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tv   Interview  RT  June 14, 2021 12:30pm-1:00pm EDT

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and also, according to the latest survey, a significant majority of the countries against the plant, pardon central southern russia, a chemical plant explosion in the u. s. city of noise has sent massive plumes of black smoke billowing high into the air. the authorities of order the evacuation of a nearby residence, no injuries to be reported in the incident, the capital factory is issued a statement saying that it's still investigating the cause of the blast. so the 3 people have reportedly been injured by a large blast in the russian city of novice abyss. gates are in critical condition . the explosion came after a fire broke out or the petrol station with the axes and apparently involving a delivery truck. firefighters were initially hampered by 6 smoke, but they have since managed to put out that blaze. and that's the way it looks for moscow. for this out, thanks for watching you next updates with andrew farmer about half an hour and me. ah.
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when i was shot the wrong one, all just don't the rules yet to see out. the thing becomes the attitude. an engagement equal betrayal. when so many find themselves will depart, we choose to look for common ground. ah, hello, and welcome to the r t interview. i am peter lavelle. it 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
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is better than others. obviously, different governments have different reactions to it. and because of the different actions and reactions to the pandemic, we've had, we have very different economic outcomes. so we were to, as an aggregate, putting it together. where is the global economy going? is 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 flight. so things are getting better everywhere and nearly all industries. but we'll question next question should be how long and how long i would suspect by the end of this year or next we're
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going to come to the end. but then so much money was pumped into the world economy america, japan, everybody printed is. but is that a good thing? see that? 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 shut your butler, those you're shopping. you don't know what we know. the price isn't going to teacher the cable. we know the prices are going up, and that's going to get worse because when the money put some economists say, and because the economy was shut down, the global economy, which shut down. this is a natural reaction to opening up the problem for
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a lot of people. my butler, for example, is that, you know, it's getting it. 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 is 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, they'll be a reaction somewhere along the lot of correction. but then governments are going to print more money and it's going to get worse. you should go home right now and buy some rice and put it in the front. okay, let's see what you jumped ahead to 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
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we have that was intentionally induced by governments, ok, 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 mare 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 how's we get out of it? you know that the, the, there is the argument. well 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 and z and it seems to me that in the us,
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since we're talking about the cures worst and it is easy. now, if you got the highest number of cases, the highest number of deaths, the everything, everything. why do you think that is? well, america is not prepared to go back to trump. you know, mr. trump had too much noticed. 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 are the governor of new york, you could keep the most part of the american economy were not prepared even though they had a lot of notice. you look at how china handle and you look at russia handle it most kind of handle it less badly than the us. i mean, nobody's done a great job. people are di everywhere. but in the us we were not. we did not act very carefully and were, have the worst record, but all of his clothing down, if you ask me and we will know in a few years,
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but the closing now is going to make it worse. people die, you will have no money. they have no jobs. no, it's not. a lot of companies are going bankrupt, whatever. they'll never come back or you're an international theory or an author like you to dabble a little bit in politics. this is enabled people that 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. you have james lilian for the entire time. yeah. even if it was for 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, it's very you, you have job security that somebody has to tell. nobody has to tell the bad news yet. somebody else and tell us how bad it is. but seriously here, i mean, when we,
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we, i see a whole lot of overreach and when there was overreach, governments very rarely recede. and 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 a 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 would, i would quibble with all of those examples and they would, they weren't to the democratic environment and we're told that everyone has a voice. ok in, in, in india of that time, japan of that time and there wasn't there and there was no social contract. that's
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maternity. maternity is a social contract. ok. and that's the deal. and so if, if you, if the state doesn't deliver on the good to the promises, then you have a lot more tension. 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 act social. so you're saying democracy is going to make us all rich. no, i'm actually i will make an argument do that, but i'm just, i'm just echoing with the leads are having to say they're saying that solution. i'm not saying that is a 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 met. i'm an american all you as a matter, if you look at the american post on peter, hopeless use it. now if you want a government to run everything,
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it's not in america experience. the more the government does, the less good. yes. and you can also say that the, 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 that 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, 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 striving. i do not rely on the american government for my investment advisor or any advice because i know that this not
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just a man. i think most government. yeah. because as he said, i mean 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 possibly 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? mcdonald's? never before. never did. what's the difference? they never warranty healthy. it'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. your 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,
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by most government or jimmy to quickly go to a break here in one minute here. what was, you know, you were living in singapore. what was the experience of the lot down there and how the government dealt with it? singapore was doing great, and then they locked down and things got worse. no, literally we see where a lot of foreign workers for us is they put them all in big dormitories, locked them down. while of course they got infected each other. they will allow locked in room 300000 workers locking doors for yourself. now i was not, i'm 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 got worse so much, don't know what they're doing, even to 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,
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we're going to go to a short break it out about short break. we'll continue our discussion with jim rogers on the global economy. stay with r t i the ah, ah me. ah, do it again. which phoenix has actually got to
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come and face men's, clothing and shoulder holster. it's a kind of has gone feminism. its name is hook me up, put a human level, some of the whole model that it was. it was a lot of up up on the job, but you don't want me. she lives in one of the most dangerous and patriarchal provinces of afghanistan cost lacey, which time i thought, sure, no problem when i shot that updated kit on. but yes, that i've got enough that she does her best to fight for women's rights. i am not going to get that done. as you know what i do know that she's not here by her nickname,
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the king. the other that was i got a reco much other that was really good. one day i me who want to make sure, you know board is under blind number please. as emerge. we don't have authority. we go to the back seen the whole world, leads to take action. ready? not a joke. people are the judge, you know, come crisis, we can do better, we should be better. everyone is contributing each in their own way. but we also know that this crisis will not go on forever. the challenges to response has been massive. so many good people are helping us. it makes us feel very proud that we
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are together in ah, welcome back to the art the interview on peter labelle. i have the privilege to be interviewing him. roger's international investor and author, it lists 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 investing korea, that is when those a disaster, there's also an opportunity travel, tourism airlines, transportation destroy the airport in singapore close. so i fine,
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i hope i found opportunities in travel 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 phos, agro. it's moving because the agriculture is coming back. so i can also has the advantage that it had me on free. you know, i had heavy metals, most of our lives as heavy metal. whatever reason my cycle has no heavy metal. 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 advantage 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 acids. like you said in agriculture? well it seems to be agriculture is ultimately always has been 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 made it worse, money printing, so i don't know if i know what i'm doing, but i've certainly buying, i think, either 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 russian silver. you read russian. yes, i can. ok. yes. this is russian 1014. okay. don't spin it on the
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same place. ok? it's good politics. now. the normal market activities is interrupted by something that irritates a lot of people and it's called sanctions here. how does that 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 turn it, 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
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a month. when the world always figures a way to get around the sanctions, whether it's a black, 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. busy 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 use of 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 it's a lack of a political imagination the they, it's short term because i think in many times before it is showing people,
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we have done something. it's much more theater. you know, politics are not smart people. you know, american studies show that the people who are successful at policy, the people who are good at playground, in school, in the playground, they were very, very popular. everybody loved them, but they didn't know what they were doing, you know, a good place. so that's what, that's american politicians. these people are not smart people. i think sometimes they go into politics because they can't do anything and that's where they can go to job. it 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 an in many people are trying to find a competitor to the us. let us self inflicted wounds. yes. i mean, you just said it a medium 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 dangerous? and that's always happened. the pounds sterling stopped. the spanish money used to
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be the number one, the dutch mother used to be number one, the french used to be it, they all ended with 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, would you like to do that? certainly, as i'd rather be able to use anything i want rather than the government that you must use is no, hadn't 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. 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 isn't 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 defect of the american economy. well, to join another approach to that asia has done a less bad job, but that's because they had the sorrows up at the make and they learn, learn, learn, 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,
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i'm going to america, but it is very clear. mr. trump didn't even have cast. you couldn't know if you had the virus and 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. i 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 isn't 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 up at them in the us. the bird flew didn't help us. we didn't get better prepared. asia did have the problem in sorrow than 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 cares its own trumps as 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 if this is had. and i hope in the meantime, some lessons are going to be learned because it seems to be there as well. because
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when i see the tensions growing between russia, i'm sorry, china in the united states. i don't think this is going to be really back 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 is the last question here, american industry, that the titans of industry, that 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 dance. i hope we can learn
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what happened. but again, throughout history you remember the spanish flu? hundreds, not literally, but i know a lot of directly the 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 die and i think a lot, i don't know. i wasn't there. right. we ended up on a very pessimistic. know we ended up on the spanish flo as we were talking about coping here. jim rogers, thank you very much for talking to are to you later. you again soon the made to me to ah ah, ah, me, ah,
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the this is your media a reflection of reality the in the world transformed what will make you feel safer? type relation for community you going the right way? where are you being somewhere direct? what is true is breaking in a world corrupted. you need to defend the join us in the depths or remain in the shallows. ah, in
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the headlines, it's no stability or predictability from the united states. let me tell you to regret the state to the relationship in an interview with n b c. a head of his 1st stomach with president biden, also to come barbed wire and rooftop snipers shattered the nato summit in brussels . wire lines, chief double dime on the supposed the threat from russia and also china and joe biden promises half a 1000000000 doses of jobs for poor nations. but it seems they won't be available to every body. we look at how washington is favoring it's allies. i suppose i.

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