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okay I get

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[Music]

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welcome to Sputnik orbiting the world

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with me George Galloway and me gatri as

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predicted here on the Sputnik increased

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Russian intervention in the defense of

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Syria from foreign Invasion has begun to

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turn the tide the Syrian Army sons of

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Syria everyone have been fighting at

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enormous sacrifice a coalition composed

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of so many foreign countries and

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terrorist groups it would take the rest

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of the program to enumerate them

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Russia's prestige in World opinion if

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not the chanceries of many world

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capitals has never been higher at least

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since the early 1970s so for the wise

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and what next who else would we turn to

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than haa caram Mustafa haa thanks for

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coming back on board the Sputnik let's

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start with the why first of all why did

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Russia choose this time to dramatically

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increase its intervention in the war in

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Syria well because because there's an

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supposedly International Le Coalition

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fighting Isis and since actually that

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Coalition got started in trying to

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weaken Isis Isis has actually expanded

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and has expanded its reach across the

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Middle East is now based in Libya and

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therefore we're seeing the most powerful

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armies in the world actually not

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neutralize this this threat that was

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actually described as the biggest threat

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to humanity since Adolf Hitler so it's

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become a Time Russia has decided that

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the time has come to actually intervene

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and put a stop to all this mess only

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history will show whether they really

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were trying to weaken Isis of course you

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know my thesis seems to me improbable at

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least implausible that all these armies

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all these Air Forces could bomb Isis so

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much and yet leave them stronger than

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they were before they began but if

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that's the why I suppose the big

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question then is what next how long is

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this operation going to last in your

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view uh What uh consequences is it

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likely to have the length of the

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operation is difficult to predict

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because of course we're seeing a lack of

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communication between all the players

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just this morning the Russian Ambassador

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actually announced that Britain refused

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to uh exchange uh intelligence with the

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Russian count the Russian counterparts

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so I think there's going to be

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difficulty on the terrain but of course

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in the last Fortnight alone the Russians

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have made great gains and have

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considerably weakened Isis and have

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pushed them back so I think we're seeing

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a very encouraging progress but I don't

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think it's the end of things because

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obviously as we've said there is a

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desire to Main main Isis in the region

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and of course under the guise that those

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that the Western Coalition is supporting

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are the supposed moderate terrorists I

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mean I would have assumed that a

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terrorist is a terrorist anyone who

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blows up infrastructure and Slaughters

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civilians is a terrorist there shouldn't

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be a sort of terrorist light and a

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terrorist heavy but apparently there is

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and therefore there is a lack of will to

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neutralize Isis which will slow down the

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process but of course what is

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encouraging is that in a fortnight alone

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Russia has made considerable gains and I

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think as a result we seeing the the

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official Syrian Army maintain its strong

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position actually expand into former

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Isis Le territory and I think that is

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encouraging how long that's going to

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last that's a different matter the uh

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mistake you're making is to imagine that

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uh terrorists who only half eat your

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heart who only half cut your head off

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who only half destroy the religious

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places of minorities and so on uh

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they're not really terrorists that's

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what we're being asked to uh believe the

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Phantom armies of the opposition I

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described them so in Parliament a couple

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of years ago that the so-called free

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Syrian Army even then didn't exist and

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yet we're told Now by Western critics of

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the Russian operation that Russia is

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somehow bombing them even though in the

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United States newspapers the Syria

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newspapers it's long been acknowledged

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that there are no moderate terrorists

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there's only Al-Qaeda and the even more

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extreme Isis as I said the the terrorist

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organizations are very much the same

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parties that are just having different

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labels to them but they're all acting as

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terrorists they're all committing

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heinous crimes against the civilian

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population of Syria which it has to be

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reminded the majority of the civilian

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population is actually Sunni now there's

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been an idea of selling this conflict as

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being somewhat the sunnis fighting the

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evil alawite minority now the leadership

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of Syria is indeed or rather Bashar Al

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Assad is an alawite but the majority of

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the Syrian population is Sunni and

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therefore the majority of the official

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Syrian Army is made up of fighters who

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are fighting these terrorists who are

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killing them slaughtering them they are

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obviously attacking minorities but

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they're also attacking all the sunnis

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who are not signing up to their barbaric

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uh Enterprise so very what we've seen in

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the past if we've labeled this situation

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in all the wrong ways possible we first

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labeled the terrorists as being somewhat

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Rebels we've somewhat labeled it as

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sunnis versus the others well that's not

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the case because sunnis are fighting

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against these terrorists so every step

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of the way we've described the situation

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in Syria in the wrong way in order to

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sell a conflict and actually encourage

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the disintegration of Syria haa we were

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in Moscow last week and uh the last

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night we were stuck in a huge traffic

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jam which we were quite surprised by

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obviously it's an 11 million City but

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then as we drove past the Kremlin block

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a road were blocked uh along it and we

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then discovered that Assad was there for

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the first time since the war Assad was

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there at on a visit for foreign two

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foreign country that must be significant

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it's very symbolic it's it's a an

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official recognition of the Syrian

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leadership bashar's leadership and it's

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also a way of telling uh the West that

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they don't care what they think of

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Bashar Assad because obviously Western

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capitals have insisted that Bashar Al

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Assad no longer had legitimacy but of

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course a majority of syrians still view

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him as his president it is for the

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syrians to decide who their President

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should be and I think what the Russian

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Jester has meant is to say that actually

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we're recognizing Syrian legitimacy of

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their president here is the president

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and there you go tough what do you think

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they might have been discussing I think

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they've obviously discussed the nature

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of further operation further cooperation

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between the official Syrian Army and the

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Russian uh Army as well uh I think it's

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to strengthen strengthening the ties

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within the region and ensure that there

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is a more longterm presence probably in

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Russia for the foreseeable future at the

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very least to ensure that these us

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friendly terrorists if we can call them

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that actually have pushed further and

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and leave Syria alone they're likely of

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course to run uh many of them are

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already running uh unfortunately some of

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them to Iraq where they will still have

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to be defeated also uh but many seem to

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be running to Turkey and turkey itself

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is now you could say almost uh in a

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civil war situation you have such a

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complex pattern of conflict you have

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secularists who don't like erdogan for

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their own reasons you have the Kurdish

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minority a very big minority uh being

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attacked by erdogan and fighting back

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you have the Overflow of the Isis and

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Al-Qaeda phenomenon the whole Region's

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problems are not going to go away

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anytime soon are they the reason for

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that is because so many people actually

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rather than attempt to find a solution

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really poured fuel under the fire now

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for Melly they would argue that for

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erdogan this is really Karma because

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when he meddled in Syrian Affairs rather

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than play the great important neighbor

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that should have pushed for a piece

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resolution actually pushed for conflict

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he encouraged uh the foreign fighters to

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come in he allowed turkey to become a

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base for foreign mercenaries murderers

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to come into Syria and commit the crimes

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that we know of and therefore it was

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inevitable that it would spill over you

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know when you play with terrorists and

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the Americans have seen this before the

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Saudis have seen this before you

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inevitably get burned these are

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criminals who have absolutely no loyalty

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and no sense of morality they will come

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back and bite you sooner or later it is

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a Frankenstein monster and erdogan's

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blunder having started out with the

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policy of no quarrels with the neighbors

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ex ended up with quarrels with all the

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neighbors uh it it's a foreign policy

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error almost as big as Saddam Hussein's

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invasion of Kuwait uh 25 years ago

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because it may bring about not just the

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end of his own political power and

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project but runs the risk it's an

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existential threat actually to turkey as

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a state absolutely because I think as

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you you mentioned all the minorities

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that are clashing within turkey this is

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a recipe for disaster it's turkey is now

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at boiling point and it's such a shame

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because just a year ago it was actually

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doing well of course there were the

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secularist who were against erdan but

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erdan had a comfortable majority he was

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quite a popular Statesman regardless and

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yet with a situation that is completely

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that has become poisoned intoxicated

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because of the Isis threat which has

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been used almost by all parties it has

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led turkey to becoming this sort of

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chessboard which was a bit what Syria

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was a few years ago now that situation

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has moved into turkey and turkey is

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pretty much facing the problem Syria's

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facing four years ago but but it has

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lost many friends and therefore might

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not even have the support that Syria is

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enjoying today let's turn to Iraq uh if

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it's possible to see if not the end uh

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the beginning of the end of the

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terrorist uh attack and occupation of

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much of Syria it's not yet possible to

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see that in Iraq the

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Iraqi state

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does not yet seem capable of recapturing

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the very significant cities and

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territories that are still held by ISIS

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what's going to happen next there well I

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I think you pointed out that uh Saddam

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Hussein's major error was it when he

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invaded uh Kuwait he actually fractured

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a lot of the Arab Unity that was a major

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blunder but there was something that

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Saddam Hussein managed to do was keep a

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national cohesion you know the Iraqis

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had a strong sense of nationality with

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the invasion of of Iraq in 2003 and the

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divide and Rule politics that were

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instigated by the US the sense of

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nationality has completely disappeared

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and now the loyalties are more tribal

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and more sectarian so you have people

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who are thinking why should I fight for

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a nation state that I don't really

278
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believe in I'm first and foremost a

279
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Sunni I'm first and foremost a Shiite

280
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and therefore there is no sense of

281
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fighting in a in a coordinated way

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against the common enemy because

283
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everyone is fighting for their own and

284
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this is why Isis have managed to make

285
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incredible gains and we've seen that at

286
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times the Iraqi I Army was completely

287
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humiliated and defeated within 24 hours

288
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simply because the soldiers didn't have

289
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it in them to fight for a country that

290
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they no longer regard as their nation

291
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and therefore something to be proud of

292
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and something to fight for and I think

293
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in that respect it's very difficult to

294
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predict an end of the catastrophe in

295
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Iraq for the foreseeable future is it

296
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possible that Russia could become

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involved in Iraq also the request of the

298
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Iraqi government just as it's involved

299
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now at the request of the Syrian

300
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government I think it's it's incredible

301
00:11:30,079 --> 00:11:34,079
humiliation for the us because these are

302
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people that were placed by the US this

303
00:11:34,079 --> 00:11:38,000
is a government that's come on the back

304
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of a us-led Invasion and actually now

305
00:11:38,000 --> 00:11:42,040
they're turning to the Russians for hell

306
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that would mean of course in this

307
00:11:42,040 --> 00:11:47,800
hypothesis and I have no idea whether

308
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Russia has any intention of helping in a

309
00:11:47,800 --> 00:11:54,120
big way in Iraq uh but that would mean

310
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that Russia was now perhaps the most

311
00:11:54,120 --> 00:11:58,720
significant International player in the

312
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Middle East would mean the end of

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00:11:58,720 --> 00:12:05,800
American heany uh in the region and

314
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given Russia's good relations with Iran

315
00:12:05,800 --> 00:12:12,440
would change the balance of power uh and

316
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direction in the Middle East I believe

317
00:12:12,440 --> 00:12:16,639
in a very good way what's your take on

318
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that well I think anything that we go

319
00:12:16,639 --> 00:12:21,639
far when we move away from American Hony

320
00:12:19,560 --> 00:12:23,480
I think that should be celebrated as

321
00:12:21,639 --> 00:12:25,199
we've seen whether it's Iraq whether

322
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it's Libya and of course they're

323
00:12:25,199 --> 00:12:29,839
meddling in in Syria and their support

324
00:12:27,279 --> 00:12:31,800
of Israel nothing that American has done

325
00:12:29,839 --> 00:12:33,920
is to be welcomed in the region so

326
00:12:31,800 --> 00:12:35,519
anytime that the Middle East moves

327
00:12:33,920 --> 00:12:36,920
further away from the US I think it's

328
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very much to be welcomed and if it's

329
00:12:36,920 --> 00:12:40,560
going towards another superpower I mean

330
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personally I would favor more

331
00:12:40,560 --> 00:12:43,880
Independence for the Middle East and not

332
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going from one superpower to the other

333
00:12:43,880 --> 00:12:47,519
having said that anything that moves

334
00:12:45,720 --> 00:12:50,199
away from the US is obviously something

335
00:12:47,519 --> 00:12:52,519
beneficial for the region definitely haa

336
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thanks as always for your expertise

337
00:12:52,519 --> 00:12:59,160
coming up after the break clear the

338
00:12:54,720 --> 00:12:59,160
decks it's Max Kaiser

339
00:12:59,730 --> 00:13:04,600
[Music]

340
00:13:01,959 --> 00:13:06,160
welcome back to Sputnik Max Kaiser is

341
00:13:04,600 --> 00:13:08,800
one of the world's most watched

342
00:13:06,160 --> 00:13:11,360
broadcasters he's feared by the bad

343
00:13:08,800 --> 00:13:13,880
loved by the good he's the Robin Hood of

344
00:13:11,360 --> 00:13:16,760
the square mile and he's here now light

345
00:13:13,880 --> 00:13:19,120
the blue touch paper and stand well back

346
00:13:16,760 --> 00:13:22,639
there's no point in a script here Max no

347
00:13:19,120 --> 00:13:26,959
because talking with you is pure uh free

348
00:13:22,639 --> 00:13:29,880
form Jazz but let me try and I shle the

349
00:13:26,959 --> 00:13:33,199
anger of millions you do you do you I

350
00:13:29,880 --> 00:13:35,199
feel I feel their pain now let me just

351
00:13:33,199 --> 00:13:37,440
there's one I need to ask you about cuz

352
00:13:35,199 --> 00:13:39,519
it's particularly important significant

353
00:13:37,440 --> 00:13:43,839
for me there's a report in the

354
00:13:39,519 --> 00:13:47,320
newspapers this week the 100 billion

355
00:13:43,839 --> 00:13:50,079
pounds in property purchases has been

356
00:13:47,320 --> 00:13:52,920
made in London in just the last six

357
00:13:50,079 --> 00:13:55,320
years by Foreign Nationals what's going

358
00:13:52,920 --> 00:13:58,600
on here this must be the reason why

359
00:13:55,320 --> 00:14:01,399
house prices and rents in London are now

360
00:13:58,600 --> 00:14:04,120
higher than anywhere else in the world

361
00:14:01,399 --> 00:14:06,440
am I right absolutely there's uh the

362
00:14:04,120 --> 00:14:09,320
piggy bank in London property where

363
00:14:06,440 --> 00:14:11,560
foreign money comes in and it's cheaper

364
00:14:09,320 --> 00:14:13,680
than opening a bank account in some

365
00:14:11,560 --> 00:14:15,279
other country it's cheaper than owning

366
00:14:13,680 --> 00:14:16,600
gold or silver but you know I was

367
00:14:15,279 --> 00:14:18,440
looking at this housing situation in

368
00:14:16,600 --> 00:14:21,199
London George and you know the housing

369
00:14:18,440 --> 00:14:22,920
associations which are private property

370
00:14:21,199 --> 00:14:26,240
George Osborne is allowing those to be

371
00:14:22,920 --> 00:14:29,120
sold off yeah so this is a confiscation

372
00:14:26,240 --> 00:14:31,040
of private property and they're going to

373
00:14:29,120 --> 00:14:33,199
K people out onto the streets you know

374
00:14:31,040 --> 00:14:35,399
this is beyond just the confiscation of

375
00:14:33,199 --> 00:14:37,519
private property this is Osborne's you

376
00:14:35,399 --> 00:14:39,720
know Hugo Chavez moment and this is this

377
00:14:37,519 --> 00:14:41,240
is owned by private property owners and

378
00:14:39,720 --> 00:14:43,920
they're just taking it away and they're

379
00:14:41,240 --> 00:14:45,800
reselling it at a huge discount and uh

380
00:14:43,920 --> 00:14:47,360
you know this is this is a human rights

381
00:14:45,800 --> 00:14:48,800
issue this can go to the international

382
00:14:47,360 --> 00:14:51,160
criminal court because he's

383
00:14:48,800 --> 00:14:53,079
disenfranchising this entire uh

384
00:14:51,160 --> 00:14:55,040
generation that's being thrown out into

385
00:14:53,079 --> 00:14:57,480
the street but why don't why don't we go

386
00:14:55,040 --> 00:14:59,399
to the ICC but why isn't this not

387
00:14:57,480 --> 00:15:01,199
discussed in these terms this this is a

388
00:14:59,399 --> 00:15:03,759
criminal action by Osborne the

389
00:15:01,199 --> 00:15:05,959
chancellor that's just one area of of of

390
00:15:03,759 --> 00:15:07,680
law breaking that that I've identified

391
00:15:05,959 --> 00:15:10,040
another area of law breaking that I've

392
00:15:07,680 --> 00:15:12,480
identified here is that this this this

393
00:15:10,040 --> 00:15:14,680
country they do what called these PPI

394
00:15:12,480 --> 00:15:16,440
schemes or PFI schemes where their

395
00:15:14,680 --> 00:15:17,959
government is putting off their balance

396
00:15:16,440 --> 00:15:19,800
sheet the debt of doing their

397
00:15:17,959 --> 00:15:21,639
privatizations for things like hospitals

398
00:15:19,800 --> 00:15:22,839
and things like this and they say well

399
00:15:21,639 --> 00:15:24,759
the reason we don't do this debt the

400
00:15:22,839 --> 00:15:26,120
reason we don't do the low interest

401
00:15:24,759 --> 00:15:28,120
rates that are afforded to us from the

402
00:15:26,120 --> 00:15:30,040
bank of England with 0% interest rates

403
00:15:28,120 --> 00:15:32,560
is because under the treating we're not

404
00:15:30,040 --> 00:15:36,680
allowed to go above 60% debt to GDP but

405
00:15:32,560 --> 00:15:39,440
I'm sorry but in fact they are violating

406
00:15:36,680 --> 00:15:42,000
that 60% debt to GDP they are violating

407
00:15:39,440 --> 00:15:44,759
the Mast treaty and Mark Carney who runs

408
00:15:42,000 --> 00:15:48,079
the bank of England knows this he's the

409
00:15:44,759 --> 00:15:51,120
regulator ultimately in charge he's now

410
00:15:48,079 --> 00:15:53,360
been caught flagrantly violating

411
00:15:51,120 --> 00:15:55,319
international law so these guys when it

412
00:15:53,360 --> 00:15:57,680
comes to property in London not only are

413
00:15:55,319 --> 00:15:59,959
they opening it up to the the foreign

414
00:15:57,680 --> 00:16:03,000
billions that are ill gains that are

415
00:15:59,959 --> 00:16:04,839
jacking up hot money jacking up prices

416
00:16:03,000 --> 00:16:06,959
forcing people out of the market they

417
00:16:04,839 --> 00:16:08,920
are also committing wholesale human

418
00:16:06,959 --> 00:16:11,279
rights violations and rampant

419
00:16:08,920 --> 00:16:13,839
criminality they did it before by the

420
00:16:11,279 --> 00:16:16,240
way before you came here with Council

421
00:16:13,839 --> 00:16:19,040
housing millions of council houses have

422
00:16:16,240 --> 00:16:21,519
been sold at knockdown prices virtually

423
00:16:19,040 --> 00:16:23,160
nothing which is of course a loss then

424
00:16:21,519 --> 00:16:25,079
to the public that built those those

425
00:16:23,160 --> 00:16:27,000
were owned by the state the housing

426
00:16:25,079 --> 00:16:28,680
associations are not state owned they

427
00:16:27,000 --> 00:16:30,680
are privately owned and they're selling

428
00:16:28,680 --> 00:16:32,560
priv private property again to other

429
00:16:30,680 --> 00:16:35,399
private property by by feat they're

430
00:16:32,560 --> 00:16:38,680
they're selling private property to a

431
00:16:35,399 --> 00:16:41,079
larger number of smaller private owners

432
00:16:38,680 --> 00:16:43,959
and that means that rented economy that

433
00:16:41,079 --> 00:16:47,040
rented sector is no longer available to

434
00:16:43,959 --> 00:16:48,360
those who wish to or need to live in

435
00:16:47,040 --> 00:16:50,240
rented property yeah but they go and

436
00:16:48,360 --> 00:16:52,959
criticize these countries you know I've

437
00:16:50,240 --> 00:16:54,399
mentioned Hugo chz before okay if you

438
00:16:52,959 --> 00:16:56,360
listen to osbor and Cameron they'll say

439
00:16:54,399 --> 00:16:57,600
Hugo Chavez is a socialist he's C is

440
00:16:56,360 --> 00:16:59,160
getting private property from people and

441
00:16:57,600 --> 00:17:00,440
doing wealth redistribution well it's

442
00:16:59,160 --> 00:17:02,040
exactly what Osborne's doing he's

443
00:17:00,440 --> 00:17:04,000
confiscating private property and he's

444
00:17:02,040 --> 00:17:06,919
doing up upward wealth redistribution by

445
00:17:04,000 --> 00:17:08,480
giving it to uh those who are hoarding

446
00:17:06,919 --> 00:17:10,480
properties they're they're property

447
00:17:08,480 --> 00:17:12,039
hoarders you know and and that's

448
00:17:10,480 --> 00:17:13,760
completely inconsistent with a

449
00:17:12,039 --> 00:17:15,559
functioning economy you don't want one

450
00:17:13,760 --> 00:17:18,360
sector of the property sector acting

451
00:17:15,559 --> 00:17:20,039
like a a parasitical cancer gobbling up

452
00:17:18,360 --> 00:17:21,559
all the pieces of the economy that's

453
00:17:20,039 --> 00:17:23,559
completely inconsistent with having a

454
00:17:21,559 --> 00:17:26,640
well functioning economy well we saw in

455
00:17:23,559 --> 00:17:31,280
the newspapers last week an East Enders

456
00:17:26,640 --> 00:17:35,200
actor funded by uh Israeli financiers

457
00:17:31,280 --> 00:17:38,520
their nationality immaterial to buy his

458
00:17:35,200 --> 00:17:40,760
Council house so that it in Hamstead so

459
00:17:38,520 --> 00:17:42,880
that it could be knocked down and a

460
00:17:40,760 --> 00:17:45,559
fantastically more valuable house

461
00:17:42,880 --> 00:17:47,440
erected in its place and the East Enders

462
00:17:45,559 --> 00:17:49,720
actor who happens to be a tenant there

463
00:17:47,440 --> 00:17:52,640
and who gets the discount will be

464
00:17:49,720 --> 00:17:57,039
compensated by the Israeli financiers

465
00:17:52,640 --> 00:18:00,799
and somebody worth 20 3040 million will

466
00:17:57,039 --> 00:18:03,080
now occupy that space compensated from

467
00:18:00,799 --> 00:18:04,880
who it's compensated from the council

468
00:18:03,080 --> 00:18:06,559
it's compensated from the taxpayer it's

469
00:18:04,880 --> 00:18:09,159
compensated through money printing which

470
00:18:06,559 --> 00:18:12,559
is causing gross wealth and income

471
00:18:09,159 --> 00:18:14,200
inequality and social unrest you know if

472
00:18:12,559 --> 00:18:15,720
Osborne wants to know why there is

473
00:18:14,200 --> 00:18:17,679
potentially such social interrest in

474
00:18:15,720 --> 00:18:20,039
this country look in the mirror he's

475
00:18:17,679 --> 00:18:22,240
engineering it his financial engineering

476
00:18:20,039 --> 00:18:24,840
I mean this is this is Britain's Crystal

477
00:18:22,240 --> 00:18:27,559
knocked okay this is Osborne's Crystal

478
00:18:24,840 --> 00:18:29,679
knock he's given Open Season to private

479
00:18:27,559 --> 00:18:31,280
speculators to kick private citizens out

480
00:18:29,679 --> 00:18:33,480
of their homes and resell those

481
00:18:31,280 --> 00:18:35,559
properties I'm not this is not I'm not

482
00:18:33,480 --> 00:18:38,080
I'm not over guilding the Lily this is

483
00:18:35,559 --> 00:18:41,120
an atrocious violation of Human Rights

484
00:18:38,080 --> 00:18:43,280
Osborne he should be going to the ha

485
00:18:41,120 --> 00:18:47,159
what with Tony Blair just in the

486
00:18:43,280 --> 00:18:48,880
interest of balance the George Osborne

487
00:18:47,159 --> 00:18:53,159
whom you've criticized severely and as I

488
00:18:48,880 --> 00:18:56,960
do myself last week we saw the Triumph

489
00:18:53,159 --> 00:18:58,799
of his pragmatism over the ideological

490
00:18:56,960 --> 00:19:01,360
positions of the foreign office and even

491
00:18:58,799 --> 00:19:04,200
David Cameron it's Osborne who's driving

492
00:19:01,360 --> 00:19:08,400
the new opening to China in British

493
00:19:04,200 --> 00:19:10,880
policy uh the wisdom to get close to

494
00:19:08,400 --> 00:19:14,720
China and to become a pivot in Europe

495
00:19:10,880 --> 00:19:17,320
and the world for the increasingly

496
00:19:14,720 --> 00:19:19,480
strong uh fundamentally increasingly

497
00:19:17,320 --> 00:19:22,039
strong Chinese economy this is wisdom on

498
00:19:19,480 --> 00:19:24,320
the part of Osborne of course he's doing

499
00:19:22,039 --> 00:19:25,880
it because he wants Chinese money to

500
00:19:24,320 --> 00:19:29,679
come to Britain but what's wrong with

501
00:19:25,880 --> 00:19:34,159
that he's engineered uh and remarkable

502
00:19:29,679 --> 00:19:37,640
um economic atrocity by sending jobs to

503
00:19:34,159 --> 00:19:39,840
China in exchange for hot money that's

504
00:19:37,640 --> 00:19:41,640
being enabled by these ultra low

505
00:19:39,840 --> 00:19:43,360
interest rates here's what's been going

506
00:19:41,640 --> 00:19:45,480
on for the last 20 years this country

507
00:19:43,360 --> 00:19:49,159
these policy makers and Britain does had

508
00:19:45,480 --> 00:19:52,320
a choice either let jobs stay in Britain

509
00:19:49,159 --> 00:19:54,480
and let wages rise to go with those jobs

510
00:19:52,320 --> 00:19:57,360
and have a natural organic inflation in

511
00:19:54,480 --> 00:19:59,240
a well balanced economy or ship those

512
00:19:57,360 --> 00:20:01,120
jobs overseas to China and other

513
00:19:59,240 --> 00:20:03,039
countries and monkey around with the

514
00:20:01,120 --> 00:20:05,280
economy through the mechanism of

515
00:20:03,039 --> 00:20:07,679
interest rate manipulation through extra

516
00:20:05,280 --> 00:20:09,679
low low low interest rate manipulation

517
00:20:07,679 --> 00:20:11,640
and this is what has attracted this

518
00:20:09,679 --> 00:20:14,400
Chinese hot money because they can come

519
00:20:11,640 --> 00:20:17,039
in uh with this money that is being

520
00:20:14,400 --> 00:20:18,480
deposited in these properties here and

521
00:20:17,039 --> 00:20:20,240
they know that because the bank of

522
00:20:18,480 --> 00:20:23,520
England's going to keep printing now

523
00:20:20,240 --> 00:20:25,520
more than a trillion pounds uh to try to

524
00:20:23,520 --> 00:20:27,720
bail out the banks they're guaranteed

525
00:20:25,520 --> 00:20:29,440
some kind of return on this hot money so

526
00:20:27,720 --> 00:20:31,760
they're giving a state subsidy to China

527
00:20:29,440 --> 00:20:33,600
to deposit their hot money in China

528
00:20:31,760 --> 00:20:35,520
they're not doing anything for wages or

529
00:20:33,600 --> 00:20:37,320
work here in the Britain because all

530
00:20:35,520 --> 00:20:39,400
those jobs are being sent over to China

531
00:20:37,320 --> 00:20:41,840
the same thing is happening in America

532
00:20:39,400 --> 00:20:43,600
and uh the quit proquo sucks you know

533
00:20:41,840 --> 00:20:45,320
China if Osborne thinks he's getting

534
00:20:43,600 --> 00:20:46,679
something for this he's going to get a A

535
00:20:45,320 --> 00:20:48,600
revolution is what he's going to get

536
00:20:46,679 --> 00:20:50,200
he's engineering complete uh

537
00:20:48,600 --> 00:20:51,960
Insurrection in this country and it

538
00:20:50,200 --> 00:20:53,480
can't happen a day too soon because

539
00:20:51,960 --> 00:20:55,159
these these people need some dignity

540
00:20:53,480 --> 00:20:57,919
George these British people they can't

541
00:20:55,159 --> 00:21:00,760
live on Jin and Promises they need some

542
00:20:57,919 --> 00:21:03,760
sovereignty they need some dignity I did

543
00:21:00,760 --> 00:21:05,159
try Mr R I did try well why dides you

544
00:21:03,760 --> 00:21:06,799
come on my show nobody from that

545
00:21:05,159 --> 00:21:08,240
Administration ever comes on my show I'm

546
00:21:06,799 --> 00:21:09,960
freaking right across the street from

547
00:21:08,240 --> 00:21:12,159
the mayor's office did they ever pop

548
00:21:09,960 --> 00:21:14,720
over to say a word no because they know

549
00:21:12,159 --> 00:21:16,720
I'll skin them alive they'll be flayed

550
00:21:14,720 --> 00:21:19,919
on television and their hypocrisy

551
00:21:16,720 --> 00:21:23,159
exposed like a banana being

552
00:21:19,919 --> 00:21:26,240
peeled look let me stick with oor for a

553
00:21:23,159 --> 00:21:28,000
minute his chances of becoming prime

554
00:21:26,240 --> 00:21:31,000
minister or at least leader of the

555
00:21:28,000 --> 00:21:34,000
conservative party Visa Boris Johnson

556
00:21:31,000 --> 00:21:36,840
the aforementioned mayor depend on the

557
00:21:34,000 --> 00:21:38,480
British economy in 2020 if there's a

558
00:21:36,840 --> 00:21:40,919
significant downturn in the British

559
00:21:38,480 --> 00:21:43,559
economy Boris Johnson will succeed if

560
00:21:40,919 --> 00:21:45,440
there isn't George Osborne will succeed

561
00:21:43,559 --> 00:21:48,279
what's your money

562
00:21:45,440 --> 00:21:50,559
on pop in the real estate property

563
00:21:48,279 --> 00:21:53,840
bubble is a dead

564
00:21:50,559 --> 00:21:56,400
certainty uh therefore under the choice

565
00:21:53,840 --> 00:22:00,240
that you just provided it would be

566
00:21:56,400 --> 00:22:04,520
therefore Boris Johnson so you you see

567
00:22:00,240 --> 00:22:06,400
maybe 2017 2018 you see a significant

568
00:22:04,520 --> 00:22:08,279
fall in the British econom the global

569
00:22:06,400 --> 00:22:10,640
well it's a global economy is now

570
00:22:08,279 --> 00:22:13,720
running with a $200 trillion do debt

571
00:22:10,640 --> 00:22:16,120
load uh the debt to GDP in Britain if

572
00:22:13,720 --> 00:22:19,080
you include Bank debt public debt

573
00:22:16,120 --> 00:22:21,640
private debt is running at over 800%

574
00:22:19,080 --> 00:22:23,440
debt to GDP not far off to where Iceland

575
00:22:21,640 --> 00:22:25,480
was before Iceland blew up and by the

576
00:22:23,440 --> 00:22:27,720
way Iceland just put 27 Bankers in jail

577
00:22:25,480 --> 00:22:29,120
this week for doing the exact same stuff

578
00:22:27,720 --> 00:22:30,840
that English and British Bankers have

579
00:22:29,120 --> 00:22:33,080
been doing during the same time period

580
00:22:30,840 --> 00:22:35,720
why does Iceland have a respect for the

581
00:22:33,080 --> 00:22:37,679
rule of law and and and Britain has no

582
00:22:35,720 --> 00:22:38,720
respect National dignity the the

583
00:22:37,679 --> 00:22:41,480
Icelandic

584
00:22:38,720 --> 00:22:44,200
people thus demonstrated National

585
00:22:41,480 --> 00:22:46,080
dignity Max the public was as excited as

586
00:22:44,200 --> 00:22:48,520
we are to have you on our show so we've

587
00:22:46,080 --> 00:22:51,200
got some questions from them if you like

588
00:22:48,520 --> 00:22:52,760
hit you John F for example wants you to

589
00:22:51,200 --> 00:22:54,880
discuss the changes you would bring to

590
00:22:52,760 --> 00:22:57,520
the financial sector in London if you

591
00:22:54,880 --> 00:23:00,320
were in charge look there's really only

592
00:22:57,520 --> 00:23:03,000
one way to restore balance to the sector

593
00:23:00,320 --> 00:23:08,760
and bring some accountability raise the

594
00:23:03,000 --> 00:23:11,600
cost of fraud right now it's almost free

595
00:23:08,760 --> 00:23:13,880
ride on committing financial fraud

596
00:23:11,600 --> 00:23:15,840
because the cost of borrowing money is

597
00:23:13,880 --> 00:23:19,520
zero therefore the cost of committing

598
00:23:15,840 --> 00:23:21,480
fraud is almost zero so by raising that

599
00:23:19,520 --> 00:23:23,080
cost of fraud by increasing the risk of

600
00:23:21,480 --> 00:23:24,440
committing fraud you're going to reduce

601
00:23:23,080 --> 00:23:26,240
the amount of fraud being committed

602
00:23:24,440 --> 00:23:28,039
because the frosters right now are just

603
00:23:26,240 --> 00:23:30,200
being given a free ride the the Vault of

604
00:23:28,039 --> 00:23:32,159
the SA is wide open there's nobody

605
00:23:30,200 --> 00:23:34,200
watching it there's no oversight there's

606
00:23:32,159 --> 00:23:35,480
no law so how can you blame people from

607
00:23:34,200 --> 00:23:36,600
just walking up and stealing all the

608
00:23:35,480 --> 00:23:38,559
money of course they're going to do that

609
00:23:36,600 --> 00:23:40,159
you need to close the vault door you

610
00:23:38,559 --> 00:23:42,919
need to put a cage around the money you

611
00:23:40,159 --> 00:23:45,000
need to increase the risk Pelle says

612
00:23:42,919 --> 00:23:48,320
what good is Terrorism for the UK

613
00:23:45,000 --> 00:23:50,080
businesses like weapon sale gchq spying

614
00:23:48,320 --> 00:23:52,120
banksters

615
00:23:50,080 --> 00:23:55,320
corporations the terrorism business has

616
00:23:52,120 --> 00:23:58,480
never been more profitable for the UK

617
00:23:55,320 --> 00:24:00,799
you know I am quite amused whenever I

618
00:23:58,480 --> 00:24:03,559
see the likes of Piers Morgan tweeting

619
00:24:00,799 --> 00:24:06,480
about America's gun culture from inside

620
00:24:03,559 --> 00:24:08,400
the British establishment the biggest

621
00:24:06,480 --> 00:24:10,360
exporter of arms to the world the

622
00:24:08,400 --> 00:24:12,919
biggest Mass slaughtering machine now

623
00:24:10,360 --> 00:24:15,039
Saudi Arabia's biggest arms supplier

624
00:24:12,919 --> 00:24:16,600
how's that for terrorism right okay in

625
00:24:15,039 --> 00:24:18,840
fact the arms we're selling to Saudi

626
00:24:16,600 --> 00:24:21,240
Arabia are ending up in the hands of

627
00:24:18,840 --> 00:24:23,919
Isis and Al-Qaeda before they're even

628
00:24:21,240 --> 00:24:25,919
unpacked out the boxes right so where is

629
00:24:23,919 --> 00:24:27,520
the media on this where's the BBC

630
00:24:25,919 --> 00:24:29,320
where's Pierce Morgan he's out there

631
00:24:27,520 --> 00:24:31,440
saying oh America guys I got too many

632
00:24:29,320 --> 00:24:33,760
guns in America somebody just got shot

633
00:24:31,440 --> 00:24:35,640
in America Pi you you just you're

634
00:24:33,760 --> 00:24:39,520
sponsoring the biggest state terrorist

635
00:24:35,640 --> 00:24:41,440
in the world the United Kingdom Max what

636
00:24:39,520 --> 00:24:44,159
say goodbye

637
00:24:41,440 --> 00:24:47,279
goodbye thanks very much the one and

638
00:24:44,159 --> 00:24:48,120
only inimitable Max Kaiser for coming on

639
00:24:47,279 --> 00:24:51,080
the

640
00:24:48,120 --> 00:24:52,840
Sputnik Alas and I really mean that

641
00:24:51,080 --> 00:24:55,159
that's all we've got time for and it's

642
00:24:52,840 --> 00:24:57,960
the end of the show but you can stay in

643
00:24:55,159 --> 00:25:00,600
touch with us on Twitter at rtor Sputnik

644
00:24:57,960 --> 00:25:02,960
or Facebook Sputnik on Russia today it's

645
00:25:00,600 --> 00:25:07,520
goodbye from me gatri and from me George

646
00:25:02,960 --> 00:25:07,520
Galloway it really has been marvelous

647
00:25:11,290 --> 00:25:14,349
[Music]