1 00:00:02,930 --> 00:00:08,440 [Music] 2 00:00:15,440 --> 00:00:18,639 I get 3 00:00:30,290 --> 00:00:33,680 [Music] 4 00:00:36,079 --> 00:00:41,440 welcome to Sputnik orbiting the world 5 00:00:38,280 --> 00:00:44,039 with me George Galloway and me gatri 6 00:00:41,440 --> 00:00:46,280 Nigeria's president good luck Jonathan 7 00:00:44,039 --> 00:00:49,000 hasn't enjoyed much in the way of good 8 00:00:46,280 --> 00:00:50,879 luck under his presidency millions of 9 00:00:49,000 --> 00:00:53,000 people in Northern Nigeria have been 10 00:00:50,879 --> 00:00:55,160 displaced unique in the history of the 11 00:00:53,000 --> 00:00:58,519 country even in the times of raging 12 00:00:55,160 --> 00:01:00,440 secessionist War the Spectre of breakup 13 00:00:58,519 --> 00:01:02,559 haunts this African Giant 14 00:01:00,440 --> 00:01:04,960 the largest and richest country in the 15 00:01:02,559 --> 00:01:06,880 continent B Haram and Al-Qaeda type 16 00:01:04,960 --> 00:01:08,400 Insurgency group have lifted their 17 00:01:06,880 --> 00:01:11,159 tactics from the burning of Life of 18 00:01:08,400 --> 00:01:13,400 school girls and churchgoers to full 19 00:01:11,159 --> 00:01:15,560 scale assaults on police stations and 20 00:01:13,400 --> 00:01:18,600 army barracks claiming thousands of 21 00:01:15,560 --> 00:01:20,960 lives displacing millions and promising 22 00:01:18,600 --> 00:01:23,200 even Wars to come a state of emergency 23 00:01:20,960 --> 00:01:25,159 was imposed nearly a year ago by the in 24 00:01:23,200 --> 00:01:27,240 Congress named president good luuck but 25 00:01:25,159 --> 00:01:30,000 it doesn't seem to be working the threat 26 00:01:27,240 --> 00:01:32,280 grows ever larger and more violent on 27 00:01:30,000 --> 00:01:35,000 top of all that Nigeria is bracing for a 28 00:01:32,280 --> 00:01:37,560 food crisis the very mixture therefore 29 00:01:35,000 --> 00:01:40,399 which 30 years ago made Ethiopia a 30 00:01:37,560 --> 00:01:43,040 byward for a state of collapse joining 31 00:01:40,399 --> 00:01:45,399 us on the Sputnik to discuss a subject 32 00:01:43,040 --> 00:01:47,880 largely ignored by the Western media is 33 00:01:45,399 --> 00:01:50,280 Economist and financial expert Chi 34 00:01:47,880 --> 00:01:53,600 obiara Chidi thanks very much for coming 35 00:01:50,280 --> 00:01:56,600 on the Sputnik here we have an Al-Qaeda 36 00:01:53,600 --> 00:02:00,039 outfit once thought to be venomous and 37 00:01:56,600 --> 00:02:02,920 wicked but small now effectively 38 00:02:00,039 --> 00:02:06,759 creating a state of emergency in 39 00:02:02,920 --> 00:02:09,959 Africa's arguably biggest most important 40 00:02:06,759 --> 00:02:12,640 country uh and uh millions of people 41 00:02:09,959 --> 00:02:13,680 displaced with a food crisis coming down 42 00:02:12,640 --> 00:02:16,440 the 43 00:02:13,680 --> 00:02:19,879 line that all uh adds up to a bit of a 44 00:02:16,440 --> 00:02:22,959 disaster no um hello George thank you 45 00:02:19,879 --> 00:02:26,319 for having me on your show um the the 46 00:02:22,959 --> 00:02:29,480 the theory that um bah Haram uh 47 00:02:26,319 --> 00:02:33,760 Nigeria's Northeast separatist movement 48 00:02:29,480 --> 00:02:35,480 is linked to um alqaeda is based on the 49 00:02:33,760 --> 00:02:37,879 supposition that a lot of weapons have 50 00:02:35,480 --> 00:02:41,200 come down from North Africa via the 51 00:02:37,879 --> 00:02:43,680 Islamic mreb um after the demise of 52 00:02:41,200 --> 00:02:48,080 Colonel Gaddafi and that this this loose 53 00:02:43,680 --> 00:02:50,680 link to um alqaeda is a a driving force 54 00:02:48,080 --> 00:02:54,200 behind it but many analysts in Nigeria 55 00:02:50,680 --> 00:02:57,080 are convinced that issues of of poverty 56 00:02:54,200 --> 00:02:58,920 desertification um and and an imbalance 57 00:02:57,080 --> 00:03:01,200 in the economy with with very poor 58 00:02:58,920 --> 00:03:03,560 transport links are the key causes 59 00:03:01,200 --> 00:03:05,120 rather than International terrorist 60 00:03:03,560 --> 00:03:06,640 Spectre I mean there are it's a 61 00:03:05,120 --> 00:03:08,720 contributing factor but I think it's a 62 00:03:06,640 --> 00:03:11,799 question of balancing both internal and 63 00:03:08,720 --> 00:03:15,280 external pressures because one hadn't 64 00:03:11,799 --> 00:03:18,680 hither to imagined that Nigerian Muslims 65 00:03:15,280 --> 00:03:21,920 were particularly inclined to extremism 66 00:03:18,680 --> 00:03:24,239 of any kind are you really saying that 67 00:03:21,920 --> 00:03:26,280 this can be economically fixed there's 68 00:03:24,239 --> 00:03:27,879 always been an appropriate stereotype 69 00:03:26,280 --> 00:03:29,799 that Nigerians will never kill 70 00:03:27,879 --> 00:03:32,040 themselves for anything they're far more 71 00:03:29,799 --> 00:03:35,599 interested in making money one way or 72 00:03:32,040 --> 00:03:37,480 other than um sort of sacrificing 73 00:03:35,599 --> 00:03:39,280 themselves for a broader ideological 74 00:03:37,480 --> 00:03:40,239 goal it isn't part of the fabric of our 75 00:03:39,280 --> 00:03:43,080 society I think that's one of the 76 00:03:40,239 --> 00:03:44,879 reasons why many Nigerians talk about 77 00:03:43,080 --> 00:03:48,080 the outside influences of the Islamic 78 00:03:44,879 --> 00:03:50,879 nreb rather than the sort of interior uh 79 00:03:48,080 --> 00:03:53,280 domestic uh political drivers but you 80 00:03:50,879 --> 00:03:56,560 make an extremely valid point about why 81 00:03:53,280 --> 00:03:58,840 it's important to develop the economic 82 00:03:56,560 --> 00:04:00,720 base and alleviate Poverty of the 83 00:03:58,840 --> 00:04:03,480 country both in the North in the South 84 00:04:00,720 --> 00:04:05,400 as the most powerful tool against 85 00:04:03,480 --> 00:04:08,079 political opportunists basically who 86 00:04:05,400 --> 00:04:10,439 create movements like alqaeda Nigeria 87 00:04:08,079 --> 00:04:12,280 should be of course extremely rich 88 00:04:10,439 --> 00:04:14,959 everyone should be living comfortably in 89 00:04:12,280 --> 00:04:17,519 Nigeria if it weren weren't for poor 90 00:04:14,959 --> 00:04:21,160 governance and Corruption and uh 91 00:04:17,519 --> 00:04:23,520 previous problems uh there would be none 92 00:04:21,160 --> 00:04:25,919 of this but of course there are 93 00:04:23,520 --> 00:04:28,320 secessionist Tendencies latent within 94 00:04:25,919 --> 00:04:30,400 the state I'm old enough to remember one 95 00:04:28,320 --> 00:04:34,240 in particular in bafra 96 00:04:30,400 --> 00:04:37,440 uh which raged for years and which 97 00:04:34,240 --> 00:04:39,680 produced images of horror uh that hadn't 98 00:04:37,440 --> 00:04:41,919 actually been seen since the end of the 99 00:04:39,680 --> 00:04:44,560 second world war you're confident that 100 00:04:41,919 --> 00:04:47,160 Nigeria can remain a single state are 101 00:04:44,560 --> 00:04:50,960 you but those are extremely powerful 102 00:04:47,160 --> 00:04:52,759 questions um bafra was a formidably ugly 103 00:04:50,960 --> 00:04:55,600 event uh in global history not just 104 00:04:52,759 --> 00:04:57,680 Nigerian history Millions died Millions 105 00:04:55,600 --> 00:05:00,160 more were starved to death and those 106 00:04:57,680 --> 00:05:02,720 images of starving children remain 107 00:05:00,160 --> 00:05:04,680 um in many people's minds now I think 108 00:05:02,720 --> 00:05:07,440 ironically one of the reasons why 109 00:05:04,680 --> 00:05:09,960 Nigeria probably will survive all this 110 00:05:07,440 --> 00:05:12,800 is that Nigerians do not want to go 111 00:05:09,960 --> 00:05:14,240 through that kind of process again 112 00:05:12,800 --> 00:05:16,840 despite the fact that on this particular 113 00:05:14,240 --> 00:05:18,080 occasion the cess sort of pressures are 114 00:05:16,840 --> 00:05:20,639 coming from very different parts of the 115 00:05:18,080 --> 00:05:23,120 country by the way but even this time 116 00:05:20,639 --> 00:05:25,560 around we're all very very clear that 117 00:05:23,120 --> 00:05:27,840 our strengths make us far more capable 118 00:05:25,560 --> 00:05:31,039 as a nation than our constituent Parts 119 00:05:27,840 --> 00:05:33,840 alone so within the context of solving 120 00:05:31,039 --> 00:05:35,160 this problem goodlock Jonathan um our 121 00:05:33,840 --> 00:05:37,479 president has called together a 122 00:05:35,160 --> 00:05:40,360 constitutional group of 123 00:05:37,479 --> 00:05:43,199 492 Statesmen who are right now as we 124 00:05:40,360 --> 00:05:45,440 speak debating the future of the country 125 00:05:43,199 --> 00:05:47,199 its Constitution and the way the federal 126 00:05:45,440 --> 00:05:49,880 government relates to the constituent 127 00:05:47,199 --> 00:05:52,240 state governments the thrust of the the 128 00:05:49,880 --> 00:05:54,960 the conference is to talk about ways of 129 00:05:52,240 --> 00:05:57,680 structuring Nigeria so that we don't 130 00:05:54,960 --> 00:06:00,120 have individual groups of minorities who 131 00:05:57,680 --> 00:06:02,199 feel that they are not loyal to the 132 00:06:00,120 --> 00:06:03,880 center now within that context there 133 00:06:02,199 --> 00:06:06,479 have been lots of ideas but one of the 134 00:06:03,880 --> 00:06:08,720 most powerful ideas is the idea that 135 00:06:06,479 --> 00:06:10,800 Commerce and ironically linking 136 00:06:08,720 --> 00:06:14,080 different parts of the country better 137 00:06:10,800 --> 00:06:16,479 makes everyone aim for higher mostly 138 00:06:14,080 --> 00:06:18,120 economic goals rather than worry about 139 00:06:16,479 --> 00:06:19,880 being politically disconnected or 140 00:06:18,120 --> 00:06:21,080 disenfranchised there was a specific 141 00:06:19,880 --> 00:06:24,319 group of people who've been talking 142 00:06:21,080 --> 00:06:26,880 about building Africa's first highpe 143 00:06:24,319 --> 00:06:28,360 Rail Link now I I kid you not when I 144 00:06:26,880 --> 00:06:30,440 tell you this is a game changer because 145 00:06:28,360 --> 00:06:32,680 along with the amazing economic news 146 00:06:30,440 --> 00:06:35,360 that comes out of Nigeria on a daily 147 00:06:32,680 --> 00:06:38,240 basis a high-speed train Link in this 148 00:06:35,360 --> 00:06:40,520 part of Africa would change that sort of 149 00:06:38,240 --> 00:06:42,880 region forever and I'm sure it would 150 00:06:40,520 --> 00:06:46,039 change the Politics as well so a 151 00:06:42,880 --> 00:06:51,560 constitutional convention is his first 152 00:06:46,039 --> 00:06:53,919 response M uh the new economic policies 153 00:06:51,560 --> 00:06:56,639 uh his second response meanwhile though 154 00:06:53,919 --> 00:06:59,080 the Insurgency continues are the 155 00:06:56,639 --> 00:07:00,360 Security Forces in Nigeria up to the 156 00:06:59,080 --> 00:07:02,680 challenge 157 00:07:00,360 --> 00:07:05,080 there is a vicious rather than virtuous 158 00:07:02,680 --> 00:07:07,039 cycle in the way the northeast of the 159 00:07:05,080 --> 00:07:09,680 country has tried to deal with this 160 00:07:07,039 --> 00:07:11,879 Insurgency but in specific examples of 161 00:07:09,680 --> 00:07:15,440 Acts for example you know the storming 162 00:07:11,879 --> 00:07:17,000 of a secondary school in y um where 30 163 00:07:15,440 --> 00:07:20,960 teenagers 164 00:07:17,000 --> 00:07:23,080 were bound gagged and killed um the 165 00:07:20,960 --> 00:07:27,120 outrage the entire nation 166 00:07:23,080 --> 00:07:30,240 feels makes bah haram's activities 167 00:07:27,120 --> 00:07:32,639 overshadow their apparent goals so you 168 00:07:30,240 --> 00:07:34,360 get to a situation where we stop talking 169 00:07:32,639 --> 00:07:36,360 about the causes of Bah Haram and the 170 00:07:34,360 --> 00:07:38,599 solutions of Bah Haram and we transfix 171 00:07:36,360 --> 00:07:42,000 ourselves on the actual acts of bam and 172 00:07:38,599 --> 00:07:43,879 we need to move away from that this year 173 00:07:42,000 --> 00:07:46,879 we are rebasing our economy in Nigeria 174 00:07:43,879 --> 00:07:49,639 so we're going from a $260 billion 175 00:07:46,879 --> 00:07:51,520 economy to a $400 billion doll economy 176 00:07:49,639 --> 00:07:53,599 potentially now this will make the 177 00:07:51,520 --> 00:07:56,240 Nigerian economy bigger than than 178 00:07:53,599 --> 00:07:59,800 Denmark bigger than Switzerland bigger 179 00:07:56,240 --> 00:08:02,520 than Singapore it's a game Cher that Dr 180 00:07:59,800 --> 00:08:04,800 opposed against sort of political 181 00:08:02,520 --> 00:08:07,720 discourse almost dwarfs it because if 182 00:08:04,800 --> 00:08:10,400 you think about the idea that the world 183 00:08:07,720 --> 00:08:13,560 could be seeing its first middle- inome 184 00:08:10,400 --> 00:08:16,400 African country uh able to pull off big 185 00:08:13,560 --> 00:08:19,080 projects employ millions of people trade 186 00:08:16,400 --> 00:08:20,560 and liberate those people you begin to 187 00:08:19,080 --> 00:08:23,280 realize that we're actually facing 188 00:08:20,560 --> 00:08:25,759 something much wider and as I say 189 00:08:23,280 --> 00:08:27,599 gamechanging than just solving a 190 00:08:25,759 --> 00:08:29,720 specific political problem is this 191 00:08:27,599 --> 00:08:30,960 President up to it he hasn't declared 192 00:08:29,720 --> 00:08:32,919 whether or not he will run for president 193 00:08:30,960 --> 00:08:34,760 he's quite clear uh that the 194 00:08:32,919 --> 00:08:37,519 constitution allows him to but he hasn't 195 00:08:34,760 --> 00:08:39,399 said if he's going to run or not uh I 196 00:08:37,519 --> 00:08:41,240 think it'd be one of those episodes 197 00:08:39,399 --> 00:08:43,839 where someone as underrated as goodlock 198 00:08:41,240 --> 00:08:45,600 Jonathan takes a challenging position 199 00:08:43,839 --> 00:08:46,959 and turns it into a spectacular 200 00:08:45,600 --> 00:08:49,959 opportunity he could be the John Major 201 00:08:46,959 --> 00:08:52,240 of uh Nigerian politics he could be the 202 00:08:49,959 --> 00:08:55,720 Margaret ther of Nigerian politics yeah 203 00:08:52,240 --> 00:08:59,560 but uh John Major was an unexpected uh 204 00:08:55,720 --> 00:09:01,320 uh um change agent yes yeah uh now we we 205 00:08:59,560 --> 00:09:03,240 can't because there is a danger of a 206 00:09:01,320 --> 00:09:05,399 parallel universe uh in this 207 00:09:03,240 --> 00:09:07,519 conversation I'm with you by the way on 208 00:09:05,399 --> 00:09:09,279 everything that you have said but there 209 00:09:07,519 --> 00:09:11,320 is a danger of a parallel universe 210 00:09:09,279 --> 00:09:13,920 because as all these highspeed rail 211 00:09:11,320 --> 00:09:15,680 links are being built and economic and 212 00:09:13,920 --> 00:09:17,720 constitutional change is busily being 213 00:09:15,680 --> 00:09:20,079 prepared even calized I believe 214 00:09:17,720 --> 00:09:23,240 absolutely yes uh in the midst of all 215 00:09:20,079 --> 00:09:25,880 that there's a fullscale war uh going on 216 00:09:23,240 --> 00:09:29,600 this is not a group of uh you know 25 217 00:09:25,880 --> 00:09:32,640 red Brigade terrorists in uh in Italy or 218 00:09:29,600 --> 00:09:33,560 uh the Red Army fraction in Germany this 219 00:09:32,640 --> 00:09:37,040 is an 220 00:09:33,560 --> 00:09:40,360 army uh that is causing the displacement 221 00:09:37,040 --> 00:09:44,240 as I set of millions is has killed 222 00:09:40,360 --> 00:09:47,760 thousands is a real serious challenge to 223 00:09:44,240 --> 00:09:51,839 the uh Nigerian uh military what do you 224 00:09:47,760 --> 00:09:54,920 know about this boo Haram and how do you 225 00:09:51,839 --> 00:09:58,480 therefore think we can see them defeated 226 00:09:54,920 --> 00:10:00,240 again profound questions um the theories 227 00:09:58,480 --> 00:10:02,800 about the formation of har am revolver 228 00:10:00,240 --> 00:10:05,640 around a man called Muhammad yusf um 229 00:10:02,800 --> 00:10:07,440 apparently in 2002 he set up this 230 00:10:05,640 --> 00:10:10,079 resistance movement that was thought of 231 00:10:07,440 --> 00:10:13,360 at the time as being sort of competition 232 00:10:10,079 --> 00:10:15,720 between the the canri uh in boru and the 233 00:10:13,360 --> 00:10:17,720 housea in sukutu so it was it was seen 234 00:10:15,720 --> 00:10:21,360 as really being a sort of a northern 235 00:10:17,720 --> 00:10:24,760 one-upmanship between two powerful uh 236 00:10:21,360 --> 00:10:27,480 historic uh caliphates now things 237 00:10:24,760 --> 00:10:30,360 changed a lot though um because in 2007 238 00:10:27,480 --> 00:10:33,600 201 uh1 the new new government which 239 00:10:30,360 --> 00:10:35,160 included goodlock Jonathan um didn't win 240 00:10:33,600 --> 00:10:37,040 a lot of approval in the north as it 241 00:10:35,160 --> 00:10:38,240 took over so there were some politicians 242 00:10:37,040 --> 00:10:41,920 in the north who said they were going to 243 00:10:38,240 --> 00:10:45,680 make Nigeria ungovernable bku Haram is 244 00:10:41,920 --> 00:10:48,040 about um a local group in the northeast 245 00:10:45,680 --> 00:10:50,320 of Nigeria who have an agenda that's 246 00:10:48,040 --> 00:10:52,040 focused around bettering the northeast 247 00:10:50,320 --> 00:10:54,200 of Nigeria because they they complain 248 00:10:52,040 --> 00:10:56,160 about poverty rightly they complain 249 00:10:54,200 --> 00:10:58,399 about corruption and what's what's come 250 00:10:56,160 --> 00:11:01,000 out of that entire process is this 251 00:10:58,399 --> 00:11:03,639 confusion I said ear on between the 252 00:11:01,000 --> 00:11:06,920 tactics and the acts of Bah Haram and 253 00:11:03,639 --> 00:11:08,519 the cause if we encourage agriculture in 254 00:11:06,920 --> 00:11:10,720 this part of the country which has been 255 00:11:08,519 --> 00:11:13,040 a staple for thousands of years if we 256 00:11:10,720 --> 00:11:16,519 link it so that cultural produce can be 257 00:11:13,040 --> 00:11:18,959 exported from the coast if we educate 258 00:11:16,519 --> 00:11:21,480 the population in a way that doesn't 259 00:11:18,959 --> 00:11:24,040 allow them to make statements like Boo 260 00:11:21,480 --> 00:11:26,560 Haram you know books are 261 00:11:24,040 --> 00:11:30,360 sinful if we go through that structural 262 00:11:26,560 --> 00:11:32,160 change try and imagine how impressive 263 00:11:30,360 --> 00:11:35,519 country we could have well I I I've 264 00:11:32,160 --> 00:11:38,120 always felt that Nigeria uh could and I 265 00:11:35,519 --> 00:11:40,720 hope will be a very impressive country 266 00:11:38,120 --> 00:11:43,160 indeed I I I have no doubt that the 267 00:11:40,720 --> 00:11:45,160 issues of poverty globally that cause 268 00:11:43,160 --> 00:11:47,800 people to adopt an inappropriate 269 00:11:45,160 --> 00:11:50,160 political stance uh may affect Nigeria 270 00:11:47,800 --> 00:11:52,399 but I'm an optimist absolutely an optim 271 00:11:50,160 --> 00:11:55,480 I could tell thank you very much indeed 272 00:11:52,399 --> 00:11:57,440 it's been great have you on the Sputnik 273 00:11:55,480 --> 00:12:00,279 coming up after the break is another 274 00:11:57,440 --> 00:12:03,399 Optimist the one and only believe me Max 275 00:12:00,279 --> 00:12:03,399 sker don't miss 276 00:12:04,620 --> 00:12:12,919 [Music] 277 00:12:12,959 --> 00:12:16,760 it hey remember that con Brothers movie 278 00:12:15,320 --> 00:12:20,000 No Country for Old 279 00:12:16,760 --> 00:12:22,839 Men how about No Country for young men 280 00:12:20,000 --> 00:12:26,120 what's the most you ever lost on a coin 281 00:12:22,839 --> 00:12:27,000 toss what's the most you ever lost on a 282 00:12:26,120 --> 00:12:30,120 coin 283 00:12:27,000 --> 00:12:33,000 toss you've been putting it up your 284 00:12:30,120 --> 00:12:37,240 whole life you just didn't know 285 00:12:33,000 --> 00:12:39,839 it call it yeah baby call it you stand 286 00:12:37,240 --> 00:12:41,120 to win everything call it a top treasury 287 00:12:39,839 --> 00:12:43,360 official warrant that Britain is 288 00:12:41,120 --> 00:12:45,240 teetering on the edge of dangerous 289 00:12:43,360 --> 00:12:47,920 housing bubble and prices in London are 290 00:12:45,240 --> 00:12:49,920 rising so fast that Prince Charles says 291 00:12:47,920 --> 00:12:52,480 there isn't sustainability and risk 292 00:12:49,920 --> 00:12:54,880 driving away talented young individuals 293 00:12:52,480 --> 00:12:58,639 in other words this is No Country for 294 00:12:54,880 --> 00:12:58,639 young people 295 00:13:00,600 --> 00:13:05,120 diplomacy led to breakthroughs in Syria 296 00:13:02,680 --> 00:13:07,760 and Iran but it also strained relations 297 00:13:05,120 --> 00:13:11,959 between the US and Saudi Arabia what 298 00:13:07,760 --> 00:13:11,959 does the future hold for Washington Riad 299 00:13:13,510 --> 00:13:19,690 [Music] 300 00:13:21,040 --> 00:13:26,519 ties Cold War 2.0 there are those who 301 00:13:24,279 --> 00:13:28,720 claim the manufactured crisis in Ukraine 302 00:13:26,519 --> 00:13:30,959 is drawing new lines and defining new 303 00:13:28,720 --> 00:13:32,800 geop political realities others are 304 00:13:30,959 --> 00:13:35,320 dismissive they say the old cold war 305 00:13:32,800 --> 00:13:38,680 never really came to an end so is Russia 306 00:13:35,320 --> 00:13:38,680 and the West doomed to be 307 00:13:42,959 --> 00:13:52,000 adversaries right from the 308 00:13:46,360 --> 00:13:52,000 scene First Rate news and eyeg gripping 309 00:13:52,180 --> 00:13:57,720 [Music] 310 00:13:55,040 --> 00:14:00,570 pictures on our reporter's 311 00:13:57,720 --> 00:14:03,720 Twitter and 312 00:14:00,570 --> 00:14:09,199 [Applause] 313 00:14:03,720 --> 00:14:09,199 Instagram to be in the know follow us 314 00:14:16,620 --> 00:14:21,240 [Music] 315 00:14:18,279 --> 00:14:23,440 online welcome back to the Sputnik our 316 00:14:21,240 --> 00:14:25,600 RT colleague Max Kaiser has become one 317 00:14:23,440 --> 00:14:27,839 of the most watched commentators on the 318 00:14:25,600 --> 00:14:30,360 globe The Huffington Post calls him the 319 00:14:27,839 --> 00:14:32,320 most dangerous man in financial media 320 00:14:30,360 --> 00:14:34,240 The Independent Newspaper calls him 321 00:14:32,320 --> 00:14:36,639 America's most outrageous political 322 00:14:34,240 --> 00:14:39,639 pundit and the Daily Dot calls him a 323 00:14:36,639 --> 00:14:42,199 sharp articulate a narcissistic 324 00:14:39,639 --> 00:14:44,959 Financial shock jck punching above his 325 00:14:42,199 --> 00:14:47,160 weight but before all that Max invented 326 00:14:44,959 --> 00:14:48,920 this virtual specialist technology that 327 00:14:47,160 --> 00:14:51,120 not only Powers the Hollywood Stock 328 00:14:48,920 --> 00:14:53,720 Exchange but also gave us one of the 329 00:14:51,120 --> 00:14:56,360 world's first virtual currency the 330 00:14:53,720 --> 00:14:58,600 Hollywood dollar now he's in the UK not 331 00:14:56,360 --> 00:15:00,320 only hosting the kaisa report but also 332 00:14:58,600 --> 00:15:03,240 launching several new companies 333 00:15:00,320 --> 00:15:05,480 including the crowdfunding site St join 334 00:15:03,240 --> 00:15:07,560 Max's effervescence is not just the 335 00:15:05,480 --> 00:15:09,560 result of his unique personality but an 336 00:15:07,560 --> 00:15:12,160 expression of the fact that he's almost 337 00:15:09,560 --> 00:15:14,040 literally bursting with ideas about the 338 00:15:12,160 --> 00:15:16,279 way things are and about the way things 339 00:15:14,040 --> 00:15:18,600 could be it's a pleasure to welcome him 340 00:15:16,279 --> 00:15:20,920 aboard the Sputnik Max we're actually in 341 00:15:18,600 --> 00:15:23,639 outer space we're in outer space 342 00:15:20,920 --> 00:15:26,279 we're there are no borders visible this 343 00:15:23,639 --> 00:15:28,360 is unbelievable this is in technology 344 00:15:26,279 --> 00:15:31,360 like I would never have imagined it and 345 00:15:28,360 --> 00:15:35,160 of course the Union beat your country 346 00:15:31,360 --> 00:15:37,440 into Yuri gagaran I was in five two days 347 00:15:35,160 --> 00:15:39,440 ago well there's still a street called 348 00:15:37,440 --> 00:15:42,319 Yuri Gagarin who's the first on the moon 349 00:15:39,440 --> 00:15:44,160 George first on the moon yeah allegedly 350 00:15:42,319 --> 00:15:46,240 allegedly although some people say it 351 00:15:44,160 --> 00:15:48,279 was a Hollywood film set or it was in 352 00:15:46,240 --> 00:15:50,720 the Arizona desert but will not be 353 00:15:48,279 --> 00:15:52,600 distracted I want to start you you came 354 00:15:50,720 --> 00:15:55,240 from a country the United States where 355 00:15:52,600 --> 00:15:57,519 if you fall down Sick in the street the 356 00:15:55,240 --> 00:15:59,440 doctor feels for your wallet before he 357 00:15:57,519 --> 00:16:02,399 feels for your pulse 358 00:15:59,440 --> 00:16:04,199 and now you're here boosting the British 359 00:16:02,399 --> 00:16:07,519 National Health Service is this a 360 00:16:04,199 --> 00:16:10,319 revelation to you yeah the NHS is a 361 00:16:07,519 --> 00:16:12,839 jewel and I am part of the NHS because I 362 00:16:10,319 --> 00:16:14,680 live here now and so the crowdfunding 363 00:16:12,839 --> 00:16:17,880 site that I've started called start join 364 00:16:14,680 --> 00:16:19,240 start a revolution join A revolution is 365 00:16:17,880 --> 00:16:22,160 uh putting together some funding for 366 00:16:19,240 --> 00:16:23,720 this film selloff uh this NHS film it's 367 00:16:22,160 --> 00:16:27,920 a brilliant film I've seen a rough cut 368 00:16:23,720 --> 00:16:29,079 on it and start join.com the site it's a 369 00:16:27,920 --> 00:16:31,319 combination it's a revolution 370 00:16:29,079 --> 00:16:33,800 combination of crowdfunding plus 371 00:16:31,319 --> 00:16:36,319 cryptocurrencies like Bitcoin and I 372 00:16:33,800 --> 00:16:38,800 think this will be a huge Revelation in 373 00:16:36,319 --> 00:16:40,680 both funding and finance which puts 374 00:16:38,800 --> 00:16:43,440 power back into the hands of people who 375 00:16:40,680 --> 00:16:47,040 want to do things like transform the NHS 376 00:16:43,440 --> 00:16:49,319 take power away from people like um uh 377 00:16:47,040 --> 00:16:51,000 Jeremy Hunt For example the health 378 00:16:49,319 --> 00:16:53,040 secretary the health secretary and on 379 00:16:51,000 --> 00:16:54,600 that front George I what I've come up 380 00:16:53,040 --> 00:16:57,600 with as an idea that I want to maybe 381 00:16:54,600 --> 00:17:01,319 fund on start join this would be a a 382 00:16:57,600 --> 00:17:03,800 pack of Na s terrorist playing cards now 383 00:17:01,319 --> 00:17:06,360 you remember back during the Iraq War 384 00:17:03,800 --> 00:17:08,160 Saddam Hussein and Tark aiz and the rest 385 00:17:06,360 --> 00:17:10,559 yes so this is the Prototype so in other 386 00:17:08,160 --> 00:17:12,959 words Jeremy Hunt who's probably the 387 00:17:10,559 --> 00:17:14,439 number one Public Enemy Number One in 388 00:17:12,959 --> 00:17:16,360 terms of the National Health Service and 389 00:17:14,439 --> 00:17:18,480 it's just terrorist number one he would 390 00:17:16,360 --> 00:17:20,880 be the Ace of Spades and then of course 391 00:17:18,480 --> 00:17:23,559 you have uh McKenzie uh the Consulting 392 00:17:20,880 --> 00:17:25,240 Group KPMG ernston young price waterhous 393 00:17:23,559 --> 00:17:26,600 Cooper they're all these American 394 00:17:25,240 --> 00:17:29,360 Consultants who have flown into this 395 00:17:26,600 --> 00:17:31,840 country to basically engage 396 00:17:29,360 --> 00:17:34,600 they want to Feast on what they hope 397 00:17:31,840 --> 00:17:36,919 will be a corpse of what was the 398 00:17:34,600 --> 00:17:38,600 greatest thing that Britain ever 399 00:17:36,919 --> 00:17:40,880 achieved right there's 100 billion 400 00:17:38,600 --> 00:17:42,000 pounds in the NHS worth of assets and 401 00:17:40,880 --> 00:17:44,120 they're engaging what I would call 402 00:17:42,000 --> 00:17:46,760 pinata economics where they're given a 403 00:17:44,120 --> 00:17:49,039 big fat stick and they go to this NHS 404 00:17:46,760 --> 00:17:50,440 which is a treasure trob of assets and 405 00:17:49,039 --> 00:17:52,200 their stick is given to them by this 406 00:17:50,440 --> 00:17:54,160 coalition government and they beat the 407 00:17:52,200 --> 00:17:55,640 hell out of it looking for the candy the 408 00:17:54,160 --> 00:17:57,240 candy is falling out these things are 409 00:17:55,640 --> 00:17:58,799 being given to them free from the 410 00:17:57,240 --> 00:18:00,720 government they borrow money free from 411 00:17:58,799 --> 00:18:03,440 from the government at 0% interest rate 412 00:18:00,720 --> 00:18:06,240 they break open they pry open the NHS 413 00:18:03,440 --> 00:18:08,960 and they wore themselves all the assets 414 00:18:06,240 --> 00:18:11,520 as as reward as lucra in what is 415 00:18:08,960 --> 00:18:14,039 obviously a heist so this film which is 416 00:18:11,520 --> 00:18:16,480 selloff is trying to get the people in 417 00:18:14,039 --> 00:18:18,600 the UK to understand that this is it 418 00:18:16,480 --> 00:18:21,400 this is the land the Line in the Sand 419 00:18:18,600 --> 00:18:22,799 you can't have our NHS it's a brilliant 420 00:18:21,400 --> 00:18:24,960 uh institution and they need crowd 421 00:18:22,799 --> 00:18:28,120 funding and they get that through your 422 00:18:24,960 --> 00:18:31,400 start jooin site start join.com that's 423 00:18:28,120 --> 00:18:34,320 great the the uh the the crowdfunding 424 00:18:31,400 --> 00:18:36,919 business is becoming itself big business 425 00:18:34,320 --> 00:18:39,880 you and I uh have worked together on 426 00:18:36,919 --> 00:18:42,159 this uh Tony Blair documentary which is 427 00:18:39,880 --> 00:18:45,360 uh Gathering Pace I may tell you we're 428 00:18:42,159 --> 00:18:48,520 also working on a movie together about 429 00:18:45,360 --> 00:18:50,280 somebody the British public so far knows 430 00:18:48,520 --> 00:18:52,640 little about but he's very very 431 00:18:50,280 --> 00:18:55,080 important to the story of the last 20 432 00:18:52,640 --> 00:18:57,440 years Kenny Lee where's Kenny Boy tell 433 00:18:55,080 --> 00:18:58,919 us about it well Tony Blair remember it 434 00:18:57,440 --> 00:19:01,320 wasn't blood for oil turned out it was 435 00:18:58,919 --> 00:19:04,799 blood for oil and canl is kind of the 436 00:19:01,320 --> 00:19:07,320 American connection to this massive o 437 00:19:04,799 --> 00:19:09,440 oil empowered oligarchy that is 438 00:19:07,320 --> 00:19:11,919 plundering the world kenlay of course 439 00:19:09,440 --> 00:19:13,919 former head of Enron and Enron is really 440 00:19:11,919 --> 00:19:15,960 a seminal case of financial Terror 441 00:19:13,919 --> 00:19:18,159 terrorism or financialization using 442 00:19:15,960 --> 00:19:19,840 corporate assets to create Financial 443 00:19:18,159 --> 00:19:21,760 Futures contracts which dominate the 444 00:19:19,840 --> 00:19:23,600 energy industry and this the tail 445 00:19:21,760 --> 00:19:25,240 wagging the dog so you don't have 446 00:19:23,600 --> 00:19:27,400 genuine price Discovery where the price 447 00:19:25,240 --> 00:19:28,919 of oil reflects true supply and demand 448 00:19:27,400 --> 00:19:30,320 but it's the paper contracts that are 449 00:19:28,919 --> 00:19:32,400 driving the price and the paper is 450 00:19:30,320 --> 00:19:33,760 driven by insiders who are manipulating 451 00:19:32,400 --> 00:19:35,880 the price to fund things like political 452 00:19:33,760 --> 00:19:37,400 campaigns for George Bush and others so 453 00:19:35,880 --> 00:19:39,159 this is a story that we're going to go 454 00:19:37,400 --> 00:19:40,440 pursue it's called where's Kenny boy 455 00:19:39,159 --> 00:19:42,240 we're going to go to Paraguay we're 456 00:19:40,440 --> 00:19:44,200 gonna find Kenny boy which we think he 457 00:19:42,240 --> 00:19:45,760 might be still alive Al living in 458 00:19:44,200 --> 00:19:47,440 Paraguay because that whole funeral 459 00:19:45,760 --> 00:19:49,360 situation seemed to be a big fake talk 460 00:19:47,440 --> 00:19:52,240 about the fake moonlanding this is could 461 00:19:49,360 --> 00:19:53,960 be the fake Kenny boy death well let let 462 00:19:52,240 --> 00:19:56,640 let's for the benefit of British viewers 463 00:19:53,960 --> 00:19:59,240 just uh recap it quickly this is a man 464 00:19:56,640 --> 00:20:02,120 who funded the George Bush Neo con 465 00:19:59,240 --> 00:20:05,120 campaign George Bush flew on an Enron 466 00:20:02,120 --> 00:20:07,400 jet into Florida for the controversial 467 00:20:05,120 --> 00:20:10,799 crisis the recount over the Florida 468 00:20:07,400 --> 00:20:15,240 result when he was first elected he was 469 00:20:10,799 --> 00:20:16,520 then not Bush but Lei convicted of a 470 00:20:15,240 --> 00:20:19,000 vast 471 00:20:16,520 --> 00:20:21,280 fraud uh but just before he could be 472 00:20:19,000 --> 00:20:23,960 sentenced and therefore his assets 473 00:20:21,280 --> 00:20:26,159 seized he went off to Colorado and had a 474 00:20:23,960 --> 00:20:29,240 very convenient heart attack which meant 475 00:20:26,159 --> 00:20:31,880 his family could keep his wealth and uh 476 00:20:29,240 --> 00:20:33,799 he was quickly cremated before anyone 477 00:20:31,880 --> 00:20:37,640 from the federal government actually got 478 00:20:33,799 --> 00:20:39,960 a good look inside the coffin and uh as 479 00:20:37,640 --> 00:20:42,679 the smoke went up at the funeral there 480 00:20:39,960 --> 00:20:45,080 was George Bush George Bush Senior even 481 00:20:42,679 --> 00:20:46,559 Bill Clinton Hillary Clinton Donald 482 00:20:45,080 --> 00:20:49,400 Rumsfeld they were all at the funeral of 483 00:20:46,559 --> 00:20:51,440 a convicted fraud star and you and I 484 00:20:49,400 --> 00:20:54,760 think he may not have actually been in 485 00:20:51,440 --> 00:20:56,520 that box he may be where Paraguay so the 486 00:20:54,760 --> 00:20:58,400 concept for where's Kenny boy this film 487 00:20:56,520 --> 00:21:00,760 that we're crowdfunding on start join is 488 00:20:58,400 --> 00:21:02,880 to to have you myself and others go down 489 00:21:00,760 --> 00:21:04,960 to Paraguay and look for Kenny Kenny 490 00:21:02,880 --> 00:21:07,200 kenlay which we think he's hiding out in 491 00:21:04,960 --> 00:21:09,280 in this Paraguay in this in this Ranch 492 00:21:07,200 --> 00:21:10,679 it's estate somewhere and of course on 493 00:21:09,280 --> 00:21:12,600 our way there we're be going through 494 00:21:10,679 --> 00:21:15,159 Texas so we'll meet up probably with 495 00:21:12,600 --> 00:21:17,080 Alex Jones who's a friend of our show 496 00:21:15,159 --> 00:21:18,520 and he's working on a show a movie 497 00:21:17,080 --> 00:21:21,159 called uh with him right now called 498 00:21:18,520 --> 00:21:22,760 bailout 2 which is the sequel to bailout 499 00:21:21,159 --> 00:21:25,440 which is a film about the financial 500 00:21:22,760 --> 00:21:28,200 crisis uh so we're trying to bring in 501 00:21:25,440 --> 00:21:30,440 the global crowdfunding community and 502 00:21:28,200 --> 00:21:32,000 the glob crypto Community the Bitcoin 503 00:21:30,440 --> 00:21:34,320 Community the maxcoin community so 504 00:21:32,000 --> 00:21:35,880 people can donate with Bitcoin yeah they 505 00:21:34,320 --> 00:21:37,720 can use Bitcoin see the thing about 506 00:21:35,880 --> 00:21:38,880 cryptocurrency and when you combine it 507 00:21:37,720 --> 00:21:41,159 with crowdfunding to create this 508 00:21:38,880 --> 00:21:42,679 revolution is that what's great about 509 00:21:41,159 --> 00:21:44,679 cryptocurrency is that people can mine 510 00:21:42,679 --> 00:21:47,000 their own currency so in Iceland when 511 00:21:44,679 --> 00:21:48,799 they went through a tragic financial 512 00:21:47,000 --> 00:21:50,760 crisis they've now mined their own 513 00:21:48,799 --> 00:21:52,559 Aurora coin then they're Distributing it 514 00:21:50,760 --> 00:21:54,559 to the people and the people now have 515 00:21:52,559 --> 00:21:55,880 their new currency that's outside of the 516 00:21:54,559 --> 00:21:57,200 corrupt banking system we see the same 517 00:21:55,880 --> 00:21:58,960 thing possibly in Scotland we see the 518 00:21:57,200 --> 00:22:00,200 same thing happening in Spain we see the 519 00:21:58,960 --> 00:22:02,200 same thing happening for the Lakota 520 00:22:00,200 --> 00:22:04,039 nation in North America who's been 521 00:22:02,200 --> 00:22:05,600 victimized by 300 years of broken 522 00:22:04,039 --> 00:22:07,360 treaties from the American government 523 00:22:05,600 --> 00:22:10,880 they're now mining crypto mining their 524 00:22:07,360 --> 00:22:13,039 own currency the mesac coin which is 525 00:22:10,880 --> 00:22:14,799 immune from any government over uh 526 00:22:13,039 --> 00:22:17,440 interference so this is true 527 00:22:14,799 --> 00:22:19,080 Independence true Financial Independence 528 00:22:17,440 --> 00:22:21,159 which of course is the key toward true 529 00:22:19,080 --> 00:22:23,120 sovereignty I told you he was busting 530 00:22:21,159 --> 00:22:25,320 with ideas the public when they knew you 531 00:22:23,120 --> 00:22:28,159 were coming on Sputnik this week are 532 00:22:25,320 --> 00:22:31,200 bursting with the questions Bo well clf 533 00:22:28,159 --> 00:22:34,360 asked how can the financial Hony on 534 00:22:31,200 --> 00:22:36,279 politics be broken or at least contained 535 00:22:34,360 --> 00:22:38,720 well I think we now we talking about 536 00:22:36,279 --> 00:22:40,679 this in terms of combining things like 537 00:22:38,720 --> 00:22:43,279 crowdfunding and cryptocurrency and I've 538 00:22:40,679 --> 00:22:44,640 already been through something very uh 539 00:22:43,279 --> 00:22:45,960 interesting back in Hollywood when I 540 00:22:44,640 --> 00:22:47,400 created the Hollywood Stock Exchange it 541 00:22:45,960 --> 00:22:49,520 was considered so disruptive to the 542 00:22:47,400 --> 00:22:51,600 Hollywood establishment that they went 543 00:22:49,520 --> 00:22:53,400 after me in the same way they later went 544 00:22:51,600 --> 00:22:55,799 after Aon Schwarz I literally had to 545 00:22:53,400 --> 00:22:57,559 leave Hollywood to save my life because 546 00:22:55,799 --> 00:22:59,760 they had people following me they they 547 00:22:57,559 --> 00:23:02,240 were pursuing me because the technology 548 00:22:59,760 --> 00:23:05,080 of dis disrupting the Hollywood model 549 00:23:02,240 --> 00:23:07,120 with the Hollywood Stock Exchange was so 550 00:23:05,080 --> 00:23:09,039 um they were so frightened by this that 551 00:23:07,120 --> 00:23:10,960 they literally were were people 552 00:23:09,039 --> 00:23:12,520 following me and this was a means by 553 00:23:10,960 --> 00:23:14,679 which the public could pick the winners 554 00:23:12,520 --> 00:23:17,640 yeah they could uh they could as it were 555 00:23:14,679 --> 00:23:19,080 invest in Rising Stars and bring about 556 00:23:17,640 --> 00:23:20,480 the falling I created their the 557 00:23:19,080 --> 00:23:22,120 Hollywood their the own currency was 558 00:23:20,480 --> 00:23:24,000 like the first virtual currency it has a 559 00:23:22,120 --> 00:23:25,520 patent on that currency uh created The 560 00:23:24,000 --> 00:23:27,240 Exchange created the technology to trade 561 00:23:25,520 --> 00:23:28,559 these Securities so now suddenly the 562 00:23:27,240 --> 00:23:30,440 entire industry was in the hands of the 563 00:23:28,559 --> 00:23:33,400 public out of out outside of the hands 564 00:23:30,440 --> 00:23:35,080 of the studios and they uh freaked out 565 00:23:33,400 --> 00:23:36,480 essentially they thought I was joking at 566 00:23:35,080 --> 00:23:38,120 first but then when they realized that 567 00:23:36,480 --> 00:23:39,640 we had a million users and that the news 568 00:23:38,120 --> 00:23:41,400 was covering prices on the Hollywood 569 00:23:39,640 --> 00:23:44,240 Stock Exchange before the Hollywood news 570 00:23:41,400 --> 00:23:47,240 before a variety before um Hollywood 571 00:23:44,240 --> 00:23:51,039 Reporter uh they then went after me more 572 00:23:47,240 --> 00:23:53,679 about currency um uh Ral simple asks 573 00:23:51,039 --> 00:23:55,600 does he think you that the Russians and 574 00:23:53,679 --> 00:23:58,240 the Chinese will get together and form a 575 00:23:55,600 --> 00:23:59,960 new Reserve currency will the Russians 576 00:23:58,240 --> 00:24:03,679 and Chinese form a new Reserve currency 577 00:23:59,960 --> 00:24:06,559 I think the more the US uh tries to 578 00:24:03,679 --> 00:24:08,840 expand the hegemony of the US dollar the 579 00:24:06,559 --> 00:24:10,600 more they're forcing situations like 580 00:24:08,840 --> 00:24:12,120 Russia and China to come together and 581 00:24:10,600 --> 00:24:13,679 create maybe an asset back currency a 582 00:24:12,120 --> 00:24:15,120 gold back currency there's only three 583 00:24:13,679 --> 00:24:16,640 economies in the world left that are not 584 00:24:15,120 --> 00:24:19,279 completely controlled by the US Federal 585 00:24:16,640 --> 00:24:21,880 Reserve Bank that's China Russia and 586 00:24:19,279 --> 00:24:23,279 Iran uh the policy of the US is to 587 00:24:21,880 --> 00:24:26,080 double down in all their mistakes in 588 00:24:23,279 --> 00:24:28,520 Afghanistan Iraq and elsewhere to try to 589 00:24:26,080 --> 00:24:30,279 carry forward the Bad Bet into to 590 00:24:28,520 --> 00:24:32,360 leveraging a new country we saw that in 591 00:24:30,279 --> 00:24:35,200 Ukraine they were trying to take their 592 00:24:32,360 --> 00:24:38,320 Road show of financial freakdom into 593 00:24:35,200 --> 00:24:39,480 Ukraine it got rejected so in in betting 594 00:24:38,320 --> 00:24:41,240 circles you would call this the 595 00:24:39,480 --> 00:24:43,080 Martingale betting system which is the 596 00:24:41,240 --> 00:24:44,960 idea that you can always bet on a losing 597 00:24:43,080 --> 00:24:47,520 bet if you're at the roulette wheel and 598 00:24:44,960 --> 00:24:49,559 you bet bet on red and as a loser you 599 00:24:47,520 --> 00:24:50,559 double down and you keep doubling down 600 00:24:49,559 --> 00:24:51,520 the theory being that you will 601 00:24:50,559 --> 00:24:53,760 eventually win it's called the 602 00:24:51,520 --> 00:24:55,559 Martingale betting system the US foreign 603 00:24:53,760 --> 00:24:57,320 policy is the same thing they keep 604 00:24:55,559 --> 00:24:58,960 losing wherever they go but they double 605 00:24:57,320 --> 00:25:00,120 down Double Down Double Down 606 00:24:58,960 --> 00:25:01,640 the theory being that eventually they 607 00:25:00,120 --> 00:25:03,480 will win but I think now they're at the 608 00:25:01,640 --> 00:25:06,039 wall where they're hitting against China 609 00:25:03,480 --> 00:25:07,760 Russia Iran and and and the casino being 610 00:25:06,039 --> 00:25:09,159 shut down because as they get out of the 611 00:25:07,760 --> 00:25:11,720 dollar and they move into gold the 612 00:25:09,159 --> 00:25:15,039 casino shut and the US you know hits the 613 00:25:11,720 --> 00:25:17,600 skids well uh but it is uh a pressing 614 00:25:15,039 --> 00:25:20,840 and Urgent matter isn't it Russia is now 615 00:25:17,600 --> 00:25:23,919 being threatened with and in some uh to 616 00:25:20,840 --> 00:25:27,159 some extent already facing now 617 00:25:23,919 --> 00:25:29,840 sanctions uh China will be next yet 618 00:25:27,159 --> 00:25:34,279 China holds more dollars than the United 619 00:25:29,840 --> 00:25:36,720 States Treasury holds it's two and a 620 00:25:34,279 --> 00:25:39,120 half very powerful economies you're 621 00:25:36,720 --> 00:25:41,840 talking about there Chinese Russian and 622 00:25:39,120 --> 00:25:43,960 Iran they could have their own currency 623 00:25:41,840 --> 00:25:45,720 no well actually this a very specific 624 00:25:43,960 --> 00:25:47,919 question about that from Robert saying 625 00:25:45,720 --> 00:25:49,919 will China act to kill the dollar or 626 00:25:47,919 --> 00:25:52,120 live it being encircled by the US 627 00:25:49,919 --> 00:25:54,240 expanding deficit funded military a good 628 00:25:52,120 --> 00:25:56,720 point I mean the the the threat to China 629 00:25:54,240 --> 00:25:58,799 is very real and present why doesn't 630 00:25:56,720 --> 00:25:59,880 China take this opportunity 631 00:25:58,799 --> 00:26:01,520 they have been taking this opportunity 632 00:25:59,880 --> 00:26:04,440 Over The Last 5 Years both China and 633 00:26:01,520 --> 00:26:07,080 Russia have been buying record amounts 634 00:26:04,440 --> 00:26:09,000 of gold so as the paper world of the 635 00:26:07,080 --> 00:26:10,640 America's a paper empire built on fiat 636 00:26:09,000 --> 00:26:13,360 currency and if you don't buy their 637 00:26:10,640 --> 00:26:17,440 bonds they bomb you so that's America's 638 00:26:13,360 --> 00:26:18,760 foreign paper tiger right if you nowly 639 00:26:17,440 --> 00:26:20,760 if if they're going to say we're not 640 00:26:18,760 --> 00:26:22,600 going to take that paper anymore and the 641 00:26:20,760 --> 00:26:24,880 world shifts from a paperback currency 642 00:26:22,600 --> 00:26:26,360 to Resource back currency or gold back 643 00:26:24,880 --> 00:26:29,039 currency then the us is going to be 644 00:26:26,360 --> 00:26:30,360 holding a very poor hand in that 645 00:26:29,039 --> 00:26:32,240 geopolitical situation they're going to 646 00:26:30,360 --> 00:26:33,840 be holding a pair of twos against Russia 647 00:26:32,240 --> 00:26:35,840 China Iran will be having you know four 648 00:26:33,840 --> 00:26:37,559 aces of gold and they've been buying 649 00:26:35,840 --> 00:26:39,240 gold and record amounts that's why gold 650 00:26:37,559 --> 00:26:41,760 prices have been inching up you know for 651 00:26:39,240 --> 00:26:43,360 the last 5 10 years uh in the last two 652 00:26:41,760 --> 00:26:44,880 years or three years gold has been 653 00:26:43,360 --> 00:26:46,559 subjected to the same kind of Market 654 00:26:44,880 --> 00:26:48,200 manipulation that I talked about earlier 655 00:26:46,559 --> 00:26:50,399 in the show where the paper price of 656 00:26:48,200 --> 00:26:52,279 gold is knocked down with paper Futures 657 00:26:50,399 --> 00:26:54,600 contracts that they're financed with 0% 658 00:26:52,279 --> 00:26:56,880 interest rates but once that game ends 659 00:26:54,600 --> 00:27:00,200 you see a gap in gold gold moves up to 660 00:26:56,880 --> 00:27:01,480 two three $4,000 an ounce suddenly he 661 00:27:00,200 --> 00:27:03,640 who has the most gold is making the 662 00:27:01,480 --> 00:27:05,919 rules that would be China Russia and 663 00:27:03,640 --> 00:27:08,200 their friend Iran Del strain comedian 664 00:27:05,919 --> 00:27:10,240 ask what kind of coffee do you drink and 665 00:27:08,200 --> 00:27:11,360 can it be uh in UK water supply to 666 00:27:10,240 --> 00:27:14,440 living up the 667 00:27:11,360 --> 00:27:18,240 masses well usually I like to take an 668 00:27:14,440 --> 00:27:21,279 Arabic um Arabic uh bath so I draw a 669 00:27:18,240 --> 00:27:24,880 bath and I fill my entire bathtub with 670 00:27:21,279 --> 00:27:27,080 uh black with and then I just I I I I 671 00:27:24,880 --> 00:27:28,960 slip into that bat and sometimes I'll 672 00:27:27,080 --> 00:27:30,559 just completely underneath the bath and 673 00:27:28,960 --> 00:27:32,960 before I leave the house I try to drink 674 00:27:30,559 --> 00:27:35,000 the entire bath of coffee and that 675 00:27:32,960 --> 00:27:37,200 usually gives me enough energy to get to 676 00:27:35,000 --> 00:27:39,039 the studio well that explains a lot and 677 00:27:37,200 --> 00:27:40,360 gives our people the answer 678 00:27:39,039 --> 00:27:42,159 unfortunately that's all we've got time 679 00:27:40,360 --> 00:27:44,919 for this week you know how to reach us 680 00:27:42,159 --> 00:27:46,840 on Twitter at rtor sputnic and on 681 00:27:44,919 --> 00:27:49,600 Facebook you can like us on Sputnik on 682 00:27:46,840 --> 00:27:52,519 Russia today it's goodbye for me gri and 683 00:27:49,600 --> 00:27:56,840 for me George Gallow it's been 684 00:27:52,519 --> 00:27:56,840 marvelous bye y'all 685 00:27:58,440 --> 00:28:03,619 oh 686 00:28:00,520 --> 00:28:03,619 [Music] 687 00:28:06,620 --> 00:28:17,769 [Music]