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tv   Cross Talk  RT  June 14, 2021 12:30am-1:00am EDT

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elected officials are controlled by casino loaners. dang it, shooting. revealed wet b, l, v m p d really is. and now it's part of the spin machine to the american public barely remembers that it happens. that just shows you the power of money in las vegas. the powerful showed that true colors when the pen demik had the most contagious contagion that we've seen in decades. and then you have a mayor who doesn't care to. here's caroline goodman, offering the lives of the biggest residence. to be the control group, to the shiny facade. conceal of deep indifference to the people. why it's going to be said that they would take an action. absolutely keep the registering and keep the slot machines doing. this is a money machine is a huge cash register that is ran by people who don't care about people's lives being lost ah, financial survival guide, stacy,
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let's learn about say aloud. let's say i'm a joy and you're great grief on banks of the site. c wall street broad, thank you for helping with joy. that's right. last way. ah, hello and welcome to the rti interview. i am funeral about what is my supreme pleasure to have jim rogers here? international, fancier and author, jim, welcome to the race to have you here in saint petersburg. you're an eminent investor. you are an oracle, if you are ok and a lot of people go to watch it's interview. the world will come to me is received at least the industrialized part of the world is the pandemic is receding someplace is better than others. obviously,
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different governments have different reactions to it. and because of the different actions and reactions to the pandemic, we have, we have very different economic outcome. so we were to, as an aggregate, putting it together. where is the global economy going? is that we, you see a meaningful growth. and if it is, what kind of drugs are we seeing stagnation, the global economy stalling? what's the, if we could get the most accurate aggregate picture, what it would be, but things are getting better better. but peter, last year everything was closed. i live in singapore, the airport close. so if you have 5 flights a week that it's better 10 flights. so things are getting better everywhere and nearly all industries. but your question next question should be how long and how long i would suspect by the end of this year. next we're going to come to the end again. so much money was pumped into the world economy
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america, japan, everybody printed is. but is that a good thing? that's the next stage, because, you know, there's a huge, huge debate about inflation. what kind of inflation we have, is it leading to hyper inflation? because it begs issues of inequality and that could be in another one of these outcomes in the wake of this period. we are all this money printing is already leading to inflation. i mean, go to the shop. you don't shop your butler, does your shop. you don't know what we know the price isn't going, how did you turn the cable? we know the prices are going up and that's going to get worse because money put some economists say, and because the economy was shut down, the global economy, which had them. this is a natural reaction to opening up the problem for a lot of people. my butler, for example, is that, you know, getting it,
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everyone knows inflation is the cruelest tax on working people. how do you react to that here? because it is, it, is it, is it, it's something that we've already should expect and just expect for it to dissipate, or is it going to become pounded and basically pricing people, lot of an economy that just went through hell. this time is going to price a lot of people out of the economy because when all the money prices go up, there will be a reaction somewhere along the lot of correction. but then governments are going to print more money and they're going to get worse. you should get out and go home right now and buy some rice and put it in the front. okay. it was the you jumped ahead of me for the 2nd part of the program about, you know, what you should be investing your assets and, but let me go back to government reaction here. in this is the 1st global recession we have that was intentionally induced by governments. ok,
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you can't work in many places in the world, particularly the united states means you can't earn ok now that is very cruel on people here. so, i mean, was the reaction and i think you and i are similar to this here to, you know, throwing money is going to solve everything. well, you know, you and i know in our life and very rare, sometimes it does sometimes, but very rarely does it. and we have to figure out the, understand the consequences of your. but if we look at the american context, i was for cash payments because if you, you don't allow people to work, you have to allow them to live here. but during that crisis, but has we get out of it? you know that the, the, there is the argument where people don't want to go back to work. well, people don't want to go back to work for low wages here. and this is that, can, this is the quandary that we see. well, you know, sometimes the cure is worse than the disease and it seems to me that in the us, since we're talking about the cures worst and there is even got the highest number
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of cases, the highest number of the everything, everything you know, why do you think that is, well, america is not prepared to go back to trump. you know, mr. trump had 2 months notice. he didn't even have a test. you couldn't even get tested to see if you had the virus because he was know, if you were the governor of new york, you could keep go. most parts of the american economy were not, even though they had a lot of notice. you look at how china handled, if you look at how russia i handle it, most kind of handled it less badly than the u. s. i mean, nobody's done a great job. people are not everywhere. but in the us we were not. we did not act very carefully and were, have the worst record all of his closing down if you asked me. and we will know in a few years. but the closing now is going to make it worse. people die, you will have no money. they have no jobs. no,
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it's not. a lot of companies are going bankrupt. whatever. never come back or you're an international theory or an author like you to dabble a little bit in politic. this is enabled people to like people to be reliant on the state. this is a boon for them. ok. it's a boon. and i find that very, very drug troubling. this is a bone for the press love. well, you have something to talk about. yeah. you have a 1000000 for the entire time. yeah. and if it was my living room, you know, even when there was an economic disaster, the press has to cover it. it's always good for you. brittany. tina's briefing is very good in you. you have job security. somebody has to tell. nobody has to tell the bad news yet. somebody else didn't tell us how bad it is. but seriously here, i mean, when we, we, i see a whole lot of overreach when there is overreach. government very rarely recede and
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i really worry about that from a civil libertarian point of view. and then also talking about a dependency. and then we seem more than ever before inequality as well. i don't know if we see more in quality. we've always had any quality if you go back to japan 300 years ago, or china 500 years or in the, oh my god, you know, it's always been a huge, huge amounts of any quality in the world. now philosophers, religious people, generals, everybody tries to get rid of the inequality. nobody really. i would quibble with all of those examples that they would, they weren't in a democratic environment and we're told that everyone has a voice. ok in, in india of that time, japan of that time and there wasn't there and there was no social contract. that's maternity. maternity is a social contract. ok. and that's the deal. and so if,
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if you, if the state doesn't deliver on the good to the promises, then you have a lot more attention. and i would argue that inequality makes people more dependent on the vote because they feel that's the only thing they have to an ac social saying democracy is going to make us all rich. no, i'm actually i will make an argument saying that is the solution. it might be a solution, in my opinion, i'm not going to die on that hill. well, i with all due respect, i don't think relying on government is the best solution. ok, well we look at the metrics, friends, i'm an american you as a matter, if you look at the american post office, my goodness, american railroads, these are all owned by the government. one peter hopeless uses. now if you want a government to run everything, it's not in america experience. the more the government does, the less good. yes. you can also say that the,
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the commanding heights that are in private hands certainly get concierge service from the state. and i think that that is that again, problematic here, when you big to fail is a great position to be in. ok when you are a small entrepreneur a mid sized business. that's what made me really angry about the shut down. because the amazon's and the google's and the facebook, they're all protected here. when you were looking at people don't look to the government. and then being told that you can't make a livelihood. that is very damaging, because it is outrageous and the job can be worse than the disease. and in america, it is peter, if you get your advice from the american government, you're going to go, bro. i mean, you're going to be before you're going to be struggling. i do not rely on the american government for my investment advisor or any advice because i know that this not just a man. i think most government. yeah. because as he said, i mean,
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i'm trying to be neutral here. i think most governments reacted very badly, but none of them are prepared for it. and that i think that is a mistake, because people have forgotten. we've had pandemic all through human history and forgetting that it can pop certainly happen here. and being prepared should have been part of their remit. and they worked in some governments were far worse prepared than other peters. you know, we've had many pandemic. never before. did they close mcdonalds? we'd never before never did. what's the difference? is they never warranty healthy. that's the 1st time in history, quarantining the healthy instead of warranty. never in no, no panoramic in history, did they close mcdonalds airlines, etc, etc. a cure can be worse than it is. it is, and i'm sure we're going to find in a few years. this was a terrible disaster by the government, by most government argument. if quickly go to a break here in one minute here. what was, you know, you were living in singapore?
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what was the experience of the locked down there and how the government dealt with it? singapore was doing great. and then they locked down and things got worse. no, literally, singapore has a lot of foreign workers for us is they've put them all in big dormitories, locked them down. well, of course they got infected each other. they were allowed locked in a room, 300000 workers, lock and dorm yourself. now i was not, i'm not one of those workers. i wish i know i don't have a job. but and things got worse in the singapore before people were out about in the sun, on the equator. and the sun is good for the virus. like everybody. we had worse so much, don't know what they're doing, even singapore. so you must be happy to be here in russia. we use the people not wearing math. well i like russia and so i'm happy to be ok on that. no, we're going to go to a short break, and after that short break,
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we'll continue our discussion with jim rogers on the global economy. stay with our team. i was driven by a dreamer shaped by 10 percent of those with this in me dares thing. we dare to ask me ah, [000:00:00;00]
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cruise ah, welcome back to the rti interview. i'm peter labelle. i have the privilege to be interviewing him. rogers international investor and author it let's kind of spread it out from the 1st part of the program here. give me some advice. ok, as the financial advice advice i can go to the bank on ok because i want it to be really good globally. what are the sectors the got hit, the hardest during this experience and the ones that profited from an online people obviously did well. well, i have learned in my invest in korea that it when those a disaster, there's also an opportunity travel, tourism airlines, transportation destroy the airport singapore close. so i find,
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i hope i found opportunities in travel and tourism, you know, things like that. the actual coach is a disaster. i also, i think i've found opportunities in agriculture. i'm a director of a company called agro. it's moving because agriculture is coming back. cycle also has the advantage that is cadmium free, new tad. it's heavy metals while most for love as heavy metal. whatever reason why cycle has no heavy metals, so it's got a natural advantage. so agriculture is doing well tourism travel, chinese. why? and i bought a chinese wine company that's new to me. good. that's why people didn't go to the bars, they don't go to the residence, but now they're going back, you know, things they got heard in my view, that's where i am looking for and finding advantages. in the 1st part of the program,
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we talked about this injection of enormous funds cash into the economy. here is a smart money taking that and putting it into hard assets, like you said in agriculture. well, it seems to be agriculture is ultimately probably always husband because god isn't making any more real estate. right. well, if those inflation, the price of things, food, rice, potatoes, cotton, the price of thing is go higher and as commodities and commodities have been bad for a long time, and they're worth money printing. so i don't know if i know what i'm doing, but i've certainly buying, i think you too hard asset, you know, one of the prickly points that we see in the, in the global economy, silver, the silver. thank you. thank you. that's not a give us russian silver. you read russian? yes, i can. ok. yes. this is russian 1014. okay. don't spin it all in the
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same place. ok. and go to politics. now the normal market activities is interrupted by something that irritates a lot of people and it's called sanctions here. how decide interrupt commodity prices, trade trading patterns here because it seems to me, unfortunately, that we see some countries using sanctions as a political tool to actually damaging economies for political reasons here and, and basically, you know, asia as well as anyone you see the world being bifurcated, i mean turning, you know, really kind of dividing the, the global economy and how well to question. but 1st of all, the sanctions have rarely worked rarely work except maybe a week, maybe a month. but the world always figures
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a way to get around the same whether it's whatever it is that's was sanctioned, don't work. politicians get publicity, and they say see, i am saving the world, ha, saving themselves and they're making friends, rich, their friends get around the sanction. so sanctioned, don't work, are not good. and i can think of no cases in history where sanctions have been success. maybe there is one, but i don't know, but to be i agree with you, but a big, it's used to being used as a political tool more and more often. so i'm actually mystified why, where there is no real empirical evidence of where they're effective, but they seem to be applied more more frequently. is it because it's because there's a lack of political imagination the they, it's short term because i think in many times where it is showing people, we have done something. it's much more theater. competitions are not smart people,
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you know, american studies show that the people who are successful and policy, the people who are good at playground, in schools, in the playground they were very, very popular. everybody loved them, but they didn't know what they were doing. good place. so that's what, that's american politician. these people are not smart people. i think sometimes they go into politics, they can't do anything and that's where they can go to job. can't get a real job going from sanctions. it's going to another important point that i think is something that is very, very dangerous. here we see the politicization of the american dollar. this is called the tail of sanctions here. so i can answer that question. people will go into different currencies to get done. what they want to do, it does it, but the dollar is supposed to be a currency in and of itself is a, a medium of exchange, but it's being politicized. isn't that damaging the dollar heater?
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no currency has been the number one currency for more than 100 years in his we've had lots of, but none, and the dollar is coming to and in many people are trying to find a competitor to the us. let us open it womb. yes. i mean, you, us, senate no, a media movie change is supposed to be neutral. but if washing and you're saying where you sanction you cannot use the us dollar one. so people, so when wait a minute, that's not the way it's supposed to work. so now they're looking for competing current is china, russia, india? i mean, all these countries are saying we got to find something else. so the us is our, is coming towards the end. it mean not only, but that's dangerous because there's a lot of doctors floating around in the world. if people stop using that, those dollars, those dollars go home, isn't that danger and see it and that's always happened. the pounds sterling stopped. the spanish money used to be the number one,
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the dutch mother used to be number one, the french used to be it, they all ended francis. still england is still there. america will still still be there, but the currency will not be what it is now. is that a good thing to have competing currencies? would you like would you like to do that 30 years? i'd rather be able to use anything i was rather than the government that you must use is no, had you, let's say, with the tail end of the pandemic here. what are the, what are the most important trends that you see? i mean, is it more self reliance? is it looking at different kind of trade patterns? i mean, what is the lesson to be learned? i mean, we could use the american one is that maybe you should have like masks and p, p on, on hand. maybe that wouldn't be a bad idea. you know, what i'm saying is that, you mean, you know,
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these chain trade trading exchange or patterns that people have, is that we found out in the united states that antibiotics were almost all produced in china. i mean, does, does particularly the u. s. government have the horse sense to say, we have to have these kind of industries here because you're a big proponent to private industry. ok. i mean, and i think this is where the tension is because private industry is and always looking out for the best. the best condition for consumers are there to make money here. that is, that's, that came in, glaring, became obviously a very defective. the american economy is to join another approach to that. asia has done a less bad job, but that's because they had the sorrows up to make and they learn, learn, learn some learn. he didn't just say they learn, they were better prepared than the u. s. was i mean, i don't like saying this, i'm an american, but it is very clear. mr. trump didn't even have cast. you couldn't know if you had
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the virus or not. there were no tests. so asia was better prepared. they say because of experience and for whatever reason they have done a much, much better job. you think we've seen this big growing controversy in the united states with the origins of the virus and it's being turned into a political football. i think you and i and our audience wants to know how this all started. i think that's a fair thing to ask. what do you think? because it's being politicized, is that there's been going to be a serious global initiative to deal with the next 10 demik because i think that's all things being equal. that should be something we should also be thinking about. but considering how it's being politicized here, it seems to me that this would be a missed opportunity. i would love for the world to be better prepared next time we've been having a demo for a long time. you know, in 2009 there was
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a huge damage in the us. the bird flew didn't help us. we didn't get better prepared. asia did have the problem and sorrows in 2000 to 3 and they were better prepared. i hope i hope that we learn from this, but, you know, peter, the main lesson of history is, people do not learn the lessons of history. you know, you can say here it is in history. who care its own. mr. trump says he's smarter than history. the unfortunate thing is that it's all political expediency in the moments and to get through the news cycle and, and not learn from the house. i think that is very tragic mostly, and i think you are. and the way we started this interview here is going to be years from now to like to really understand the, the, the total impact that this has had. and i hope in the meantime, some lessons are going to be learned because it seems to me that that's not the case. when i see the tensions growing between russia, i'm sorry, china,
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in the united states. i don't think there's going to be really that kind of conversation. it could be the beginning of a conversation for relations, but i don't see that happening right now. unfortunately, throughout history, when things go wrong, people blame the farmers. it's easier to blame the different skin, different language, different food, if it's easier to blame the far than politicians all over the world throughout history new. do you think that the, there's the last question here, american industry, that the titans of industry, they, they will learn from this about being more prepared. because it's, if you're, if you're more interested in easy money, you're not going to be thinking about that. you know what i'm getting at? i mean, if you get people have made a lot of money in china, a lot of money here, and there's very has it. i'm not interested in punitive action. i'm interested in understanding what happened to avoid the next one. last answer, i hope we can learn what happened, but again, throughout history,
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you remember the spanish flu? hundreds, not literally, but i know a lot of directly spanish flu started in kansas can started in the mid west. right? no matter what america good p r. they said the spanish flu. yeah. well they were going to be called fake news. very telling the real origins of that and it was like 55000000 people buy and i think a lot, i don't know. i wasn't there, i ended up on a very pessimistic know we ended up on the spanish flo as we were talking about cobra here. jim rogers, thank you very much for talking to are to you later you again soon. the need to major. ah, ah, i one of the worst ever mass shootings in america was in las vegas in 2017. the tragedy a close
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a little of the real last vegas. where many say elected officials are controlled by casino owners. the vegas shooting revealed what? the l v m. p d really is and now it's part of the spanish sheen. of the american public barely remembers that it happens just shows you the power of money and las vegas. the powerful showed that true colors, when the pandemic had the most contagious contagion that we've seen in decades. and then you have a mayor who doesn't care. so here's caroline goodman, offering the lives of the biggest residents to be the control group. to the shiny facades conceal a deep indifference to the people by going to say that they would take an action. absolutely keep the registering and keep the slot machines doing. this is a money machine is a huge cash register that is ran by people who don't care about people's lives
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being lost. look forward to talking to you all. that technology should work for people. a robot must obey the orders given by human beings, except when the shorter the conflict with the 1st law show your identification. we should be very careful about artificial intelligence. the point obviously is to rate truck rather than fear take on various jobs with the artificial intelligence we'll summoning the demon a robot must protect his own existence with awe. i've got a little phoenix up to one of them has actually got
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a little uncovered face men's, clothing and shoulder stuck. it's a kind of gun feminism. its name is how camino bought it up, put a human. some of the whole mother that of us is, was up on the job, but you don't want me. she lives in one of the most dangerous and patriarchal provinces of afghanistan cost. why she, which time i miss that? sure, no, i shall do that. that update it. sure i'm glad. yes that i've got. he knows that she does her best to fight for women's rights. i am not able to get that done as you would. i do know that
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she's known him by her nickname. the king was i got to reco much other. that was really a good one day i i 1st us rushes, some of the by did ministration looming, then the us president coles put in an autocrat. setting the tone for the upcoming face to face the celebration in israel mixes with doubts about the jury ability of the countries. new coalition government, which ended netanyahu's 12 year rule, joe biden promise his half a 1000000000 doses of coven jobs for poor nations. but it seems not for everyone

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