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I get
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welcome to Sputnik orbiting the world
with me George Galloway and me gatri
Nigeria's president good luck Jonathan
hasn't enjoyed much in the way of good
luck under his presidency millions of
people in Northern Nigeria have been
displaced unique in the history of the
country even in the times of raging
secessionist War the Spectre of breakup
haunts this African Giant
the largest and richest country in the
continent B Haram and Al-Qaeda type
Insurgency group have lifted their
tactics from the burning of Life of
school girls and churchgoers to full
scale assaults on police stations and
army barracks claiming thousands of
lives displacing millions and promising
even Wars to come a state of emergency
was imposed nearly a year ago by the in
Congress named president good luuck but
it doesn't seem to be working the threat
grows ever larger and more violent on
top of all that Nigeria is bracing for a
food crisis the very mixture therefore
which 30 years ago made Ethiopia a
byward for a state of collapse joining
us on the Sputnik to discuss a subject
largely ignored by the Western media is
Economist and financial expert Chi
obiara Chidi thanks very much for coming
on the Sputnik here we have an Al-Qaeda
outfit once thought to be venomous and
wicked but small now effectively
creating a state of emergency in
Africa's arguably biggest most important
country uh and uh millions of people
displaced with a food crisis coming down
the
line that all uh adds up to a bit of a
disaster no um hello George thank you
for having me on your show um the the
the theory that um bah Haram uh
Nigeria's Northeast separatist movement
is linked to um alqaeda is based on the
supposition that a lot of weapons have
come down from North Africa via the
Islamic mreb um after the demise of
Colonel Gaddafi and that this this loose
link to um alqaeda is a a driving force
behind it but many analysts in Nigeria
are convinced that issues of of poverty
desertification um and and an imbalance
in the economy with with very poor
transport links are the key causes
rather than International terrorist
Spectre I mean there are it's a
contributing factor but I think it's a
question of balancing both internal and
external pressures because one hadn't
hither to imagined that Nigerian Muslims
were particularly inclined to extremism
of any kind are you really saying that
this can be economically fixed there's
always been an appropriate stereotype
that Nigerians will never kill
themselves for anything they're far more
interested in making money one way or
other than um sort of sacrificing
themselves for a broader ideological
goal it isn't part of the fabric of our
society I think that's one of the
reasons why many Nigerians talk about
the outside influences of the Islamic
nreb rather than the sort of interior uh
domestic uh political drivers but you
make an extremely valid point about why
it's important to develop the economic
base and alleviate Poverty of the
country both in the North in the South
as the most powerful tool against
political opportunists basically who
create movements like alqaeda Nigeria
should be of course extremely rich
everyone should be living comfortably in
Nigeria if it weren weren't for poor
governance and Corruption and uh
previous problems uh there would be none
of this but of course there are
secessionist Tendencies latent within
the state I'm old enough to remember one
in particular in bafra
uh which raged for years and which
produced images of horror uh that hadn't
actually been seen since the end of the
second world war you're confident that
Nigeria can remain a single state are
you but those are extremely powerful
questions um bafra was a formidably ugly
event uh in global history not just
Nigerian history Millions died Millions
more were starved to death and those
images of starving children remain
um in many people's minds now I think
ironically one of the reasons why
Nigeria probably will survive all this
is that Nigerians do not want to go
through that kind of process again
despite the fact that on this particular
occasion the cess sort of pressures are
coming from very different parts of the
country by the way but even this time
around we're all very very clear that
our strengths make us far more capable
as a nation than our constituent Parts
alone so within the context of solving
this problem goodlock Jonathan um our
president has called together a
constitutional group of
492 Statesmen who are right now as we
speak debating the future of the country
its Constitution and the way the federal
government relates to the constituent
state governments the thrust of the the
the conference is to talk about ways of
structuring Nigeria so that we don't
have individual groups of minorities who
feel that they are not loyal to the
center now within that context there
have been lots of ideas but one of the
most powerful ideas is the idea that
Commerce and ironically linking
different parts of the country better
makes everyone aim for higher mostly
economic goals rather than worry about
being politically disconnected or
disenfranchised there was a specific
group of people who've been talking
about building Africa's first highpe
Rail Link now I I kid you not when I
tell you this is a game changer because
along with the amazing economic news
that comes out of Nigeria on a daily
basis a high-speed train Link in this
part of Africa would change that sort of
region forever and I'm sure it would
change the Politics as well so a
constitutional convention is his first
response M uh the new economic policies
uh his second response meanwhile though
the Insurgency continues are the
Security Forces in Nigeria up to the
challenge
there is a vicious rather than virtuous
cycle in the way the northeast of the
country has tried to deal with this
Insurgency but in specific examples of
Acts for example you know the storming
of a secondary school in y um where 30
teenagers
were bound gagged and killed um the
outrage the entire nation
feels makes bah haram's activities
overshadow their apparent goals so you
get to a situation where we stop talking
about the causes of Bah Haram and the
solutions of Bah Haram and we transfix
ourselves on the actual acts of bam and
we need to move away from that this year
we are rebasing our economy in Nigeria
so we're going from a $260 billion
economy to a $400 billion doll economy
potentially now this will make the
Nigerian economy bigger than than
Denmark bigger than Switzerland bigger
than Singapore it's a game Cher that Dr
opposed against sort of political
discourse almost dwarfs it because if
you think about the idea that the world
could be seeing its first middle- inome
African country uh able to pull off big
projects employ millions of people trade
and liberate those people you begin to
realize that we're actually facing
something much wider and as I say
gamechanging than just solving a
specific political problem is this
President up to it he hasn't declared
whether or not he will run for president
he's quite clear uh that the
constitution allows him to but he hasn't
said if he's going to run or not uh I
think it'd be one of those episodes
where someone as underrated as goodlock
Jonathan takes a challenging position
and turns it into a spectacular
opportunity he could be the John Major
of uh Nigerian politics he could be the
Margaret ther of Nigerian politics yeah
but uh John Major was an unexpected uh
uh um change agent yes yeah uh now we we
can't because there is a danger of a
parallel universe uh in this
conversation I'm with you by the way on
everything that you have said but there
is a danger of a parallel universe
because as all these highspeed rail
links are being built and economic and
constitutional change is busily being
prepared even calized I believe
absolutely yes uh in the midst of all
that there's a fullscale war uh going on
this is not a group of uh you know 25
red Brigade terrorists in uh in Italy or
uh the Red Army fraction in Germany this
is an
army uh that is causing the displacement
as I set of millions is has killed
thousands is a real serious challenge to
the uh Nigerian uh military what do you
know about this boo Haram and how do you
therefore think we can see them defeated
again profound questions um the theories
about the formation of har am revolver
around a man called Muhammad yusf um
apparently in 2002 he set up this
resistance movement that was thought of
at the time as being sort of competition
between the the canri uh in boru and the
housea in sukutu so it was it was seen
as really being a sort of a northern
one-upmanship between two powerful uh
historic uh caliphates now things
changed a lot though um because in 2007
201 uh1 the new new government which
included goodlock Jonathan um didn't win
a lot of approval in the north as it
took over so there were some politicians
in the north who said they were going to
make Nigeria ungovernable bku Haram is
about um a local group in the northeast
of Nigeria who have an agenda that's
focused around bettering the northeast
of Nigeria because they they complain
about poverty rightly they complain
about corruption and what's what's come
out of that entire process is this
confusion I said ear on between the
tactics and the acts of Bah Haram and
the cause if we encourage agriculture in
this part of the country which has been
a staple for thousands of years if we
link it so that cultural produce can be
exported from the coast if we educate
the population in a way that doesn't
allow them to make statements like Boo
Haram you know books are
sinful if we go through that structural
change try and imagine how impressive
country we could have well I I I've
always felt that Nigeria uh could and I
hope will be a very impressive country
indeed I I I have no doubt that the
issues of poverty globally that cause
people to adopt an inappropriate
political stance uh may affect Nigeria
but I'm an optimist absolutely an optim
I could tell thank you very much indeed
it's been great have you on the Sputnik
coming up after the break is another
Optimist the one and only believe me Max
sker don't miss
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it hey remember that con Brothers movie
No Country for Old
Men how about No Country for young men
what's the most you ever lost on a coin
toss what's the most you ever lost on a
coin
toss you've been putting it up your
whole life you just didn't know
it call it yeah baby call it you stand
to win everything call it a top treasury
official warrant that Britain is
teetering on the edge of dangerous
housing bubble and prices in London are
rising so fast that Prince Charles says
there isn't sustainability and risk
driving away talented young individuals
in other words this is No Country for
young people
diplomacy led to breakthroughs in Syria
and Iran but it also strained relations
between the US and Saudi Arabia what
does the future hold for Washington Riad
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ties Cold War 2.0 there are those who
claim the manufactured crisis in Ukraine
is drawing new lines and defining new
geop political realities others are
dismissive they say the old cold war
never really came to an end so is Russia
and the West doomed to be
adversaries right from the
scene First Rate news and eyeg gripping
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pictures on our reporter's
Twitter and
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Instagram to be in the know follow us
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online welcome back to the Sputnik our
RT colleague Max Kaiser has become one
of the most watched commentators on the
globe The Huffington Post calls him the
most dangerous man in financial media
The Independent Newspaper calls him
America's most outrageous political
pundit and the Daily Dot calls him a
sharp articulate a narcissistic
Financial shock jck punching above his
weight but before all that Max invented
this virtual specialist technology that
not only Powers the Hollywood Stock
Exchange but also gave us one of the
world's first virtual currency the
Hollywood dollar now he's in the UK not
only hosting the kaisa report but also
launching several new companies
including the crowdfunding site St join
Max's effervescence is not just the
result of his unique personality but an
expression of the fact that he's almost
literally bursting with ideas about the
way things are and about the way things
could be it's a pleasure to welcome him
aboard the Sputnik Max we're actually in
outer space we're in outer space
we're there are no borders visible this
is unbelievable this is in technology
like I would never have imagined it and
of course the Union beat your country
into Yuri gagaran I was in five two days
ago well there's still a street called
Yuri Gagarin who's the first on the moon
George first on the moon yeah allegedly
allegedly although some people say it
was a Hollywood film set or it was in
the Arizona desert but will not be
distracted I want to start you you came
from a country the United States where
if you fall down Sick in the street the
doctor feels for your wallet before he
feels for your pulse
and now you're here boosting the British
National Health Service is this a
revelation to you yeah the NHS is a
jewel and I am part of the NHS because I
live here now and so the crowdfunding
site that I've started called start join
start a revolution join A revolution is
uh putting together some funding for
this film selloff uh this NHS film it's
a brilliant film I've seen a rough cut
on it and start join.com the site it's a
combination it's a revolution
combination of crowdfunding plus
cryptocurrencies like Bitcoin and I
think this will be a huge Revelation in
both funding and finance which puts
power back into the hands of people who
want to do things like transform the NHS
take power away from people like um uh
Jeremy Hunt For example the health
secretary the health secretary and on
that front George I what I've come up
with as an idea that I want to maybe
fund on start join this would be a a
pack of Na s terrorist playing cards now
you remember back during the Iraq War
Saddam Hussein and Tark aiz and the rest
yes so this is the Prototype so in other
words Jeremy Hunt who's probably the
number one Public Enemy Number One in
terms of the National Health Service and
it's just terrorist number one he would
be the Ace of Spades and then of course
you have uh McKenzie uh the Consulting
Group KPMG ernston young price waterhous
Cooper they're all these American
Consultants who have flown into this
country to basically engage
they want to Feast on what they hope
will be a corpse of what was the
greatest thing that Britain ever
achieved right there's 100 billion
pounds in the NHS worth of assets and
they're engaging what I would call
pinata economics where they're given a
big fat stick and they go to this NHS
which is a treasure trob of assets and
their stick is given to them by this
coalition government and they beat the
hell out of it looking for the candy the
candy is falling out these things are
being given to them free from the
government they borrow money free from
from the government at 0% interest rate
they break open they pry open the NHS
and they wore themselves all the assets
as as reward as lucra in what is
obviously a heist so this film which is
selloff is trying to get the people in
the UK to understand that this is it
this is the land the Line in the Sand
you can't have our NHS it's a brilliant
uh institution and they need crowd
funding and they get that through your
start jooin site start join.com that's
great the the uh the the crowdfunding
business is becoming itself big business
you and I uh have worked together on
this uh Tony Blair documentary which is
uh Gathering Pace I may tell you we're
also working on a movie together about
somebody the British public so far knows
little about but he's very very
important to the story of the last 20
years Kenny Lee where's Kenny Boy tell
us about it well Tony Blair remember it
wasn't blood for oil turned out it was
blood for oil and canl is kind of the
American connection to this massive o
oil empowered oligarchy that is
plundering the world kenlay of course
former head of Enron and Enron is really
a seminal case of financial Terror
terrorism or financialization using
corporate assets to create Financial
Futures contracts which dominate the
energy industry and this the tail
wagging the dog so you don't have
genuine price Discovery where the price
of oil reflects true supply and demand
but it's the paper contracts that are
driving the price and the paper is
driven by insiders who are manipulating
the price to fund things like political
campaigns for George Bush and others so
this is a story that we're going to go
pursue it's called where's Kenny boy
we're going to go to Paraguay we're
gonna find Kenny boy which we think he
might be still alive Al living in
Paraguay because that whole funeral
situation seemed to be a big fake talk
about the fake moonlanding this is could
be the fake Kenny boy death well let let
let's for the benefit of British viewers
just uh recap it quickly this is a man
who funded the George Bush Neo con
campaign George Bush flew on an Enron
jet into Florida for the controversial
crisis the recount over the Florida
result when he was first elected he was
then not Bush but Lei convicted of a
vast
fraud uh but just before he could be
sentenced and therefore his assets
seized he went off to Colorado and had a
very convenient heart attack which meant
his family could keep his wealth and uh
he was quickly cremated before anyone
from the federal government actually got
a good look inside the coffin and uh as
the smoke went up at the funeral there
was George Bush George Bush Senior even
Bill Clinton Hillary Clinton Donald
Rumsfeld they were all at the funeral of
a convicted fraud star and you and I
think he may not have actually been in
that box he may be where Paraguay so the
concept for where's Kenny boy this film
that we're crowdfunding on start join is
to to have you myself and others go down
to Paraguay and look for Kenny Kenny
kenlay which we think he's hiding out in
in this Paraguay in this in this Ranch
it's estate somewhere and of course on
our way there we're be going through
Texas so we'll meet up probably with
Alex Jones who's a friend of our show
and he's working on a show a movie
called uh with him right now called
bailout 2 which is the sequel to bailout
which is a film about the financial
crisis uh so we're trying to bring in
the global crowdfunding community and
the glob crypto Community the Bitcoin
Community the maxcoin community so
people can donate with Bitcoin yeah they
can use Bitcoin see the thing about
cryptocurrency and when you combine it
with crowdfunding to create this
revolution is that what's great about
cryptocurrency is that people can mine
their own currency so in Iceland when
they went through a tragic financial
crisis they've now mined their own
Aurora coin then they're Distributing it
to the people and the people now have
their new currency that's outside of the
corrupt banking system we see the same
thing possibly in Scotland we see the
same thing happening in Spain we see the
same thing happening for the Lakota
nation in North America who's been
victimized by 300 years of broken
treaties from the American government
they're now mining crypto mining their
own currency the mesac coin which is
immune from any government over uh
interference so this is true
Independence true Financial Independence
which of course is the key toward true
sovereignty I told you he was busting
with ideas the public when they knew you
were coming on Sputnik this week are
bursting with the questions Bo well clf
asked how can the financial Hony on
politics be broken or at least contained
well I think we now we talking about
this in terms of combining things like
crowdfunding and cryptocurrency and I've
already been through something very uh
interesting back in Hollywood when I
created the Hollywood Stock Exchange it
was considered so disruptive to the
Hollywood establishment that they went
after me in the same way they later went
after Aon Schwarz I literally had to
leave Hollywood to save my life because
they had people following me they they
were pursuing me because the technology
of dis disrupting the Hollywood model
with the Hollywood Stock Exchange was so
um they were so frightened by this that
they literally were were people
following me and this was a means by
which the public could pick the winners
yeah they could uh they could as it were
invest in Rising Stars and bring about
the falling I created their the
Hollywood their the own currency was
like the first virtual currency it has a
patent on that currency uh created The
Exchange created the technology to trade
these Securities so now suddenly the
entire industry was in the hands of the
public out of out outside of the hands
of the studios and they uh freaked out
essentially they thought I was joking at
first but then when they realized that
we had a million users and that the news
was covering prices on the Hollywood
Stock Exchange before the Hollywood news
before a variety before um Hollywood
Reporter uh they then went after me more
about currency um uh Ral simple asks
does he think you that the Russians and
the Chinese will get together and form a
new Reserve currency will the Russians
and Chinese form a new Reserve currency
I think the more the US uh tries to
expand the hegemony of the US dollar the
more they're forcing situations like
Russia and China to come together and
create maybe an asset back currency a
gold back currency there's only three
economies in the world left that are not
completely controlled by the US Federal
Reserve Bank that's China Russia and
Iran uh the policy of the US is to
double down in all their mistakes in
Afghanistan Iraq and elsewhere to try to
carry forward the Bad Bet into to
leveraging a new country we saw that in
Ukraine they were trying to take their
Road show of financial freakdom into
Ukraine it got rejected so in in betting
circles you would call this the
Martingale betting system which is the
idea that you can always bet on a losing
bet if you're at the roulette wheel and
you bet bet on red and as a loser you
double down and you keep doubling down
the theory being that you will
eventually win it's called the
Martingale betting system the US foreign
policy is the same thing they keep
losing wherever they go but they double
down Double Down Double Down
the theory being that eventually they
will win but I think now they're at the
wall where they're hitting against China
Russia Iran and and and the casino being
shut down because as they get out of the
dollar and they move into gold the
casino shut and the US you know hits the
skids well uh but it is uh a pressing
and Urgent matter isn't it Russia is now
being threatened with and in some uh to
some extent already facing now
sanctions uh China will be next yet
China holds more dollars than the United
States Treasury holds it's two and a
half very powerful economies you're
talking about there Chinese Russian and
Iran they could have their own currency
no well actually this a very specific
question about that from Robert saying
will China act to kill the dollar or
live it being encircled by the US
expanding deficit funded military a good
point I mean the the the threat to China
is very real and present why doesn't
China take this opportunity
they have been taking this opportunity
Over The Last 5 Years both China and
Russia have been buying record amounts
of gold so as the paper world of the
America's a paper empire built on fiat
currency and if you don't buy their
bonds they bomb you so that's America's
foreign paper tiger right if you nowly
if if they're going to say we're not
going to take that paper anymore and the
world shifts from a paperback currency
to Resource back currency or gold back
currency then the us is going to be
holding a very poor hand in that
geopolitical situation they're going to
be holding a pair of twos against Russia
China Iran will be having you know four
aces of gold and they've been buying
gold and record amounts that's why gold
prices have been inching up you know for
the last 5 10 years uh in the last two
years or three years gold has been
subjected to the same kind of Market
manipulation that I talked about earlier
in the show where the paper price of
gold is knocked down with paper Futures
contracts that they're financed with 0%
interest rates but once that game ends
you see a gap in gold gold moves up to
two three $4,000 an ounce suddenly he
who has the most gold is making the
rules that would be China Russia and
their friend Iran Del strain comedian
ask what kind of coffee do you drink and
can it be uh in UK water supply to
living up the
masses well usually I like to take an
Arabic um Arabic uh bath so I draw a
bath and I fill my entire bathtub with
uh black with and then I just I I I I
slip into that bat and sometimes I'll
just completely underneath the bath and
before I leave the house I try to drink
the entire bath of coffee and that
usually gives me enough energy to get to
the studio well that explains a lot and
gives our people the answer
unfortunately that's all we've got time
for this week you know how to reach us
on Twitter at rtor sputnic and on
Facebook you can like us on Sputnik on
Russia today it's goodbye for me gri and
for me George Gallow it's been
marvelous bye y'all
oh
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