. S. Also signaled its plan to do the same with the tongue extradition treaty. A Major Development in the one scandal is former malaysian Prime Minister and on tuesday was sentenced to 12 years in jail and handed a fine of 210000000. 00 ringgit which is worth about 50000000. 00 but rosat is already planning his appeal. Right what appeals to the Appeals Court will be submitted as soon as possible for you on this case and this appeal will be heard as soon as possible to because i want to continue my struggle to clear my name. Is also facing 4 other trials including an investigation from the u. S. Justice department well joining us now for an update host and investigative journalist than swan than what was even found guilty of doing. Yet in this case he was found guilty of several things legally receiving funds from this one in the b. Which is essentially the Sovereign Wealth Fund in malaysia into his personal Bank Accounts up to 10000000. 00 that there are accusations that he has received up to 700000000. 00 worth of he says hes returned a lot of that money and then also a abuse of power was 1. 00 of the charges that he was also found guilty on but as you mentioned this is the 1st so thats one of 5 so theres 4 more trials that he has to go forward with so easy certainly not out of the woods by any means and its a huge scandal i mean theres obviously a lot that goes into this story its a its a massive web its not just before Prime Minister resigned but a massive web of people involved in this essentially taking advantage of the Sovereign Wealth Fund that by the way he was the one who instituted it in the 1st place years ago and pushed for the creation of this wealth fund that was supposed to bring by the way massive Foreign Investment into malaysia instead it didnt instead it created about 12000000000. 00 in debt exactly in its surface that he use this money to term ali he has properties for luxury goods to even buy ww dollar necklace or jewelry for his wife this is a very big deal and one of the worlds biggest financial scandals but lets be clear isnt the only one facing prison time here and some of these massive fines right so this can also involves other high profile malaysian businessmen and even executives from Goldman Sachs. It does in fact thats what one of the things u. S. Justice department is looking at is certainly the Southeast Asia head of banking for Goldman Sachs is in trouble here facing potential charges himself in this but apparently a lot of this has to do in the Goldman Sachs side with them helping to essentially vouch for these bonds that were being created as part of the Sovereign Wealth Fund in order to again attract Foreign Investment into malaysia that Goldman Sachs allegedly knew wasnt going to be used properly was going to be mishandled and there are a number of people who are involved in this who reportedly been a fitted in the terms of tens of millions if not hundreds of millions of dollars i mentioned when i reported on this last week that one of the more interesting elements of this is the movie wolf of wall street had to actually return. Tens of millions of dollars to the malaysian government when it was found out that money that was essentially taken out of this 1. 00. Be fund was essentially used to help fund the wolf of wall street so that money was spread everywhere and quite a few people were in on it and whats interesting about this is we dont usually see sarah people in these high profile positions not get away with it so many times theyre able to financially benefit and escape in this case is thats not happening well and the odd thing here too is that rock is now appealing priming to appeal saying that he wants to clear his name that hes hes done nothing wrong and that now so if he does appeal the verdict could then be partially are even completely overturned. In theory but i seriously thought thats going to happen look when youre facing multiple other trials what else can you do you have to try to appeal it because one of the things he has to hope for is at this point is that he some of these other jurisdictions that are looking at prosecuting him will treat it as if like the u. S. Justice department for instance has a policy of what they call not piling on which essentially means that yes you were found guilty in this one jurisdiction youve already had to pay a fine you already have prison time. So were not going to keep going after you as well were not going to pile on so if you appeal this and you hope to drag it out one of the things youre hoping to do is to try to stay away some of these other jurisdictions from coming in and he with a heavy hand but i doubt its going to work the fact that he was has already been found guilty in this case and been severely sentenced a fine of almost 50000000. 00 is not a small fine especially when youve got 4 more trials ahead of you and that would take years to do anyway but the u. S. Justice Department Like you mentioned is investigating this as well any word on how that trial might impact the u. S. Investigation. Well it certainly should continue to push the u. S. Investigation forward based on the fact the result is human she was found guilty here so certainly shouldnt dissuade them as i mentioned the u. S. Justice department has this policy of not piling on what theyre looking at trying to do is essentially get some followings involved here on Companies Like Goldman Sachs possibly up to 2000000000. 00 return thats what theyre considering doing but they may ask for more they may ask for less its hard to say i would say right now where the kind of Political Climate is you would expect the Justice Department to come down hard on this because as the malaysian people and the malaysian courts find more and more injustice here and try to resolve that certainly you would think the u. S. Justice department would not that were keeping an eye on that for you a boom bust cohost an investigative journalist ben swan thank you for that. During the pandemic you may be catching up on your favorite movies from home as a future of movie theaters remains uncertain but one designer is taking inspiration from the movies and sells in order to make the next safer theater will almost cinema a design firm based in france they want to create a new movie going experience which may look a little familiar to some star wars fans out there well the idea of small pause for groups and families of families and friends and it looks a lot like the Republic Senate 1st seen in the phantom menace well almost cinema claims the design will mean every seat is the best in the house the firm is looking to open up a theater just like the one you see here by next year thats it for this time catch boom bust on the man on the brand new portable t. V. App which is available on smartphones and tablets it will play on the Apple App Store by searching portable t. V. Herbal t. V. Can also be downloaded on newer models of Samsung Smart t. V. s as well as broken devices or simply check out a part of the portable the t. V. The next time. Conservative media to the political left in the United States has become radicalized by. Socialism profoundly changing the country on the other hand by. Fundamentally change so we should visit or is it as always just a problem. When customers go. Well reducing lower. Thats undercutting whats good for market is not good for the global economy. And illegal takeover of a government by a small group. Rather than revolutionaries or soldiers small groups the corporations when you have a tiny group of people who have all the power you have to have some means to make sure the rest of us dont get together and. Lose or sacrifice some. Places that capitalism exploited and destroyed for profit and left behind misery poverty environmental devastation and so you see things like Voter Suppression building more prisons you seem gerrymandering. Undemocratic practices. In the world focused world. Leg. Length. Welcome to our viewers from around the world live from d Central London this is all to u. K. The governments response to the care home crisis including the discharge of patients without tests is condemned as a reckless and appalling even negligent ill be joined by the former Health Service trust chairman shortly. The British Secret service is forced to apologize after its spies tried to interfere in a license to kill case and stop a judge reading secret papers ill be joined by a former and i 5 officer. The british economy faces a double shot with breaks its set to hit the industries which managed to avoid the impact on code 19. And those living in the shadow of britain full time charged tens of thousands to regenerate the area despite the trauma and chemicals following the devastating floods those affected said the demand is simply unfair. That this is a Group Service with all the focus of the rest of the season to make up for the tragedy that have good times and weve been through since. The British Governments response to the covert 19 crisis in homes was both reckless and appalling according to an influential Parliamentary Group report by the Public Accounts Committee condemns the discharge of patients from hospitals without tests even accusing those in power of negligence or seek a shot it was dusty joins me here in the studio so surely a damning verdict but this time from m. P. s themselves absolutely thrown to the wolves are the words of senior m. P. s themselves on how the u. K. Skat homes were treated during the height of the coronavirus pandemic now this damning assessment comes after the Public Accounts Committee published a report today and its actually the 1st. Look into how the sector was treated and how bad it was treated from the very get go now it found that the governments approach was inconsistent and even up times negligent meg hillier who is the chairwoman of the Cross Party Committee has said that the Governments National response was not good enough the failure to provide adequate p. P. Testing to the millions of starving volunteers who risked their lives to help us through the 1st peek of the crisis is a sad low moment in our National Response our care homes were effectively thrown to the wolves and the virus has ravaged some of them we werent prepared for the 1st wave putting all else aside government must use the narrow window we have now to plan for a 2nd wave lives depend upon getting our response right. Slow inconsistent reckless and appalling were all terms used to describe the way in which patients were discharged into care homes without any knowledge of whether the patient had copd at 19 or not a massive 25000 hospital patients in england and wales were moved to care homes to free up hospital beds as i say with no 19 test it also found that years of inattention and funding cuts by successive governments have left social care west for wear and that the government was aware of this but failed to change its policy now on top of all of this that was also a lack of information surrounding the costs and contracts for example the Nightingale Hospital which was built for the virus remained virtually empty throughout the entire pandemic now the Committee Also points to failures when it comes to p. P. And other equipment for frontline staff as well as the lack of testing to protect the patients and indeed stuff on the front line as well of course when it comes to fail is within the care home specifically its long been at the epicenter of the entire pandemic if we cast our minds back to the start of the pandemic Boris Johnson said that care homes would virtually not be affected when we come forward knowing the data that we have now thats simply not the case and theyre very much affected the very worst then more recently Boris Johnson the Prime Minister has also tried to shift the blame on to the care home sector themselves they were not doing their job properly as for the medical professionals it was up to them to do just discharge patients in the 1st place now today weve heard from the department of health who have said theyre injecting more money into the discharging process. Alongside an extra 1300000000. 00 to support the hospital discharge process we have provided 172000000. 00 items of p. P. Each of the social care sector since the start of the pandemic and are testing all residents of the stuff including repeat testing pissed off and residents in care homes for over 65. 00 or those with dementia we know there is a need for a long Term Solution for social care and we will bring forward a plan that put social care on a sustainable footing to ensure the reforms will last long into the future while the report has suggested some recommendations including improving the discharge process they want a response from the government by the end of the summer because they believe and expect that could be the time that we see a 2nd wave of this pandemic thanks shadier well i know im joined by former Health Service trust chairman roy lilly roy hello to you know we knew about the discharges already and of course the issues with p. P. A. But this is a very strong condemnation by the watchdog. It is bill and my rule taken is i think its premature i think theyve jumped to simply come conclusions and i think some of it isnt correct the fact is that a certainly a lot of people would discharge and weve had a lot of films we caroms but lets sit on packs of this why was it necessary to move people from hospital into care homes well it was because the scientists tell us to expect 2000 new cases of color to day 2000 and missions in a hospital so we had to clear effectively 30000 beds which is the equivalent of 10 hospitals and the n. H. S. Did that under 3 percent of that were elderly from people going back to care homes now on the topic of testing the difficulty retesting is this if you do a test today someone could be clear but by the weekend they could because of it positive so testing now if you test me to days they find were going to send you home that doesnt mean to say that by the time i get home i want to have covert so testing is very unreliable so for people to say well there were tests there were sent home without testing when they were but actually i think that overstates the value of testing this far as p. P. Is concerned well there are 2 square schools of thought here one is that care homes of businesses they are paid to do that joel and they should have had p. P. A. Or access to p. P. Of of their own this was they should have had resilience plans and they should have had stocks that p. P. A. The fact is they didnt and of course and we all know and you are not discussed this before all the been a global shortage of a ph because it all comes from john or guess what the factories in china are closed down because people are off sick with cove it so there was a global shortage and its true there was a shortage in the callums and there was a shortage in hospital as well as you. It is around the world so i think you know to be added uses florid language that it does throw into the rules all of that i dont think any of thats true and you have to take into account that though this is a select committee it is actually the chairwoman it oh it is a labor politician a married opposition here so i think that may want to call it some of the recently resigned person royal what you make of the fact that the Prime Minister did sort of imply that care homes didnt follow the rules and that the charges were done by professionals when any of that what. He wrote back awful that did the i think he was actually hinting at saying look these are care homes the clue is in the title you send drought people there to be cared for and they werent in the fact is they werent because they dont have enough skills in the care homes they dont have the training they dont have the Infection Control procedures and they were cool frankly with their pants down this took them by surprise indeed theres another report out to done it that says the number of qualified staff being employed it care homes has dropped over the last 3 years and the reason for that is theyre more expensive to pay for some of the using Health Care Assistance what is right about this report theres no argument that the carom sector is in a mess it needs consolidation it needs a new money and now there is a there was talk at the weekend of a from a policy paper saying you know what can be taken back into the are taken into the n. H. S. On the whole of social care run by the n. H. S. So its true that that it is a very fragile sector well lessons been learned from this report because the m. P. s also want to have a potential 2nd wave which could be here already know yet will anything change has anything changed well look if you look at the numbers across europe bill i mean i think were out of the 1st phase yes to be honest i think sprains gordies problems france where they are numbers 1. 3 germany theyve got 3900 cases a day here weve got a hot spots popping up everywhere i dont think im not im not ready for the. 2nd wave yet because i dont think were out of the 1st wife is the end i just better prepared certainly theres no question these learned some very tough lessons over the 1st the its 1st encounter with courage we have better stop now if p. P. Which was the key thing and we ramped up testing to about 300000 tests a day so in as much as we can be prepared i think we probably are or what about care homes. I think theyre still fragile i think they are i think they work at the margins of profitability somewhat not right to the last because the surely that government or local authorities will play well are absolutely at the margins youve got other care homes that are run by Big International control merits and theyve got arrangements where they send profits overseas into tax havens i mean the whole frankly the whole care Home Business needs a good sort out what about a top a ring of steel around them that really extreme shielding in effect yes i mean the Business Model is to be sorted out they need to have a real big injection of Clinical Care not just you know well meaning one intention can they need nurses working in care homes because there was a time when youre going to care how it would just be looked after the margins of what you needed but no care of full of people with multiple committees lots of things wrong with them and they vary from hell and they do need nursing care and medical because the well theyre from the government because the government has been accused of neglecting that said yes it hasnt and all governments have neglected social can it because its too difficult they dont know how to play for it this government has promised her a working paper will see that when now to god knows how many working papers ive seen it was the how its going to be implemented in fact is that weve got to pay for it weve all got to pay for it through our taxes but no government at the moment wants to put out taxes on roy very good to talk to you thank you very much indeed for your time roy let me. Well to discuss this all further ill be joined by care homes expert and author of numerous whistleblower reports aileen charged and thatll be all later here on r. T. Britains secret Intelligence Service has been forced to apologize after its agents tried to inappropriately interfere in a license to kill case to my 6 officers try to stop members of the investigatory powers tribunal including a senior judge reading key documents the case involved alleged crimes linked to m i 5 the Domestic Security Service the watched all which oversees these spy agencies said that telephone calls made by agents amount to an appropriate interference the judge in question lord justice seeing admitted that something serious had gone wrong tribunals secretary acted entirely appropriate lee in responding the way she did and by drawing these matters to my attention this tribunal is in substance a court which is completely independent of the government the intelligence agencies and everybody else in march 2919 it was recognized that the direct communication was inappropriate an apology was given and it was recognized that nothing like this should happen in the future everyone recognized that something serious had gone wrong to discuss this further are now joined by a former m i 5 officer an emotion ernie this is quite unprecedented an apology from the secret service. Well its funny unprecedented that its been made public you know good for season a call whether or not we should call it just calling out the intelligence agencies or actually sort of whistle blowing but all credit to her the investor repairs tribunals has been in place for 20 years and they have her peled very very few cases but certainly the ones that they have upheld have been staggering most notably the kidnapping of abdel hacking bell hards from the far east back to libya to torture for 6 years and he finally won a case against the British Government and won an apology from them for that treatment because m i 6 with neck deep in the case they had arranged his extradition they were congratulating the libyans on being able to get their hands on this poor man and they tortured him and his wife so this sort of stuff goes on all the time in the background and very very seldom do we have to really hear about the dirty deals that are done behind the scenes so for the i p t to actually reveal this i think is very interesting well this time when the brits are trying to strengthen the secrecy and in arsenals is talking about whats really going on behind the scenes that the case example where them of i was giving agents on form is an effective license to kill the i mean this is the most serious nature isnt it well this is a case was brought last year by a number of human rights organizations including reprieve and also the paps new consent or now thats a new can was a an irish lawyer who was assassinated back 989 and this was a case where there was alleged confusion with a British State republican sympathizer and that was covered up for over 2 decades and ironically it was only true wiki leaks that the family finally got closure and found that there was collusion going on which all of indicates the work. So yes its interesting that theyve got this case and its interesting that they seem to get a result from this case and. Gee from the intelligence agencies the key factor though is the case was originally about m i 5 and where they are allowed to give legal immunity to their undercover agents to carry out crimes to into trait criminal groups and that has always been a grey area of m i 5 and is not covered by legislation however in the case that my 6 the sort of u. K. James bond Foreign Intelligence Agency thats actually went into the statutes the 994. 00 Intelligence Services act section 17. 00 actually allows m i 6 officers to break the law with impunity around the world if they have the prior written mission of their political leader the front secretary now there have been many cases but havent got that prime Legal Commission but they certainly do work along those lines and people think that the james bonds license to kill is a fantasy its actually written its protection or dont we than need tougher oversight is this panel is meant to do that but it seems to to let in the seri teeth i mean theres the judge simply saying look theres something wrong here as more than society a little bit wrong isnt there. Absolutely we have no meaningful oversight in the u. K. The British Spy Agency to this day they are the most legally unaccountable the most legally protected of any spy infrastructure in any western National Democracy to this day yes we have the infrastructure powers tribunals where citizens can complain if they think they are being surveyed and watched but they are holding very very few cases we also have the intelligence and Security Committee in parliament which of course last week released there in the tourist russia report but again there are relatively toothless i mean its mainly policy financing ministration they get limited access to the operations of the spy agencies and actually that report was fairly scarce and scanty on real facts so yeah there is no real oversight the spies but this is all there are no is it what youve done though you say they can do what they want is it not done there in the interest of National Security. In fact we we have to turn a blind eye to what those of others in florence say. Yes and no yes dirty deeds will be done in shady corners to protect National Security and greater good the major problem of the u. K. And for its castell system is that theres never been a legally working definition of what National Security is which. I would say suggest would be in excess stench of threats posed to the nation state but still we see our politicians and the apologists called this by conflating National Security a very serious issue with things like the National Interests and thats just not clear enough and it it can be used against equal who are trying to do the right thing so just a quick thought here what do other countries do to curb the actions of their intelligence agencies. Well america used an interesting case because they had much more oversight built into their working system whereby you could go all the way through the Management System of the organization youre working for and then take it to a congressional hearing and in fact some of the most famous american whistleblowers over the last 2 decades have done and yet then despite going through all the requisite channels theyve still been arrested you know snatched out of their homes and threaten with what 5 years in prison so there is no perfect oversight mechanism but i would suggest that the u. K. s mechanism particularly is a sort of very british historically evolved mess and it needs tightening up not in the way theyre trying to do at the moment which is to tighten up penalties for whistle blowing but actually tightening up oversight and providing proper channels for people with ethical concerns to avoid the scandal of whistleblowers and to prove the work of our spy agencies do an emotional thank you for being with us live on r. T. Still to come this hour british industry simply get caught his 2nd economic shock of bricks including those bad from the worst of could 90. A Scottish Police in greece has a new tool to criminalize stirring up the trade could force officers to make decisions on free speech and undermine public trust. And leaseholders in the states in the shadow of critical time being charged files and used to regenerate the area despite years of chaos disruption and trauma we hear from the vice chair of the president s association. The world is driven by a dream shaped by one person. Or dares thinks. We dare to ask. Israel media a reflection of reality. In a world transformed. What will make you feel safe. Heis a nation full community. Are you going the right way or are you being led. Direct. What is truth what is faith. In the world corrupted you need to descend. To join us in the depths. For a mate in the shallowness. Of. Reporters found that the british economy is likely to face a double shock from bricks in on top of the devastation caused by covert 19 the London School of economics claims that one up to 80 percent of business. As have already been negatively impacted by the pandemic others are yet to feel the Economic Impacts of the end of the transition period its researchers are calling for a sector by sector assessment the report details the industrys most impacted by code 19 such as accommodation and Food Services transport the arts and entertainment it also records those hit less hard such as the professional technical and Scientific Industries where home working is an option but those industries are also among those expected to be hit by bricks hit goods linked to those sectors Electrical Equipment chemicals and textiles manufacturing are among those expected to suffer but peculiarly if a free trade deal isnt ratified in time despite the threat of grave economic consequences e. U. And u. K. Ministers are still struggling to agree a trade deal that he used chief negotiator says an agreement was unlikely by the end of the year citing competition in fisheries as a major point of disagreement britain has ruled out extending the transition deadline raising the possibility of leaving without a deal but as e. U. Talks a lag behind schedule britain gets set to sign its 1st pushed breaks that trade agreement with japan just a few weeks since talks began the u. K. Trade secretary hopes the Free Trade Agreement will offer the u. K. A range of benefits including reduced costs for Japanese Technology the agreement is due to begin on january the 21st i should say journey the 1st 2021 and ill be discussing this all in the next hour with the former brics it party m. E. P. And then later with the brics it advisor. The Group Representing Scottish Police officers is criticize the nations proposed hate crime legislation saying it would lead to officers making decisions on what is and isnt free speech in submissions to to devolve government inquiries these go to Police Federation said the new powers are too vague want to temps at enforcement would undermine trust in the force it argues existing laws are capable of tackling racism and discrimination we are firmly of the view this proposed legislation would see officers policing speech and would devastate the legitimacy of the police in the eyes of the public the bill would move even further from policing in criminalising of deeds and acts to the potential policing of what people think or feel as well as the criminalization of was said in private the bill wants to make stirring up hatred a criminal offense even if the comments were said in private or not intended to incite violence it covers areas such as age race Sexual Orientation religion disability and trans gender identity those convicted could face 7 years in prison but the Scottish Government maintains that freedom of expression is being protected people will still be able to express controversial challenging or even offensive views as long as this is not done in a frightening or abusive way that is intended to stir up hatred or likely to stir up hatred the bill includes provisions on freedom of expression to ensure the prohibition on stirring up hatred will not unduly restrict peoples right to express their faith or to criticize religious beliefs or practices or Sexual Practices stay with us in the next hour of debate this with a former Police Officer a human rights lawyer. More than 3 years after the full time far which claims 72. 00 knives residents in the area still feeling the impact leaseholders in the shadow of the tower of being charged thousands to regenerate the area despite years of chaos disruption and trauma or because these are early reports. This is the lancaster west the state in west london which surrounds grunfeld tower and all the local authority the royal bar of kensington and chelsea have said that they are going to be carrying out extensive are faddish networks to bring the estate up to 21st century standards they include new windows new Heating Systems radiation pipe work and so on but lease holders could face a bill of 15000. 00 pounds each for those works the total cost of the refer bushman is thought to be around 58000000. 00 pounds 100. 00 lease holders will be affected by the charge the house will say that theyve offered a 20 Percent Discount to those lease holders but it still leaves a 1500000. 00 pound hole in the funding which local residents say is outrageous that they should even be charged for that what it said because we are legal advice is we cant give you 100 percent but we are going to do research this isnt refurbishment all the refurbishment of the rest of the barra this is to make up for the tragedy that happened and whats happened to what weve been through since we were it used to can get into market without jumping over a famous a still not but you know randi and i still dont see why we should pay to fix the relief problems i mean the fact the so were left in a terrible state of disrepair for years by the team that we were happy paying for Service Charges for services we werent getting so i understand the council so they have a legal problem with that but im saying our case is totally different the government hasnt put in 24900000 pounds for the rest of the barrier they put in for here to try and give us some sort of recovery and we are the one of the 2 the to find the 1400000 that it would cost to make sure that the resident leaseholders thats the people who live here dont have to suffer and be treated just the same as it will no says now residents have reached out to the housing secretary robert generate but the government says that this is a. For local authorities who themselves say that theyre doing what they can to help residents meet that cost i fully appreciate the special circumstances of those living on the estate and having gates with the Lancaster West Residents Association and providing resident leaseholders and shadows with a 20 Percent Discount on potential charges from the council for the rafah basement despite that offer from the council of a discount that still leaves a bill of thousands of pounds. To residents who are elderly and simply wont be able to afford to charge. The u. K. In west london. And thats all for more news in. The. Conservative media tell us the political left in the United States has become radicalized slippy joe biden well sure in their socialism profoundly changing the country on the other hand by many in his claim nothing would fundamentally change so we should visit or is it thats all you just. You cant be both with the yeah you like. Thank. You. Im actually retired see and as you can see a watching a special lockdown edition of going underground i mean quarantine for 2 weeks coming up in the show a republican president ial nominee who will do anything to stop donald trump becoming president in november we talked to 2020 republican primary challenger and former congressman joe walsh about the cold war legacy that may be up to Donald Trumps 1st president ial as relations between china and the usa its the lowest point in decades one of the greatest english language cartoonists really followed by the new liberal theology in that attack students on to wiki leaks we get the inside story from steve bell himself drawing a line in the censorship and telling us about dining the u. K. Prime minister Boris Johnson told us some more coming up in this lockdown edition of going underground well lets go straight to joe walsh via skype from chicago is part of the bravery project the former congressman who ran against trump in the primaries joe thanks for coming on the show just tell me 1st of all what the bravery project is weve heard of the our vats the Lincoln Project all these republicans trying to stop donald trump from becoming president in november yashin good to be with you that the bravery project is all about finding republicans and conservatives all around america who all privately believe that down