1 00:00:00,740 --> 00:00:04,799 [Music] 2 00:00:27,810 --> 00:00:31,960 [Music] 3 00:00:28,960 --> 00:00:31,960 I 4 00:00:33,760 --> 00:00:38,960 welcome to Sputnik orbiting the world 5 00:00:35,800 --> 00:00:41,399 with me George Galloway and me G China 6 00:00:38,960 --> 00:00:43,800 has the largest economy and the largest 7 00:00:41,399 --> 00:00:45,960 population and the largest armed forces 8 00:00:43,800 --> 00:00:48,960 in the world and one day it will be the 9 00:00:45,960 --> 00:00:51,480 world's most important country last week 10 00:00:48,960 --> 00:00:54,000 however a fall in the phenomenal growth 11 00:00:51,480 --> 00:00:56,520 rate achieved by the communist state 12 00:00:54,000 --> 00:00:58,519 sent a shock wave around the capitalist 13 00:00:56,520 --> 00:01:00,559 World it used to be said that when 14 00:00:58,519 --> 00:01:03,480 America sneezes the rest of the world 15 00:01:00,559 --> 00:01:06,439 called a cold is this therefore the 16 00:01:03,480 --> 00:01:09,080 start of a new Asian flu or is it a 17 00:01:06,439 --> 00:01:11,560 hiccup rather than a racking cough who 18 00:01:09,080 --> 00:01:14,000 better to turn to for answers than 19 00:01:11,560 --> 00:01:16,240 Professor Steve Keen of Kingston 20 00:01:14,000 --> 00:01:19,400 University Professor Steve thanks very 21 00:01:16,240 --> 00:01:22,400 much for coming back on the Sputnik how 22 00:01:19,400 --> 00:01:24,560 alarmed were you by what happened last 23 00:01:22,400 --> 00:01:26,520 week in the markets and what does that 24 00:01:24,560 --> 00:01:28,560 actually mean not the least bit alarmed 25 00:01:26,520 --> 00:01:30,640 amused more than alarmed because this 26 00:01:28,560 --> 00:01:33,200 has been coming for some time 27 00:01:30,640 --> 00:01:35,320 and it's all for two reasons one is that 28 00:01:33,200 --> 00:01:37,560 the QE has basically pumped up asset 29 00:01:35,320 --> 00:01:39,200 prices quantitative quantive easing 30 00:01:37,560 --> 00:01:41,079 printing of money it's not the printing 31 00:01:39,200 --> 00:01:43,240 of money it's the printing of reserves 32 00:01:41,079 --> 00:01:44,920 that actually they circulate like it's 33 00:01:43,240 --> 00:01:46,640 like the oil and the Petrol in a car 34 00:01:44,920 --> 00:01:47,920 engine so what the what the Federal 35 00:01:46,640 --> 00:01:50,280 Reserve has been doing is pumping up the 36 00:01:47,920 --> 00:01:51,759 oil not the not not the petrol which is 37 00:01:50,280 --> 00:01:53,119 nonsense they shouldn't be doing it but 38 00:01:51,759 --> 00:01:54,799 what actually happens with that is the 39 00:01:53,119 --> 00:01:56,840 banks and the people who receive the 40 00:01:54,799 --> 00:01:58,600 money who are normally Pension funds in 41 00:01:56,840 --> 00:02:00,680 England all they can do with that money 42 00:01:58,600 --> 00:02:03,079 is buy assets which is driv asset prices 43 00:02:00,680 --> 00:02:05,880 up even higher without the Justified 44 00:02:03,079 --> 00:02:07,439 profit returns that that actually 45 00:02:05,880 --> 00:02:09,800 ultimately what you have to have to 46 00:02:07,439 --> 00:02:12,040 justify share valuation so they've been 47 00:02:09,800 --> 00:02:13,599 pushed far too high and now of course as 48 00:02:12,040 --> 00:02:15,879 soon as they start to take QE out that 49 00:02:13,599 --> 00:02:17,160 starts to fall down so there the 50 00:02:15,879 --> 00:02:18,440 fragility we're seeing in the market 51 00:02:17,160 --> 00:02:19,720 I've been expecting for some time and 52 00:02:18,440 --> 00:02:21,599 I'm thoroughly enjoying what so where 53 00:02:19,720 --> 00:02:24,200 does China fit in and what China's 54 00:02:21,599 --> 00:02:26,319 getting the blame for it China does have 55 00:02:24,200 --> 00:02:28,879 part of the part of the causal Factor as 56 00:02:26,319 --> 00:02:31,040 well because the reason China went 57 00:02:28,879 --> 00:02:32,840 through the financial crisis 58 00:02:31,040 --> 00:02:35,280 and came out the other side with growth 59 00:02:32,840 --> 00:02:36,760 is they turned on the capitalist spigot 60 00:02:35,280 --> 00:02:39,360 they haven't previously accessed on a 61 00:02:36,760 --> 00:02:41,159 grand scale which is credit and they 62 00:02:39,360 --> 00:02:43,040 basically this the banks which are 63 00:02:41,159 --> 00:02:44,959 largely State dominated in State control 64 00:02:43,040 --> 00:02:46,480 but lended the private sector we just 65 00:02:44,959 --> 00:02:48,720 basically told lend to anybody with a 66 00:02:46,480 --> 00:02:50,239 pulse and you therefore had an enormous 67 00:02:48,720 --> 00:02:52,080 property bubble which began in China we 68 00:02:50,239 --> 00:02:55,120 all know about these Phantom cities and 69 00:02:52,080 --> 00:02:58,000 so on in China uh that was driven by 70 00:02:55,120 --> 00:03:00,400 private debt in China growing by up to 71 00:02:58,000 --> 00:03:02,400 as high as 30% of GDP increase in 72 00:03:00,400 --> 00:03:06,040 private debt in one single year 73 00:03:02,400 --> 00:03:08,080 averaging about 25% of GDP per year and 74 00:03:06,040 --> 00:03:10,200 my argument which sets me apart from 75 00:03:08,080 --> 00:03:12,280 virtually all economists is to say that 76 00:03:10,200 --> 00:03:14,440 demand in the economy is the sum of 77 00:03:12,280 --> 00:03:16,799 turnover of existing money plus the 78 00:03:14,440 --> 00:03:19,799 injection of new debt what that means is 79 00:03:16,799 --> 00:03:21,920 China was getting about 1.25 times its 80 00:03:19,799 --> 00:03:24,239 economy every year now when you keep on 81 00:03:21,920 --> 00:03:26,239 doing that when your debts going at 25% 82 00:03:24,239 --> 00:03:28,959 per anom and your GDP is growing at 83 00:03:26,239 --> 00:03:30,760 about 10% your debt ratio Rises 84 00:03:28,959 --> 00:03:32,319 dramatically and that's happened China's 85 00:03:30,760 --> 00:03:36,159 gone from a private debt ratio of about 86 00:03:32,319 --> 00:03:38,280 100% of GDP roughly in 2009 to 200 87 00:03:36,159 --> 00:03:40,000 something per now now you simply can't 88 00:03:38,280 --> 00:03:42,640 sustain that why did they do 89 00:03:40,000 --> 00:03:44,920 that because when the global financial 90 00:03:42,640 --> 00:03:47,040 crisis hit China's exports plunged they 91 00:03:44,920 --> 00:03:48,360 lost something of the order of 40% fall 92 00:03:47,040 --> 00:03:50,239 in their export volume they tried to 93 00:03:48,360 --> 00:03:51,480 replace that by domestic demand 94 00:03:50,239 --> 00:03:52,720 political pressure is behind it as well 95 00:03:51,480 --> 00:03:54,439 as you can imagine because so many 96 00:03:52,720 --> 00:03:55,680 people had jobs in the sea in the cities 97 00:03:54,439 --> 00:03:58,400 lost them and had to return to the 98 00:03:55,680 --> 00:04:00,159 countryside a huge reverse migration and 99 00:03:58,400 --> 00:04:02,159 was either facing the political 100 00:04:00,159 --> 00:04:03,760 consequences that could have led to or 101 00:04:02,159 --> 00:04:05,680 try to restimulate growth and they they 102 00:04:03,760 --> 00:04:09,159 hit the credits big seems to me to 103 00:04:05,680 --> 00:04:12,280 suggest that China's economic uh 104 00:04:09,159 --> 00:04:14,439 strength and its uh huge advances kind 105 00:04:12,280 --> 00:04:15,959 of built on Sand not completely because 106 00:04:14,439 --> 00:04:17,759 when you do go there you do see there's 107 00:04:15,959 --> 00:04:19,440 an incredible range of industry and they 108 00:04:17,759 --> 00:04:21,400 were really were very very successful on 109 00:04:19,440 --> 00:04:23,040 the original program I was actually in 110 00:04:21,400 --> 00:04:26,320 the shenzong free train Zone when the 111 00:04:23,040 --> 00:04:27,680 concrete was being laid for it 1981 82 112 00:04:26,320 --> 00:04:28,800 and I met with the managers who were 113 00:04:27,680 --> 00:04:30,639 actually doing that and they were the 114 00:04:28,800 --> 00:04:32,720 first people in China apart from the 115 00:04:30,639 --> 00:04:34,840 journalist I was traveling with uh who 116 00:04:32,720 --> 00:04:36,840 really impressed me because they had a 117 00:04:34,840 --> 00:04:39,360 plan and it made absolute sense that was 118 00:04:36,840 --> 00:04:41,320 that there's a particular segment of the 119 00:04:39,360 --> 00:04:43,280 CH American Trade act that allows the 120 00:04:41,320 --> 00:04:44,720 reimport of products that have been 121 00:04:43,280 --> 00:04:46,639 exported and processed in the third 122 00:04:44,720 --> 00:04:48,240 world country without paying any tariff 123 00:04:46,639 --> 00:04:49,600 so the Chinese knew about that they were 124 00:04:48,240 --> 00:04:51,639 exploiting that to attract American 125 00:04:49,600 --> 00:04:52,880 multinationals to establish over there 126 00:04:51,639 --> 00:04:54,759 they were then offering them incredibly 127 00:04:52,880 --> 00:04:56,600 low wages which of course was what the 128 00:04:54,759 --> 00:04:58,639 most of Southeast Asia was doing to 129 00:04:56,600 --> 00:05:00,440 attract capitalist investment at that 130 00:04:58,639 --> 00:05:01,840 stage anyway but they added the 131 00:05:00,440 --> 00:05:04,120 condition that the firm had to have a 132 00:05:01,840 --> 00:05:06,039 Chinese partner and I think with either 133 00:05:04,120 --> 00:05:08,400 five or seven years the Chinese partner 134 00:05:06,039 --> 00:05:10,039 had to earn 50% of the business so what 135 00:05:08,400 --> 00:05:11,759 they were doing is creating a capitalist 136 00:05:10,039 --> 00:05:13,919 class and then also getting that 137 00:05:11,759 --> 00:05:15,680 technology because being dominated by 138 00:05:13,919 --> 00:05:17,440 Engineers the Communist Party wanted 139 00:05:15,680 --> 00:05:19,280 that engineering of the West to be 140 00:05:17,440 --> 00:05:20,520 brought across so dramatic success in 141 00:05:19,280 --> 00:05:21,800 doing that they built all these huge 142 00:05:20,520 --> 00:05:23,800 capitalist corporations which are 143 00:05:21,800 --> 00:05:26,000 Chinese owned now so that's the real 144 00:05:23,800 --> 00:05:28,039 base but just like Japan got into a 145 00:05:26,000 --> 00:05:30,280 bubble economy in 1980 and tried to 146 00:05:28,039 --> 00:05:33,400 credit its way to growth and rise asset 147 00:05:30,280 --> 00:05:35,319 prices with a socalled Bastion of growth 148 00:05:33,400 --> 00:05:36,639 it all collapses because you cannot 149 00:05:35,319 --> 00:05:39,080 sustain that rate of growth of debt 150 00:05:36,639 --> 00:05:41,240 indefinitely and when it slows down your 151 00:05:39,080 --> 00:05:43,639 economic performance collapses and Japan 152 00:05:41,240 --> 00:05:44,960 effectively has collapsed Japan Japan's 153 00:05:43,639 --> 00:05:46,639 growth rate went FR just been doing the 154 00:05:44,960 --> 00:05:50,080 numbers on it recently average growth 155 00:05:46,639 --> 00:05:53,880 rate in Japan in real turns from uh from 156 00:05:50,080 --> 00:05:55,680 25 years before 1965 to 1990s to 25 157 00:05:53,880 --> 00:05:58,479 years the average growth rate was about 158 00:05:55,680 --> 00:06:01,560 5% per anom since 1990 the average 159 00:05:58,479 --> 00:06:04,080 growth rate has been I think. 3% 160 00:06:01,560 --> 00:06:06,840 perom I mean I'm old enough to remember 161 00:06:04,080 --> 00:06:10,639 when Japan was the coming the Rising Sun 162 00:06:06,840 --> 00:06:12,440 The Rising Sun now it's set is the same 163 00:06:10,639 --> 00:06:14,240 potentially likely to happen to China 164 00:06:12,440 --> 00:06:16,199 yes it's possible and what worries me is 165 00:06:14,240 --> 00:06:18,560 that China there isn't there is a 166 00:06:16,199 --> 00:06:21,199 relatively easy solution to this the 167 00:06:18,560 --> 00:06:23,160 whole cause of this uh the growth was 168 00:06:21,199 --> 00:06:25,880 out of encouraging increase in debt the 169 00:06:23,160 --> 00:06:27,479 debt leave it up asset prices what then 170 00:06:25,880 --> 00:06:29,840 happened for this is both Japan and 171 00:06:27,479 --> 00:06:31,919 China in the aftermath the design was to 172 00:06:29,840 --> 00:06:33,120 keep those asset prices High what they 173 00:06:31,919 --> 00:06:34,639 should have done is say The Leverage is 174 00:06:33,120 --> 00:06:37,199 too high Drop The Leverage use the 175 00:06:34,639 --> 00:06:38,479 state's capacity to create money and and 176 00:06:37,199 --> 00:06:40,560 the government as well as Banks can 177 00:06:38,479 --> 00:06:43,039 create money that you could have reduced 178 00:06:40,560 --> 00:06:45,639 that debt burden the debt burden dropped 179 00:06:43,039 --> 00:06:47,560 the asset prices as a result but not had 180 00:06:45,639 --> 00:06:50,120 people go bankrupt by using the state's 181 00:06:47,560 --> 00:06:52,199 you know money to replace their their 182 00:06:50,120 --> 00:06:53,479 debt Le debt created money that could 183 00:06:52,199 --> 00:06:55,080 have got the Chinese the Japanese out of 184 00:06:53,479 --> 00:06:56,759 it the the Chinese could do the same 185 00:06:55,080 --> 00:06:58,520 thing but what worries me is they're 186 00:06:56,759 --> 00:07:00,639 falling back into trying to maintain 187 00:06:58,520 --> 00:07:02,240 those growth rates of asset prices like 188 00:07:00,639 --> 00:07:04,520 they were wheat production targets back 189 00:07:02,240 --> 00:07:08,280 in the 1960s and that simply is going to 190 00:07:04,520 --> 00:07:11,759 fail isn't this uh flow from the big 191 00:07:08,280 --> 00:07:13,840 question of whether China is fish or F 192 00:07:11,759 --> 00:07:16,080 uh is it capital is it capitalist or is 193 00:07:13,840 --> 00:07:17,800 it communist because as you describe it 194 00:07:16,080 --> 00:07:20,680 you're of course an eminent Economist 195 00:07:17,800 --> 00:07:25,240 and I've only got a school pass in it 196 00:07:20,680 --> 00:07:26,840 I'll be it an a pass uh the what it 197 00:07:25,240 --> 00:07:28,919 seems to me the main the principle 198 00:07:26,840 --> 00:07:32,639 fundamental difference between socialism 199 00:07:28,919 --> 00:07:34,199 and and capitalism is that capitalism 200 00:07:32,639 --> 00:07:36,080 you're talking about keeping asset 201 00:07:34,199 --> 00:07:37,879 prices high and so on the rest of the 202 00:07:36,080 --> 00:07:40,199 people who don't have the assets have no 203 00:07:37,879 --> 00:07:42,599 interest in exactly the high price of 204 00:07:40,199 --> 00:07:45,199 assets what they want is the creation of 205 00:07:42,599 --> 00:07:48,879 more assets or more Goods so that we can 206 00:07:45,199 --> 00:07:52,199 spread them uh more equally amongst the 207 00:07:48,879 --> 00:07:55,520 mass of the people does this portend 208 00:07:52,199 --> 00:07:58,520 therefore uh the collapse of the Chinese 209 00:07:55,520 --> 00:08:01,400 attempt to synthesize communism and 210 00:07:58,520 --> 00:08:03,240 capitalism could if they try to continue 211 00:08:01,400 --> 00:08:05,560 pushing those asset prices high if they 212 00:08:03,240 --> 00:08:08,120 if if they realize look the asset price 213 00:08:05,560 --> 00:08:09,720 inflation was a mistake we can reverse 214 00:08:08,120 --> 00:08:11,879 it with the state's capacity to create 215 00:08:09,720 --> 00:08:14,280 money to cancel that debt reduce the 216 00:08:11,879 --> 00:08:16,000 leverage do it in a fair fashion so 217 00:08:14,280 --> 00:08:18,639 people who didn't speculate also get 218 00:08:16,000 --> 00:08:20,479 money which is the modern Deb ju I've I 219 00:08:18,639 --> 00:08:22,520 I've been pushing for almost a decade 220 00:08:20,479 --> 00:08:24,800 now they could get out of it but the 221 00:08:22,520 --> 00:08:27,360 trouble is if they try to maintain it 222 00:08:24,800 --> 00:08:30,759 then it won't simply won't work because 223 00:08:27,360 --> 00:08:33,640 that level of Leverage is so High the 224 00:08:30,759 --> 00:08:34,959 gearing is so high that to maintain it 225 00:08:33,640 --> 00:08:36,760 you have to actually increase the 226 00:08:34,959 --> 00:08:38,120 gearing you can't just sort of Flatline 227 00:08:36,760 --> 00:08:40,640 if you Flatline at the level of debt 228 00:08:38,120 --> 00:08:42,399 they've got now asset prices will fall 229 00:08:40,640 --> 00:08:44,240 so if they try to continue increasing it 230 00:08:42,399 --> 00:08:46,160 you get a level of debt ultimately you 231 00:08:44,240 --> 00:08:47,959 can't service and you go bankrupt so 232 00:08:46,160 --> 00:08:52,880 what do this all mean for the world you 233 00:08:47,959 --> 00:08:56,120 say you you you were quietly pleased at 234 00:08:52,880 --> 00:08:59,720 the correction that this uh 235 00:08:56,120 --> 00:09:01,920 caused uh but some people are pan pcking 236 00:08:59,720 --> 00:09:04,360 I was in a bank the other day and 237 00:09:01,920 --> 00:09:07,600 they're panicking about the idea that 238 00:09:04,360 --> 00:09:09,640 another 2008 style crash might be on it 239 00:09:07,600 --> 00:09:11,279 and then the housing bubble will finally 240 00:09:09,640 --> 00:09:12,760 pop through well it's certainly there 241 00:09:11,279 --> 00:09:15,320 there's going to be a 2008 crash in 242 00:09:12,760 --> 00:09:17,600 China it's happening now okay they might 243 00:09:15,320 --> 00:09:18,839 be able to save it off by Rel leveraging 244 00:09:17,600 --> 00:09:21,200 which is what Australia did to get out 245 00:09:18,839 --> 00:09:22,880 of its crisis back in 2008 but there're 246 00:09:21,200 --> 00:09:24,560 so highly lever it already that the room 247 00:09:22,880 --> 00:09:26,120 for that is really quite minimal so 248 00:09:24,560 --> 00:09:27,240 there will be a crash in China no matter 249 00:09:26,120 --> 00:09:29,000 what they do it's question of how they 250 00:09:27,240 --> 00:09:30,680 handle the crash in the rest of the 251 00:09:29,000 --> 00:09:33,519 world in particular America and England 252 00:09:30,680 --> 00:09:34,760 in particular we have delived from the 253 00:09:33,519 --> 00:09:38,120 really high levels of death that 254 00:09:34,760 --> 00:09:39,959 occurred in 2008 but not a lot CH 255 00:09:38,120 --> 00:09:42,880 Britain's come down from a private debt 256 00:09:39,959 --> 00:09:44,519 ratio of 200% down to 170% and it's 257 00:09:42,880 --> 00:09:47,000 still slowly 258 00:09:44,519 --> 00:09:49,079 reducing uh when you have a huge crash 259 00:09:47,000 --> 00:09:51,200 like 2008 it's because you've got Rising 260 00:09:49,079 --> 00:09:52,680 debt adding to demand and then suddenly 261 00:09:51,200 --> 00:09:54,399 you go to Falling debt which subtracts 262 00:09:52,680 --> 00:09:56,120 from demand if you haven't had much 263 00:09:54,399 --> 00:09:57,800 Rising debt you don't have much you it's 264 00:09:56,120 --> 00:09:59,519 like you're jumping off that rather than 265 00:09:57,800 --> 00:10:02,360 jumping off the ladder you know you 266 00:09:59,519 --> 00:10:04,320 don't fall as as as hard so I expect 267 00:10:02,360 --> 00:10:06,760 stagnation for the West rather than a 268 00:10:04,320 --> 00:10:08,800 big crunch like 2008 but a definite 269 00:10:06,760 --> 00:10:10,680 crash for China and if if you're talking 270 00:10:08,800 --> 00:10:12,600 about you know the Chinese economy's 271 00:10:10,680 --> 00:10:14,480 demand dropping so that the change in 272 00:10:12,600 --> 00:10:17,079 debt is no longer sucking in goods from 273 00:10:14,480 --> 00:10:19,200 Canada and Australia and and so on you 274 00:10:17,079 --> 00:10:21,320 could look at something like about one 275 00:10:19,200 --> 00:10:22,600 quarter of the Chinese GDP effectively 276 00:10:21,320 --> 00:10:24,360 in terms of demand for the rest of the 277 00:10:22,600 --> 00:10:26,360 world's Goods about one quarter of that 278 00:10:24,360 --> 00:10:27,920 disappearing from Global demand now 279 00:10:26,360 --> 00:10:29,600 that's definitely going to suck energy 280 00:10:27,920 --> 00:10:32,399 out of the rest of the world economy let 281 00:10:29,600 --> 00:10:34,800 me ask you the idiot question that I 282 00:10:32,399 --> 00:10:40,480 asked on Twitter uh the other day and 283 00:10:34,800 --> 00:10:43,560 didn't get a reply if if oil is so cheap 284 00:10:40,480 --> 00:10:45,760 and borrowing money is so cheap how come 285 00:10:43,560 --> 00:10:47,240 capitalism isn't booming because there's 286 00:10:45,760 --> 00:10:49,920 too much debt already and this is the 287 00:10:47,240 --> 00:10:51,279 the real secret you the conventional 288 00:10:49,920 --> 00:10:53,040 economics can't understand this because 289 00:10:51,279 --> 00:10:55,320 their idea about about debt is you know 290 00:10:53,040 --> 00:10:57,880 George lenss to Steve and then Steve 291 00:10:55,320 --> 00:10:59,680 repays George Well I lose the when I 292 00:10:57,880 --> 00:11:01,440 repay you I lose spending power but you 293 00:10:59,680 --> 00:11:03,639 gain it so you your extra spending 294 00:11:01,440 --> 00:11:04,880 capacity offsets my decline that's what 295 00:11:03,639 --> 00:11:07,399 they think about banking which is 296 00:11:04,880 --> 00:11:09,800 nonsense in in banking we I borrow from 297 00:11:07,399 --> 00:11:11,760 a bank and I then add to demand without 298 00:11:09,800 --> 00:11:13,440 affecting your demand and then if iay 299 00:11:11,760 --> 00:11:17,000 repay the bank I take money out of 300 00:11:13,440 --> 00:11:19,800 circulation and that cuts demand so when 301 00:11:17,000 --> 00:11:21,160 you get a high level of of debt to Banks 302 00:11:19,800 --> 00:11:23,200 you get to a point where people will not 303 00:11:21,160 --> 00:11:25,079 take on more debt and what that means is 304 00:11:23,200 --> 00:11:27,000 the credit growth which has been part of 305 00:11:25,079 --> 00:11:28,600 what stimulated demand and therefore 306 00:11:27,000 --> 00:11:30,760 production for the previous 10 or 15 307 00:11:28,600 --> 00:11:32,040 years is suddenly not there and when 308 00:11:30,760 --> 00:11:34,800 you're talking about credit growing at 309 00:11:32,040 --> 00:11:36,959 the rate of say 10 20% of GDP per anom 310 00:11:34,800 --> 00:11:39,200 that's a huge hit to the level of demand 311 00:11:36,959 --> 00:11:40,760 in the economy and then you slump and 312 00:11:39,200 --> 00:11:43,720 that's why we've got just so there's so 313 00:11:40,760 --> 00:11:45,639 much debt there nobody wants to borrow 314 00:11:43,720 --> 00:11:47,839 and with that low level of borrowing low 315 00:11:45,639 --> 00:11:50,160 credit growth and one major component of 316 00:11:47,839 --> 00:11:51,920 aggregate demand is gone Professor Steve 317 00:11:50,160 --> 00:11:54,000 you're one of the few people who makes 318 00:11:51,920 --> 00:11:57,079 economics sound like common sense I must 319 00:11:54,000 --> 00:11:59,240 say thanks for joining us on the Sputnik 320 00:11:57,079 --> 00:12:01,760 coming up after the break the woman 321 00:11:59,240 --> 00:12:04,440 woman who inadvertently introduced me to 322 00:12:01,760 --> 00:12:07,320 my wife Tony Blair's sister-in-law 323 00:12:04,440 --> 00:12:09,760 broadcaster and journalist Lauren Booth 324 00:12:07,320 --> 00:12:09,760 don't miss 325 00:12:12,040 --> 00:12:18,199 it welcome back to Sputnik I met gatri 326 00:12:16,160 --> 00:12:20,360 at a conference in Leiden in the 327 00:12:18,199 --> 00:12:23,399 Netherlands but she hadn't come to hear 328 00:12:20,360 --> 00:12:25,399 me in fact she'd never heard of me I 329 00:12:23,399 --> 00:12:27,920 actually came to hear Lauren boo whose 330 00:12:25,399 --> 00:12:29,560 conversion to Islam had fascinated me 331 00:12:27,920 --> 00:12:31,320 little did I know that at soon be 332 00:12:29,560 --> 00:12:34,320 married to one of her supporting 333 00:12:31,320 --> 00:12:38,920 speakers I'm glad to say he joins us now 334 00:12:34,320 --> 00:12:38,920 but before that I ask the public the big 335 00:12:39,959 --> 00:12:44,560 question now what do you think of David 336 00:12:42,519 --> 00:12:48,880 Cameron linking Muslim women's language 337 00:12:44,560 --> 00:12:52,079 ability to extremism or even terrorism I 338 00:12:48,880 --> 00:12:55,160 think he said he sometimes tends to talk 339 00:12:52,079 --> 00:12:57,480 from his immediate emotion and feeling 340 00:12:55,160 --> 00:12:59,480 and and I sometimes feel that he just 341 00:12:57,480 --> 00:13:01,320 needs to take a back step a little bit 342 00:12:59,480 --> 00:13:03,240 it helps the Muslim women to if they 343 00:13:01,320 --> 00:13:04,920 speak English I do agree I think if you 344 00:13:03,240 --> 00:13:06,560 live in a country you should speak the 345 00:13:04,920 --> 00:13:09,519 language especially if you've been here 346 00:13:06,560 --> 00:13:12,000 for a long time but I don't know how 347 00:13:09,519 --> 00:13:13,720 helpful and how much link it's got to do 348 00:13:12,000 --> 00:13:15,839 with extremism I don't think that's an 349 00:13:13,720 --> 00:13:18,440 assumption you can make um just because 350 00:13:15,839 --> 00:13:20,000 if the their language isn't as you know 351 00:13:18,440 --> 00:13:21,240 if they're not speaking English as well 352 00:13:20,000 --> 00:13:22,760 as others I wouldn't say that means that 353 00:13:21,240 --> 00:13:24,680 automatically means they must be linked 354 00:13:22,760 --> 00:13:27,519 in some way to terrorism or something 355 00:13:24,680 --> 00:13:27,519 not at all I wouldn't 356 00:13:28,120 --> 00:13:35,839 agree Lauren when you converted to Islam 357 00:13:32,399 --> 00:13:39,480 did you expect it to be so difficult for 358 00:13:35,839 --> 00:13:42,480 a Muslim woman um it's not difficult 359 00:13:39,480 --> 00:13:44,360 being a Muslim woman it is quite 360 00:13:42,480 --> 00:13:45,760 crushing to read about yourself 361 00:13:44,360 --> 00:13:48,360 consistently in the 362 00:13:45,760 --> 00:13:51,920 newspapers as uh someone who's either 363 00:13:48,360 --> 00:13:54,440 lost their mind or has joined uh some uh 364 00:13:51,920 --> 00:13:56,000 extremist faction I think that is that 365 00:13:54,440 --> 00:13:58,639 is the difficulty and the pressure the 366 00:13:56,000 --> 00:14:01,120 being Muslim that's easy well yes 367 00:13:58,639 --> 00:14:03,360 because you see in media and you must 368 00:14:01,120 --> 00:14:05,880 feel it around you as well in on the 369 00:14:03,360 --> 00:14:08,320 streets do you feel pressure especially 370 00:14:05,880 --> 00:14:10,639 being a white woman wearing a hijab I 371 00:14:08,320 --> 00:14:13,600 think um when I first came to Islam six 372 00:14:10,639 --> 00:14:16,480 years ago I was so PR proud of londoners 373 00:14:13,600 --> 00:14:19,000 who showed no interest at all actually U 374 00:14:16,480 --> 00:14:21,600 I'm tall uh I'm 6 foot I'm white- 375 00:14:19,000 --> 00:14:24,240 skinned now it's changed the hijab 376 00:14:21,600 --> 00:14:26,800 number one people are feeling aggressive 377 00:14:24,240 --> 00:14:28,480 80% of attacks on women according to one 378 00:14:26,800 --> 00:14:32,199 study were were those who were wearing 379 00:14:28,480 --> 00:14:34,959 the hijab or the nikab 80% of uh 380 00:14:32,199 --> 00:14:37,120 islamophobic islamophobic attacks and 381 00:14:34,959 --> 00:14:38,839 now as a white woman coming to Islam 382 00:14:37,120 --> 00:14:41,480 that wasn't a problem until recently and 383 00:14:38,839 --> 00:14:43,720 we saw this week Jack Le's a young 384 00:14:41,480 --> 00:14:45,480 Syrian young British Aid worker going to 385 00:14:43,720 --> 00:14:47,440 Syria Jack they called him had Jack 386 00:14:45,480 --> 00:14:48,959 ready with his own alliterative name 387 00:14:47,440 --> 00:14:51,040 which is which is Handy for the Press 388 00:14:48,959 --> 00:14:52,639 turned out to be Obie bunam turned out 389 00:14:51,040 --> 00:14:54,199 to that that he's just over there his 390 00:14:52,639 --> 00:14:55,680 family knows where he is he's a charity 391 00:14:54,199 --> 00:14:57,240 worker and he's a charity worker and 392 00:14:55,680 --> 00:14:58,800 they've the newspapers have gone out 393 00:14:57,240 --> 00:15:01,560 their way to destroy his family's life 394 00:14:58,800 --> 00:15:03,160 and humiliate him um and you know this 395 00:15:01,560 --> 00:15:04,800 thing about white Muslim convert really 396 00:15:03,160 --> 00:15:06,199 is making headlines now and you have to 397 00:15:04,800 --> 00:15:09,519 see that are we going to be the new 398 00:15:06,199 --> 00:15:12,360 Target if so why what is the agenda 399 00:15:09,519 --> 00:15:15,279 David Cameron who has not a few problems 400 00:15:12,360 --> 00:15:18,759 of his own domestically and 401 00:15:15,279 --> 00:15:23,680 internationally uh nonetheless took time 402 00:15:18,759 --> 00:15:27,079 to launch two attacks on Muslim women uh 403 00:15:23,680 --> 00:15:30,079 in the last week or two first of all he 404 00:15:27,079 --> 00:15:32,959 said that uh Muslim women not being able 405 00:15:30,079 --> 00:15:36,440 to speak English well enough may be a 406 00:15:32,959 --> 00:15:39,199 contributing factor to extremism even 407 00:15:36,440 --> 00:15:41,480 terrorism even though most Muslim women 408 00:15:39,199 --> 00:15:43,079 speak English perfectly well most of the 409 00:15:41,480 --> 00:15:45,959 women who can't speak English well are 410 00:15:43,079 --> 00:15:48,920 not Muslim never mind these inconvenient 411 00:15:45,959 --> 00:15:51,600 facts uh and secondly that a small piece 412 00:15:48,920 --> 00:15:54,600 of cloth worn across the face by a very 413 00:15:51,600 --> 00:15:57,440 small number of women uh was something 414 00:15:54,600 --> 00:16:01,120 that uh we simply couldn't put up with 415 00:15:57,440 --> 00:16:03,959 and uh must be one way or another This 416 00:16:01,120 --> 00:16:05,560 Witch Hunt atmosphere is intensifying 417 00:16:03,959 --> 00:16:07,399 look we knew this was coming and like 418 00:16:05,560 --> 00:16:09,440 you said it's it's two announcements in 419 00:16:07,399 --> 00:16:12,319 very short time and hundreds of 420 00:16:09,440 --> 00:16:14,480 headlines as a result all about Muslims 421 00:16:12,319 --> 00:16:16,199 and extremists and Muslim women being 422 00:16:14,480 --> 00:16:19,720 focused on now and let's look at those 423 00:16:16,199 --> 00:16:23,120 figures George sorry David Cameron says 424 00:16:19,720 --> 00:16:25,160 22% of Muslim women have limited or no 425 00:16:23,120 --> 00:16:28,680 English that is not borne out by the 426 00:16:25,160 --> 00:16:30,759 2011 census which said only 6% struggle 427 00:16:28,680 --> 00:16:32,920 with their English where are these uh 428 00:16:30,759 --> 00:16:34,880 figures coming from and there is no you 429 00:16:32,920 --> 00:16:37,560 know that the media talks about a debate 430 00:16:34,880 --> 00:16:40,160 about the nicar going on has anybody 431 00:16:37,560 --> 00:16:42,720 actually spoken to women who wear who 432 00:16:40,160 --> 00:16:45,839 choose to wear the face Veil it's a 433 00:16:42,720 --> 00:16:48,079 small minority within a minority this is 434 00:16:45,839 --> 00:16:49,759 not a major story for the British people 435 00:16:48,079 --> 00:16:52,240 it's not even a major story for British 436 00:16:49,759 --> 00:16:54,240 school children why are they giving it 437 00:16:52,240 --> 00:16:56,800 this attention I'll tell you why I've 438 00:16:54,240 --> 00:17:00,040 Got a Theory it's the old don't look 439 00:16:56,800 --> 00:17:03,680 over here look over there um you 440 00:17:00,040 --> 00:17:08,480 know attempt what abouty what abouty it 441 00:17:03,680 --> 00:17:10,400 is exactly that I'm sure um as you say a 442 00:17:08,480 --> 00:17:13,799 tiny number I think it's 443 00:17:10,400 --> 00:17:16,559 2% of if if there are 2 million Muslims 444 00:17:13,799 --> 00:17:21,319 in Britain 1 million of them are female 445 00:17:16,559 --> 00:17:23,439 2% of that 1 million wear a niab and 446 00:17:21,319 --> 00:17:25,480 what's it got to do with anybody else 447 00:17:23,439 --> 00:17:28,360 anyway and then how many of those women 448 00:17:25,480 --> 00:17:31,679 how many of that 2% we them in schools 449 00:17:28,360 --> 00:17:33,080 or in surger now my feeling is this 450 00:17:31,679 --> 00:17:35,200 David Cameron you're really concerned 451 00:17:33,080 --> 00:17:38,600 about this why not hold a conference for 452 00:17:35,200 --> 00:17:41,280 all of these maybe two 300 women who are 453 00:17:38,600 --> 00:17:42,960 teachers in ncab and do some training 454 00:17:41,280 --> 00:17:44,360 and see how they're adjusting ask the 455 00:17:42,960 --> 00:17:46,280 children who are being taught by them is 456 00:17:44,360 --> 00:17:48,120 this a problem we already have checks 457 00:17:46,280 --> 00:17:49,720 and balances in ofstead if you're a 458 00:17:48,120 --> 00:17:51,640 failing school you're in trouble if 459 00:17:49,720 --> 00:17:54,160 you're a bad teacher you're in trouble 460 00:17:51,640 --> 00:17:55,720 why this Focus the focus is because 461 00:17:54,160 --> 00:17:57,480 we're meant to be prejudiced against 462 00:17:55,720 --> 00:17:58,960 these women we're meant to be frightened 463 00:17:57,480 --> 00:18:02,000 of Muslims right now and this is a 464 00:17:58,960 --> 00:18:03,799 disgrace and he's he's shown his hand 465 00:18:02,000 --> 00:18:06,520 and I think uh all good people we need 466 00:18:03,799 --> 00:18:09,320 to be waking up and uh and to this 467 00:18:06,520 --> 00:18:12,600 agenda on the contrary though uh there's 468 00:18:09,320 --> 00:18:16,280 a huge increase in racist attacks on 469 00:18:12,600 --> 00:18:19,600 public transport 37% up on trains in The 470 00:18:16,280 --> 00:18:24,120 Last 5 Years and some spectacularly ugly 471 00:18:19,600 --> 00:18:28,480 videos emerging uh of uh attacks on 472 00:18:24,120 --> 00:18:31,480 buses verbal and physical on Muslims 473 00:18:28,480 --> 00:18:33,200 sometimes by other women uh this is 474 00:18:31,480 --> 00:18:35,880 spreading and it's terrifyingly 475 00:18:33,200 --> 00:18:39,039 dangerous I alluded to the point earlier 476 00:18:35,880 --> 00:18:42,720 uh I represented many Slovakian people 477 00:18:39,039 --> 00:18:46,039 in uh my last parliamentary constituency 478 00:18:42,720 --> 00:18:50,120 hardly any of these slovaks could speak 479 00:18:46,039 --> 00:18:52,200 English well none of them were Muslim uh 480 00:18:50,120 --> 00:18:55,679 in the East End of London where I also 481 00:18:52,200 --> 00:18:57,600 represented in Parliament almost all of 482 00:18:55,679 --> 00:19:00,320 the people spoke English very well 483 00:18:57,600 --> 00:19:02,640 because they were from former British 484 00:19:00,320 --> 00:19:07,280 colonies and English was the if you 485 00:19:02,640 --> 00:19:10,840 forgive the pun lingua franka uh so it's 486 00:19:07,280 --> 00:19:14,039 having its effect it's deliberate for 487 00:19:10,840 --> 00:19:17,480 sure but where will it all end I mean 488 00:19:14,039 --> 00:19:20,159 are we headed for widescale attacks on 489 00:19:17,480 --> 00:19:22,520 Muslim property and people like we saw 490 00:19:20,159 --> 00:19:25,320 in Germany recently well actually 491 00:19:22,520 --> 00:19:28,360 Middlesboro hang on G G4S painted the 492 00:19:25,320 --> 00:19:30,360 doors of uh a bunch of migrants as David 493 00:19:28,360 --> 00:19:32,320 Cameron would call them painted the the 494 00:19:30,360 --> 00:19:34,039 refugees doors red so they could be 495 00:19:32,320 --> 00:19:35,200 recognized by the local population and 496 00:19:34,039 --> 00:19:37,679 the doors were being smeared with 497 00:19:35,200 --> 00:19:40,280 excrement so we actually have this 498 00:19:37,679 --> 00:19:42,679 horrendous response happening I think 499 00:19:40,280 --> 00:19:45,039 let's look forward let's try and and 500 00:19:42,679 --> 00:19:46,840 look positively here what do the Muslims 501 00:19:45,039 --> 00:19:47,919 bring to this country what is the 502 00:19:46,840 --> 00:19:49,720 because this is what people will be 503 00:19:47,919 --> 00:19:52,720 asking themselves what is the what is 504 00:19:49,720 --> 00:19:55,120 the quality nobody's asking what 505 00:19:52,720 --> 00:19:57,120 positives this this community 506 00:19:55,120 --> 00:19:59,080 contributes and I think it's very uh 507 00:19:57,120 --> 00:20:01,559 telling that today a new study found 508 00:19:59,080 --> 00:20:04,400 that um girls who go to single sex 509 00:20:01,559 --> 00:20:05,760 schools do proportionally a great deal 510 00:20:04,400 --> 00:20:08,520 better than those who go to mixed 511 00:20:05,760 --> 00:20:10,360 schools in fact the results are 75% get 512 00:20:08,520 --> 00:20:13,200 top grades as opposed to 513 00:20:10,360 --> 00:20:16,000 55% in single SE schools huge difference 514 00:20:13,200 --> 00:20:18,520 so actually some uh times girls work 515 00:20:16,000 --> 00:20:21,240 well in with other with other girls that 516 00:20:18,520 --> 00:20:23,960 has been a a fact you know um David 517 00:20:21,240 --> 00:20:25,799 Cameron went to his segregated eonian 518 00:20:23,960 --> 00:20:28,840 school where we probably didn't see a 519 00:20:25,799 --> 00:20:30,880 woman for many years uh and that's okay 520 00:20:28,840 --> 00:20:33,080 and I think we need to just adjust our 521 00:20:30,880 --> 00:20:35,600 thinking on this we we as Muslim women 522 00:20:33,080 --> 00:20:37,799 we're not a problem we are an attribute 523 00:20:35,600 --> 00:20:40,159 to this community and to this society 524 00:20:37,799 --> 00:20:43,280 and stop criminalizing our just behavior 525 00:20:40,159 --> 00:20:46,039 and to link um a tiny minority of 526 00:20:43,280 --> 00:20:48,039 granny's or future wives who don't speak 527 00:20:46,039 --> 00:20:50,600 much English with extremism is not born 528 00:20:48,039 --> 00:20:52,559 out those going to Syria are young men 529 00:20:50,600 --> 00:20:56,600 they've been radicalized by 530 00:20:52,559 --> 00:20:58,280 islamophobia um by uh foreign policy and 531 00:20:56,600 --> 00:21:00,919 they're not women and their English is 532 00:20:58,280 --> 00:21:03,679 good and English is so good ridic 533 00:21:00,919 --> 00:21:06,159 broadcasting on that's it they're 534 00:21:03,679 --> 00:21:08,679 getting a message across more 535 00:21:06,159 --> 00:21:11,600 thanis and this from a government which 536 00:21:08,679 --> 00:21:14,480 like the government before it cut 537 00:21:11,600 --> 00:21:16,480 expenditure on teaching people English 538 00:21:14,480 --> 00:21:18,600 they hared it they're such Hypocrites 539 00:21:16,480 --> 00:21:21,400 hared it did they yes they're such 540 00:21:18,600 --> 00:21:23,840 Hypocrites these people you cut the 541 00:21:21,400 --> 00:21:26,760 spending on teaching of English to 542 00:21:23,840 --> 00:21:29,559 people for whom it's a second language 543 00:21:26,760 --> 00:21:32,600 you sack people who were are earning a 544 00:21:29,559 --> 00:21:37,440 decent living teaching those uh people 545 00:21:32,600 --> 00:21:39,600 women and men and then you damn the 546 00:21:37,440 --> 00:21:41,840 population for any perceived even though 547 00:21:39,600 --> 00:21:44,919 it's largely illusory lack of 548 00:21:41,840 --> 00:21:46,480 proficiency in English what kind of 549 00:21:44,919 --> 00:21:48,000 people have we got here look David 550 00:21:46,480 --> 00:21:50,200 Cameron is an extremist and he doesn't 551 00:21:48,000 --> 00:21:51,919 represent the majority of British people 552 00:21:50,200 --> 00:21:54,200 that that that's that that's the truth 553 00:21:51,919 --> 00:21:55,520 here he even speaks in this weird 19th 554 00:21:54,200 --> 00:21:57,480 century language when he talks about 555 00:21:55,520 --> 00:21:59,400 Muslims he gave us he gave a statement 556 00:21:57,480 --> 00:22:02,279 saying um it may be that in these 557 00:21:59,400 --> 00:22:04,600 patriarchal society the men folk don't 558 00:22:02,279 --> 00:22:07,200 want the women to speak English who says 559 00:22:04,600 --> 00:22:09,120 men folk in the 21st century unless you 560 00:22:07,200 --> 00:22:11,480 have this idea that everybody's in 561 00:22:09,120 --> 00:22:13,679 tribes and you all have to see the light 562 00:22:11,480 --> 00:22:15,520 of whiteness and and be like us Johnny 563 00:22:13,679 --> 00:22:17,799 Foreigner I mean really get over 564 00:22:15,520 --> 00:22:19,960 yourself move on get with the 21st 565 00:22:17,799 --> 00:22:21,440 century we're an inclusive Nation we've 566 00:22:19,960 --> 00:22:24,640 been living together for years don't 567 00:22:21,440 --> 00:22:26,880 fracture it you said The Red Doors in 568 00:22:24,640 --> 00:22:29,039 Middlesboro and of course there were red 569 00:22:26,880 --> 00:22:31,240 wristbands not sure where the red comes 570 00:22:29,039 --> 00:22:34,600 in on all us why they've decided to 571 00:22:31,240 --> 00:22:36,919 Brand refugees as Reds maybe there's a 572 00:22:34,600 --> 00:22:40,600 subliminal message there too uh in 573 00:22:36,919 --> 00:22:43,159 Cardiff they were uh forcing U Asylum 574 00:22:40,600 --> 00:22:45,559 Seekers to wear a red 575 00:22:43,159 --> 00:22:48,000 wristband uh when they turned up for 576 00:22:45,559 --> 00:22:49,640 their breakfast which they need to have 577 00:22:48,000 --> 00:22:51,640 of course because they don't get 578 00:22:49,640 --> 00:22:53,400 benefits and they're not allowed to work 579 00:22:51,640 --> 00:22:58,520 even though almost all of them would 580 00:22:53,400 --> 00:23:02,039 like to uh do so and when ab bruhaha and 581 00:22:58,520 --> 00:23:04,000 the liberal press was raised over this 582 00:23:02,039 --> 00:23:06,840 there were people who argued well that's 583 00:23:04,000 --> 00:23:11,159 what happens at rock concerts and on uh 584 00:23:06,840 --> 00:23:12,919 um uh holidays uh group holidays uh 585 00:23:11,159 --> 00:23:14,559 what's wrong with forcing people to wear 586 00:23:12,919 --> 00:23:16,720 that's interesting uh let's do that rock 587 00:23:14,559 --> 00:23:19,159 concert thing the rock concert right you 588 00:23:16,720 --> 00:23:20,679 have security guards on the outside you 589 00:23:19,159 --> 00:23:22,120 pay to get in and you're only there for 590 00:23:20,679 --> 00:23:24,799 a short period of time and then you're 591 00:23:22,120 --> 00:23:26,400 out again so what you're saying is you 592 00:23:24,799 --> 00:23:28,960 have these wristbands you're here for a 593 00:23:26,400 --> 00:23:31,120 bit uh on our say so and then you're off 594 00:23:28,960 --> 00:23:34,120 again it's not about welcoming people 595 00:23:31,120 --> 00:23:35,640 into society it's not about creating a a 596 00:23:34,120 --> 00:23:37,200 good social strata where we're all 597 00:23:35,640 --> 00:23:39,760 living together it's not about then 598 00:23:37,200 --> 00:23:43,000 anymore it's about them and us and this 599 00:23:39,760 --> 00:23:45,799 Rec rhetoric is really divisive you you 600 00:23:43,000 --> 00:23:48,520 strike me though and I'm glad to say as 601 00:23:45,799 --> 00:23:50,159 pretty optimistic about the future yes I 602 00:23:48,520 --> 00:23:51,840 am because actually you know when you 603 00:23:50,159 --> 00:23:54,640 when you force through nonsense like 604 00:23:51,840 --> 00:23:56,400 this and you make such statements that 605 00:23:54,640 --> 00:23:58,520 such polarizing statements you you you 606 00:23:56,400 --> 00:24:00,200 push a Tipping Point when the good 607 00:23:58,520 --> 00:24:02,200 people of Britain come out and say this 608 00:24:00,200 --> 00:24:03,760 is nonsense we don't agree with this 609 00:24:02,200 --> 00:24:05,840 when I go you know when I'm doing my 610 00:24:03,760 --> 00:24:07,360 shopping you chat to people especially 611 00:24:05,840 --> 00:24:09,320 in the north of England they they don't 612 00:24:07,360 --> 00:24:10,919 buy this rhetoric so I think they've 613 00:24:09,320 --> 00:24:13,360 gone too far and made a nonsense of 614 00:24:10,919 --> 00:24:16,200 their own policies to his backlashes 615 00:24:13,360 --> 00:24:18,000 yeah Hallelujah finally God willing just 616 00:24:16,200 --> 00:24:20,440 finally let the woman 617 00:24:18,000 --> 00:24:22,240 speak how's Tony Blair is he ready for a 618 00:24:20,440 --> 00:24:24,039 film that's coming out uh I haven't 619 00:24:22,240 --> 00:24:25,640 spoken to Tony for a while but I'm sure 620 00:24:24,039 --> 00:24:28,559 he's looking forward to it and he's got 621 00:24:25,640 --> 00:24:33,440 his red bow tie ready for the big night 622 00:24:28,559 --> 00:24:33,440 very good Lauren bu thank you for 623 00:24:34,840 --> 00:24:38,320 everything and now it's your turn to 624 00:24:36,919 --> 00:24:40,559 tell us what you think through the 625 00:24:38,320 --> 00:24:43,360 portals of social media what's rattling 626 00:24:40,559 --> 00:24:45,960 guy now why did David kman try to make 627 00:24:43,360 --> 00:24:49,200 the link between English-speaking Muslim 628 00:24:45,960 --> 00:24:51,960 woman and extremism even terrorism 629 00:24:49,200 --> 00:24:54,840 Johnny reg says he sounds like an Isis 630 00:24:51,960 --> 00:24:56,880 extremist telling women what to do and 631 00:24:54,840 --> 00:24:59,039 Jamie Hunter says born and raised in 632 00:24:56,880 --> 00:25:02,960 Newcastle we don't speak a word of 633 00:24:59,039 --> 00:25:04,720 English and Dean ner says LOL please Mr 634 00:25:02,960 --> 00:25:07,640 Cameron tell me how many languages do 635 00:25:04,720 --> 00:25:10,760 you speak that's question I think he 636 00:25:07,640 --> 00:25:13,960 speaks only one and even that is 19th 637 00:25:10,760 --> 00:25:16,919 century Arcane English as Lauren Bo 638 00:25:13,960 --> 00:25:19,559 pointed out exactly and about China Mary 639 00:25:16,919 --> 00:25:21,799 Finley says they will use it to convince 640 00:25:19,559 --> 00:25:24,600 us that the problems they've created are 641 00:25:21,799 --> 00:25:26,520 all China's faults good point and that's 642 00:25:24,600 --> 00:25:28,600 all we've got time for this week which 643 00:25:26,520 --> 00:25:29,960 alas means that's the end of the show 644 00:25:28,600 --> 00:25:32,840 but you can stay in touch with us 645 00:25:29,960 --> 00:25:35,399 through Twitter at rtor Sputnik or on 646 00:25:32,840 --> 00:25:38,039 Facebook Sputnik on Russia today it's 647 00:25:35,399 --> 00:25:40,850 goodbye for me G and from me George 648 00:25:38,039 --> 00:25:44,030 Galloway it's been 649 00:25:40,850 --> 00:25:44,030 [Music] 650 00:25:52,130 --> 00:25:57,480 [Music] 651 00:25:54,480 --> 00:25:57,480 marvelous