Transcript

Credlin | 23 October · Credlin

0:02
Speaker 1: Peter krandlerd Live on Sky News Australia.
0:08
Speaker 2: Good evening, Welcome to the program. Here's what's coming up
0:10
Speaker 2: tonight on the program. Revelations today that at a time
0:14
Speaker 2: we should be bolstering our defense budget, we're in fact
0:16
Speaker 2: gutting it. It's all a bit a bit of a
0:18
Speaker 2: smoke and mirrors act or bit. The PM's happy he
0:20
Speaker 2: got away with it before that meeting with Donald Trump.
0:23
Speaker 3: Earlier in the week.
0:25
Speaker 2: An Australian renewables company in the firing line after picking
0:28
Speaker 2: up a two point six billion dollar contract on the
0:31
Speaker 2: taxpayer before they've outsourced a lot of the work to
0:34
Speaker 2: the Chinese government. The Opposition quite rightly wants an inquiry.
0:38
Speaker 2: But is this an isolated incident or in that shortly plus,
0:43
Speaker 2: Tony Abbott will give us his tips for how the
0:45
Speaker 2: Coalition should manage its net zero dilemma. We know there's
0:48
Speaker 2: a showdown looming next week when the Parliament returns. We'll
0:52
Speaker 2: also see how the release of his new history books going.
0:55
Speaker 2: And get your head out of San Premier. A former
0:58
Speaker 2: labor minister tells Jacinta Rallied that she's going to take
1:01
Speaker 2: Victoria's crime crisis more seriously and also get tough on
1:05
Speaker 2: those weekly protests.
1:07
Speaker 4: We've got countless examples of businesses in the CBD being
1:12
Speaker 4: damaged and staff being terrorized by people who are theoretically
1:18
Speaker 4: supposedly meant to be peacefully protesting.
1:23
Speaker 3: Alla Loujah.
1:24
Speaker 2: There at a former labor front bench of at first
1:26
Speaker 2: a Prime minister might have avoided a White House dressing
1:30
Speaker 2: down over defense spending. But that's only because we have
1:33
Speaker 2: learned today what wasn't out there publicly what he met
1:37
Speaker 2: with the President earlier in the week. Because while on
1:40
Speaker 2: paper Australia has made commitments to pay for nuclear submarines,
1:44
Speaker 2: it won't arrive for almost a decade. We are cannibalizing
1:49
Speaker 2: the current defense budget.
1:50
Speaker 3: To do that.
1:52
Speaker 2: Today The Australian revealed the brutal cuts that have been
1:55
Speaker 2: made to every other part of the defense budget to
1:58
Speaker 2: pay for a stronger Nay in the distant future. Defense
2:02
Speaker 2: is being ordered to delay projects, the paper said, slash
2:06
Speaker 2: maintenance costs and cut workforce spending in a severe austerity
2:10
Speaker 2: drive as the soaring costs of nuclear submarines and new
2:14
Speaker 2: shipbuilding programs undermine the nation's readiness for conflict.
2:19
Speaker 3: Now, don't get me wrong.
2:20
Speaker 2: I absolutely support our nuclear submarines, and I warn us
2:26
Speaker 2: to get them as quickly as possible. And I also
2:29
Speaker 2: support a stronger, larger Royal Australian Navy. But neither of
2:34
Speaker 2: these things can come at the expense of all the
2:37
Speaker 2: other jobs our armed forces might have to do, like
2:42
Speaker 2: fly combat aircraft, like train our soldiers, utilize armored vehicles,
2:46
Speaker 2: build a new surface fleet of ships, control our borders,
2:50
Speaker 2: and generally be ready to deploy as quickly and as
2:55
Speaker 2: were necessary. The Head of the Air Force, Stephen Chapel,
2:59
Speaker 2: has reportedly initiated reviews of capability and sustain and costs
3:03
Speaker 2: to quote mitigate over spending and quote address budget challenges.
3:09
Speaker 2: Meaning poor old Chapel's got the government breathing down his
3:11
Speaker 2: neck to cut wherever he can to save the government's
3:15
Speaker 2: face because it's promised big on orcast but right now
3:19
Speaker 2: doesn't have the budget wherewithal to deliver much at all.
3:23
Speaker 2: As well, the Chief of the Defense Forces capped the
3:25
Speaker 2: number of days a reservists can serve in any one year.
3:29
Speaker 2: It's at one hundred and fifty days. It's down from
3:31
Speaker 2: two hundred. That's another cost cutting measure. So much for
3:35
Speaker 2: the Albanezy government's claim to be making the biggest ever
3:38
Speaker 2: peacetime increase in Australia's defense spending. Now, there are two
3:43
Speaker 2: problems here with these latest revelations. First, we simply don't
3:48
Speaker 2: spend enough on our military. Two percent of GDP should
3:52
Speaker 2: very quickly become three percent of GDP, I'd argue pretty
3:57
Speaker 2: much immediately. And second, everything we buy is way more
4:02
Speaker 2: expensive than it should be. For instance, our coming Hunter
4:05
Speaker 2: class frigates or they're currently slated to cost US almost
4:09
Speaker 2: six billion dollars each. Six billion dollars that is four
4:15
Speaker 2: times the cost of the same comparable ship out of
4:18
Speaker 2: the United States.
4:20
Speaker 3: The UK's Royal Navy ship.
4:21
Speaker 2: On which our Hunter frigates are based reportedly cost them
4:27
Speaker 2: just two point five billion in Aussie dollars, So why
4:30
Speaker 2: does it cost so much more when Australia buys it.
4:34
Speaker 2: Spending more and spending better on national security is one
4:38
Speaker 2: of the most urgent challenges we face, but it's likely
4:42
Speaker 2: to be met by this government with pretty good aren't they,
4:45
Speaker 2: and making announcements, but absolutely hopeless at delivering on them. Now,
4:55
Speaker 2: look as a Victorian born and bred and someone now
4:57
Speaker 2: who lives in the inner city of Melbourne. It's hard
5:00
Speaker 2: not to despair over a state that's both broke and broken.
5:05
Speaker 2: Every night at the moment, I seem to sit here
5:07
Speaker 2: and bring you yet another horror crime story. Followed up
5:11
Speaker 2: with some commentary from the premiere that she says Melbourne's
5:14
Speaker 2: safe when no one believes a word she says anymore,
5:18
Speaker 2: given what's happening in their homes and in their suburbs.
5:22
Speaker 2: Victoria used to be the industrial heartland of Australia, with
5:26
Speaker 2: big businesses headquartered here in Melbourne and coal fired power
5:30
Speaker 2: out of the Latroe Valley helping to make the state
5:32
Speaker 2: an economic locomotive pulling Australia forward. We had restaurants to
5:37
Speaker 2: rival international cities and tree lined streets that had retained
5:41
Speaker 2: much of the agricultural past, making Melbourne usually in the
5:47
Speaker 2: top one, two or three of the world's most livable cities.
5:52
Speaker 2: When our enterprise is fleeing Victoria, the only booming business
5:56
Speaker 2: is the bureaucracy. But most of the bureaucrats now work
5:58
Speaker 2: from home to the Melbourne Sea is dying. Crime, as
6:02
Speaker 2: you know, is out of control, and the bunch's so
6:04
Speaker 2: deeply in debt that the rest of the country might
6:07
Speaker 2: soon have to bail out Victoria. Perhaps most spiriting of
6:11
Speaker 2: all is the fact that the poor performance of the
6:13
Speaker 2: Labor government is only exceeded by the effectualness of the
6:18
Speaker 2: Liberal opposition. Yet, because Victoria has become the template for
6:22
Speaker 2: labor governments everywhere, the prospect for the Victorianization of Australia
6:26
Speaker 2: is James Patterson warned last week, what's terrifyingly real. This
6:32
Speaker 2: means higher taxes, more regulation, the triumph of climate and
6:36
Speaker 2: identity politics, economic decline and social fragmentation because the Labor
6:42
Speaker 2: Party that's good at politics but hopeless of government is
6:45
Speaker 2: opposed here in Melbourne and now in Canberra two by
6:50
Speaker 2: a liberal national opposition that doesn't know what it believes
6:53
Speaker 2: in and won't argue the case. The statistics tell oblique story.
6:59
Speaker 2: In the year to June, the nearly half a million
7:02
Speaker 2: criminal incidents recorded by Victoria Police. In Victoria, that's up
7:05
Speaker 2: nearly twenty percent on a year earlier. Major retailers recently
7:10
Speaker 2: wrote to the Premiere citing a thirty percent surge in
7:14
Speaker 2: retail crimes in the year to June. Motor theft is
7:18
Speaker 2: up forty two percent, and aggravated burglaries linked to car
7:22
Speaker 2: theft are reportedly up to one hundred and twenty percent over.
7:27
Speaker 3: The past five years.
7:28
Speaker 2: As well, Business insolvencies in Victoria are up thirty four
7:32
Speaker 2: percent year on year. Victoria's unemployment is the worst in
7:36
Speaker 2: the nation despite the public service hiring spree, and job
7:40
Speaker 2: adds are down sixteen percent year on year one one
7:45
Speaker 2: hundred and fifty billion dollars in debt. Victoria's net dead
7:49
Speaker 2: is now the highest of any state, and it's increased
7:52
Speaker 2: more than sixfold from just twenty two billion when the
7:57
Speaker 2: current Labor government in Dan Andrews first took Since twenty fourteen,
8:02
Speaker 2: Labour's added or increased some fifty taxes or charges. And
8:07
Speaker 2: while the Victorian government is by far the most green
8:09
Speaker 2: left in Australia, every labor government is following Victoria's lead
8:16
Speaker 2: in pannering to what causes and piling further restrictions on business,
8:20
Speaker 2: particularly over climate. In Victoria, gas extractions actually now banned
8:26
Speaker 2: in the state's constitution, and its emissions reduction target is
8:30
Speaker 2: the highest in the country. It's an utterly unachievable eighty
8:35
Speaker 2: percent by twenty thirty five. And just wait until the
8:39
Speaker 2: new Aboriginal Treaty is ram through the Parliament and all
8:43
Speaker 2: the reparation billions start to flow, even though the Federal
8:48
Speaker 2: Voice was rejected almost fifty five percent by Victorians. What's
8:52
Speaker 2: happened here is that the decline of Victoria has been
8:56
Speaker 2: expedited by an opposition that's either been Labor light or
9:00
Speaker 2: it's only ineffective in mounting a successful campaign. Now the
9:05
Speaker 2: last election and under two time loser Matthew Guy, even
9:08
Speaker 2: after two years of the world's longest lockdowns, the Victorian
9:13
Speaker 2: Liberals went backwards, and while Brad Batton, the current state leaders,
9:18
Speaker 2: finally creating a bit of a contest with Labor around
9:20
Speaker 2: crime and policing, he's still subject to internal undermining, even
9:25
Speaker 2: though nothing would more surely do Victorians to another term
9:29
Speaker 2: of Labor than yet another liberal leadership coup. Worryingly, in
9:35
Speaker 2: much of the same intellectual confusion and political dithering is
9:39
Speaker 2: now rampant within the coalition Federally, it should be obvious
9:43
Speaker 2: from the election results in twenty twenty two and twenty
9:46
Speaker 2: twenty five that me too in Labor on ED zero
9:49
Speaker 2: has been politically disastrous For all the talk that would
9:53
Speaker 2: win them seats, in fact they've gone backwards. It hasn't
9:58
Speaker 2: won them seats on the left. So now with even
10:00
Speaker 2: conservative voters turning away from the coalition, the real fear
10:05
Speaker 2: is it'll get worse.
10:07
Speaker 3: So if you think.
10:08
Speaker 2: Federally for the Liberals that this is rock bottom, think again.
10:12
Speaker 2: Unless they start listening to their supporters, they will continue
10:16
Speaker 2: to fall. So enough of this nonsense. If you can
10:21
Speaker 2: reject climate targets for twenty thirty five but still keep
10:24
Speaker 2: them as an aspiration for twenty fifty, well that's crackers.
10:29
Speaker 3: Next week is make or break.
10:31
Speaker 2: For the coalition and Susan Lee needs to understand as
10:34
Speaker 2: much as her jobs on the line, so too is
10:38
Speaker 2: the future of the Liberal Party. All right, let's get
10:45
Speaker 2: the headlines now. Skynier's political reporter Ruben Spargo.
10:50
Speaker 5: An Australian defense officer, will be deployed to Israel, joining
10:53
Speaker 5: international efforts to uphold the ceasefire with HERMAS. It marks
10:58
Speaker 5: Australia's first direct involvement to the US led peace process.
11:02
Speaker 6: We want to contribute to peace and stability across the
11:04
Speaker 6: region and this is one way that we can help
11:06
Speaker 6: achieve that.
11:07
Speaker 5: The single Defense liaison officer will join two hundred American
11:10
Speaker 5: troops and will assist with planning and logistics. Another Liberal
11:15
Speaker 5: MP has failed to back the Opposition leader's initial call
11:18
Speaker 5: to sack Ambassador Kevin Rudd. Andrew Hasty joins a growing
11:22
Speaker 5: list of Coalition members who have distanced themselves from Susan Lee.
11:27
Speaker 5: The leader is not repeating her demand, she's also not
11:30
Speaker 5: retracting it.
11:31
Speaker 7: It was an embarrassment and it was clear too that
11:35
Speaker 7: the ambassador's presence is putting pressure on a relationship that
11:39
Speaker 7: needs to succeed.
11:40
Speaker 5: Susan Lee is dodging questions about whether she's undermine her
11:43
Speaker 5: own leadership by demanding the dismissal. National Senator Bridget McKenzie
11:48
Speaker 5: is calling on leader David Little Proud to mend ties
11:51
Speaker 5: with Barnaby Joyce. The outgoing member for New England, claims
11:54
Speaker 5: his relationship with the Nationals leader has broken down.
11:58
Speaker 8: Better when we all fight together, and it's really up
12:01
Speaker 8: to David to really repair that relationship so that that
12:04
Speaker 8: can happen.
12:05
Speaker 5: Barnaby Joyce says he's considering all options for his next move.
12:12
Speaker 3: All right, joining me now.
12:13
Speaker 2: Daily Telegraph journalist James Willison, Scarnese contributor Caroline Kats and
12:17
Speaker 2: Barnas welcome to you both, James, I want to pick
12:20
Speaker 2: up in the Smoke and Mirrors Act, that is our
12:22
Speaker 2: defense budget.
12:24
Speaker 3: Yes we neither.
12:25
Speaker 2: It's all subs, but they are a decade away, and
12:27
Speaker 2: right now, as I've just explained, to pay for them,
12:30
Speaker 2: we're cannibalizing the defense force.
12:32
Speaker 3: In almost every other area.
12:35
Speaker 2: And I'll say this again, I mean, Labor are good
12:36
Speaker 2: at an announcement, but I'll tell you what they are
12:38
Speaker 2: shocking when it comes to getting things done and gutting
12:42
Speaker 2: our military for submarines that are years and years and
12:45
Speaker 2: years away. Well, it's no surprise this was kept secret
12:48
Speaker 2: until after Tuesday's White House meeting?
12:51
Speaker 9: Is it?
12:52
Speaker 10: That's true, Peter, because it would have been a question
12:55
Speaker 10: that would have been brought up multiple times when Donald
12:57
Speaker 10: Trump sat down with Anthony Albanezi earlier this But I
13:00
Speaker 10: think there's a couple of key things here, and You're right,
13:02
Speaker 10: Labor need to take the majority of the blame because
13:05
Speaker 10: they had promised and had planned to increase defense spending,
13:09
Speaker 10: particularly around the procurement of weapons and equipment, and that
13:13
Speaker 10: just hasn't happened at this point in time in the
13:16
Speaker 10: timeline that they anticipated. We've got a lot more work
13:19
Speaker 10: to do in that space. The other one is just
13:22
Speaker 10: dud decisions from a Defense force that as of bureaucracy,
13:25
Speaker 10: just seems to pull the wrong rain on too many occasions.
13:28
Speaker 10: We've heard today in that story in the Australian newspaper
13:31
Speaker 10: about frigates now costing nine billion dollars each. Similar American
13:37
Speaker 10: ships I think are about like you know, they're four
13:39
Speaker 10: times as much as what these American ships are, And
13:42
Speaker 10: you're right, aucas is playing a big part in that
13:44
Speaker 10: as well. But I've heard defense experts, which I agree with,
13:48
Speaker 10: saying that we've been so focused over the last five
13:51
Speaker 10: or ten years about the big announcement and you know,
13:53
Speaker 10: the big project and how many zeros are attached to
13:56
Speaker 10: a new submarine or to a new ship, or to
13:59
Speaker 10: whatever else. And to be honest, we need to be
14:02
Speaker 10: arming the military now and the way to do that
14:04
Speaker 10: is probably with secondhand or things that are available right
14:08
Speaker 10: now at a cheaper price from our allies that can
14:10
Speaker 10: be stocked up and we don't have to wait and
14:12
Speaker 10: expect cost blowouts in And the third thing that is
14:15
Speaker 10: really important here, and I think the Defense Force has
14:18
Speaker 10: tried to tighten this, is that they're of the view
14:21
Speaker 10: that people that are in the reservers are for up
14:23
Speaker 10: to two hundred days, which has now been reduced to
14:25
Speaker 10: one hundred and fifty according to the story. Well, if
14:27
Speaker 10: you're going to be in the reserves for two hundred days,
14:30
Speaker 10: we'd like you to be in the army for three
14:31
Speaker 10: hundred and sixty five. The issue is we've got a
14:34
Speaker 10: recruitment issue where thousands of troops short of operational capacity,
14:38
Speaker 10: and that needs to be fixed. But the culture and
14:40
Speaker 10: the defense force has been crooked for a long period
14:43
Speaker 10: of time.
14:46
Speaker 2: I'm going to come to the table with some solutions
14:49
Speaker 2: on this. I used to work for the Defense Minister
14:51
Speaker 2: and the Howard Era. I have a radical plan. We
14:53
Speaker 2: would have discussed it with Tony Abbott coming up in
14:56
Speaker 2: a moment. Let's go to Victoria Carola, because which there'sn't
15:01
Speaker 2: a day that it goes by that we're not talking
15:03
Speaker 2: about some horrific crime. We discussed obviously that machete attack
15:08
Speaker 2: outside Luna Park on the weekend. A nineteen year old
15:12
Speaker 2: has been charged, but we find that he's already been
15:16
Speaker 2: granted bail this afternoon, despite the fact he's suspected of
15:20
Speaker 2: two other alleged defenses. Involving machetes earlier in the month,
15:25
Speaker 2: and the two others that were co accused with him
15:28
Speaker 2: and charged they've also been given vail. Ben Carroll's a
15:31
Speaker 2: deputy premier and his entry into this issue today looks
15:37
Speaker 2: to me as a bit of a tilt to remind
15:39
Speaker 2: people that he's after the leadership.
15:41
Speaker 7: Have a listened as a legislator, I never want to
15:45
Speaker 7: be one of those politicians that attacks the courts or
15:47
Speaker 7: criticizes the courts, who simply interpret the law in ways
15:51
Speaker 7: that might be inconvenient to me or to anybody else.
15:55
Speaker 7: We should always be mindful of when we are making
15:58
Speaker 7: laws and when we are interpreting to interpreting laws, that
16:02
Speaker 7: we are mindful of communities expectations.
16:06
Speaker 2: Now I reckon it is week there by not making
16:10
Speaker 2: justifiable criticism of the judiciary. And if they're interpreting laws
16:13
Speaker 2: and the laws aren't good enough, we'll make you're in
16:15
Speaker 2: the Parliament fix the laws. But the fact that he's
16:18
Speaker 2: getting into the bait says to me things are not
16:20
Speaker 2: good for Justinterallen. But I tell you what, how does
16:23
Speaker 2: someone with charges in relation to a machete attack, nineteen
16:27
Speaker 2: year old, not a kid, how do they get out unbail.
16:32
Speaker 11: What a surprise, Peter, color me happy. I mean those
16:34
Speaker 11: machete bins they're really working, aren't they. Look you know,
16:37
Speaker 11: the deputy Premier Ben Carroll, he might be playing one
16:40
Speaker 11: game to actually be the premier. But you know what,
16:42
Speaker 11: if he's so worried about community expectations, he reads the
16:45
Speaker 11: newspapers every day, he watches your program, he listens to
16:49
Speaker 11: talk back radio, how about he actually has the balls
16:52
Speaker 11: to actually do something at the cabinet table and say no,
16:55
Speaker 11: what we're doing is actually not right. And you know
16:57
Speaker 11: what if it brings on some leadership contest between him
17:00
Speaker 11: and the current premier just sent to Allen, so be it,
17:03
Speaker 11: because you know what, this nineteen year old has been
17:06
Speaker 11: released on bail, along with a lot of other people
17:08
Speaker 11: that have been released on bail before of suspected crimes.
17:11
Speaker 11: And may I also say to you that this Kilda
17:15
Speaker 11: alleged machete attack would not have happened unless a media
17:18
Speaker 11: person had actually contacted Victoria police. So we're all being
17:22
Speaker 11: gas lit by this stuff all the time. It's not
17:25
Speaker 11: freely available. People get tip offs. They've got to go
17:27
Speaker 11: through correct channels to actually force this information out. We
17:31
Speaker 11: saw this a couple of weeks ago with the stabbing
17:33
Speaker 11: of the sushi chef on her way. We wouldn't have
17:35
Speaker 11: found that out either. You know, I don't care about
17:38
Speaker 11: Ben Carrol. If he's trying to play some kind of
17:40
Speaker 11: a game, don't play it with the lives of everyday Victorians, tourists,
17:44
Speaker 11: some people in this city come out and call it
17:46
Speaker 11: for what it is. What the Allen government is doing
17:49
Speaker 11: is horrific. It isn't working, and it's just another day
17:52
Speaker 11: in Victoria.
17:56
Speaker 2: I'll come to your big story out of the renewable
17:59
Speaker 2: energy sector the moment, but just quickly on this point.
18:02
Speaker 3: We all saw Peter B. D.
18:03
Speaker 2: James make an art form of going out there and
18:05
Speaker 2: saying I've got it wrong.
18:07
Speaker 3: Sorry, Queens Zone, We've stuffed up. I'm going to fix it.
18:10
Speaker 2: I'm serious, here's the changes, here's what I'm going to do,
18:13
Speaker 2: and he would turn something around and get people back
18:15
Speaker 2: in his corner. Why on earth doesn't someone in the
18:18
Speaker 2: Victorian bloody government get out there and admit what we're
18:21
Speaker 2: all discussing every single night around every kitchen table in Victoria.
18:25
Speaker 3: We don't feel safe.
18:26
Speaker 2: The state's broke, the state's broken and I've got a
18:29
Speaker 2: plan to fix it.
18:30
Speaker 3: I hear you.
18:31
Speaker 2: We've got it wrong, but here's the plan to fix it.
18:34
Speaker 2: Why not have a mere culpa.
18:36
Speaker 10: Yeah, I agree with you, Peter, and it's not in fair.
18:38
Speaker 10: It's not just the Victorian government, but I think we're
18:40
Speaker 10: seeing elements of this at a federal level as well.
18:42
Speaker 10: And I think labor in Victoria and Australia, the federal
18:47
Speaker 10: government has taken the stance that they can just do
18:50
Speaker 10: as little and as minimum mainstream media as possible. I mean,
18:55
Speaker 10: you know there's Labor ministers that don't go on the
18:58
Speaker 10: main talkback radio in Melbourne three aw they just shun it.
19:02
Speaker 10: They try and do as very little press conferences as possible.
19:05
Speaker 10: They're certainly not going to pop their head up on
19:07
Speaker 10: Sky News and get some hard questions. And they're just
19:09
Speaker 10: doing their entire media strategy through social media and avoiding
19:13
Speaker 10: the tough questions. Look, it won't last forever, and the
19:16
Speaker 10: problem is people just think they're being gas lit. They
19:18
Speaker 10: know there's a problem and labour's denying it. And with
19:21
Speaker 10: any luck, if the Libs get their act together, they'll
19:23
Speaker 10: be punished at the next ballot box.
19:26
Speaker 2: And that's a big gif mate, that's a big gift.
19:28
Speaker 2: Let's go to your story today. A two point six
19:30
Speaker 2: billion dollar contract, Australian government contract that's been our sourced
19:37
Speaker 2: two entities with links to the Chinese Communist government. The
19:42
Speaker 2: opposition to want an inquiry here.
19:44
Speaker 3: What can you tell us?
19:46
Speaker 10: Yeah, well, this is part of the Capacity Investment Scheme,
19:48
Speaker 10: which is Labour's flagship policy to get Australia to eighty
19:52
Speaker 10: two percent renewables by the end of the decade. And
19:55
Speaker 10: what they've done is they've awarded fifty nine contracts to
20:00
Speaker 10: win solar and battery companies where they underwrite the costs
20:04
Speaker 10: and that contract is for at least or up to
20:06
Speaker 10: fifteen years. Where basically there's a floor and ceiling. If
20:09
Speaker 10: it goes below the floor, taxpayers will pay the company.
20:13
Speaker 12: If it's above the.
20:14
Speaker 10: Ceiling, the company pays back the taxpayer fifty cents and
20:17
Speaker 10: the dollars. So this is extremely lucrative and has allowed
20:20
Speaker 10: these projects to be turbocharged. Now. One of the ones
20:23
Speaker 10: that was announced a few weeks ago Peter is a
20:25
Speaker 10: company called Janaspi Energy, which is based in Sydney. It
20:29
Speaker 10: is run by a husband and wife. The wife has
20:32
Speaker 10: a background in Chinese medicine and they have one access
20:37
Speaker 10: onto this scheme to build a two point six billion
20:40
Speaker 10: dollar battery in South Australia. Now, what they did is
20:44
Speaker 10: that they outsourced work in terms of technical advice and
20:48
Speaker 10: the battery well, the delivery of batteries from overseas to
20:52
Speaker 10: three Chinese companies. Two of those are owned and controlled
20:56
Speaker 10: by the state owned Chinese government. And we've made all
20:59
Speaker 10: sorts of inquiries this week. This company, by the way,
21:02
Speaker 10: has no office. We've been there. It's an empty office
21:05
Speaker 10: used as a mail room in Sydney. Somehow they've won
21:08
Speaker 10: a priority list contract. Two point six billion dollars in
21:11
Speaker 10: total is the cost of the build, and we've asked
21:14
Speaker 10: Labor Labour say it is not a Foreign Investment Review
21:17
Speaker 10: Board issue because they're subcontracting in Australian contract is sub contracting,
21:22
Speaker 10: and Dan Tee and the Opposition Energy spokesperson is now
21:26
Speaker 10: saying we need an inquiry into.
21:28
Speaker 3: All of this.
21:29
Speaker 10: I'll go a step further. This will be a Royal
21:31
Speaker 10: commission one day, Peter. We don't know the costs, we
21:34
Speaker 10: don't know the companies involved. It's all foreign money and
21:37
Speaker 10: I think there is overall a national security issue.
21:39
Speaker 9: It's certainly not in.
21:40
Speaker 10: The best interest of the company of the country to
21:43
Speaker 10: be building all these projects, bringing everything in from China,
21:47
Speaker 10: and at any stage we're talking about cheaper power bills
21:49
Speaker 10: at this stage, definitely not olive there.
21:53
Speaker 3: Thank you, James, Thank you Caroly.
21:54
Speaker 2: Well, let's go to that historic news that King Charles
21:57
Speaker 2: will be the first monarch to pray with a pope
22:00
Speaker 2: more than five hundred years. The King's visit to the
22:02
Speaker 2: Vatican officially begins tomorrow. He arrived though overnight, but it
22:07
Speaker 2: risks being marred by the ongoing scandal.
22:09
Speaker 3: Around his brother Prince Andrew.
22:12
Speaker 2: Here to discuss that sky on News contributor, News Corpse,
22:14
Speaker 2: European correspondent. So for Ellsworth, as I said, so if
22:18
Speaker 2: they arrived in Rome, m King and Queen overnight, the
22:21
Speaker 2: Palace hopes it will be a significant event. It should be.
22:24
Speaker 2: It is absolutely historic. But still the headlines are all
22:29
Speaker 2: about Prince Andrew.
22:32
Speaker 13: They are, indeed, Peter. King Charles cannot escape the bad
22:37
Speaker 13: headlines that his brother just keeps on bringing. I mean,
22:40
Speaker 13: day in day out here there's another bad story coming
22:43
Speaker 13: out about Prince Andrew, and now the pressure is really
22:46
Speaker 13: on on whether he should be allowed to live in
22:49
Speaker 13: the grace and favor of state at Windsor Estate, which
22:53
Speaker 13: he has this long lease on for until twenty seventy eight.
22:57
Speaker 13: And there's been a lot of question rays given his
23:00
Speaker 13: associations with Jeffrey Epstein, why on Earth taxpayers funding him
23:06
Speaker 13: to live in this mansion on Windsor Estate. So the
23:09
Speaker 13: pressure is still there and there's no doubt that the
23:12
Speaker 13: Palace are hoping that this will be the destruction they need.
23:19
Speaker 2: Earlier there was a debate about how on Earth he
23:22
Speaker 2: paid the rent on that place. We were told that
23:26
Speaker 2: he had to pay rent and he had done I
23:29
Speaker 2: think seven million pounds worth of renovations to go into
23:33
Speaker 2: this property. It's worth thirty million, so it's a substantial home.
23:37
Speaker 2: But now we find out, because the Crown Estates is
23:40
Speaker 2: the entity that runs all of these properties, put out
23:42
Speaker 2: the least and you can read the least and it
23:44
Speaker 2: says he's not paying anything. And that's even prompted Keir
23:48
Speaker 2: Starmer to say, if there is an inquiry into this
23:51
Speaker 2: accommodation for Prince Andrew, I'll back it. It says to me,
23:55
Speaker 2: if he's loss a support of a labor a PM
23:59
Speaker 2: like that, and Polo across the board, he's going to
24:02
Speaker 2: end up having to move out.
24:05
Speaker 13: Well, there's no doubt Peter, that the pressure is on
24:07
Speaker 13: Prince Andrew to perhaps be thinking about packing his suitcases.
24:11
Speaker 13: But it appears he's not going anywhere. He's digging his
24:14
Speaker 13: heels in. He knows his reputation is damaged for the
24:19
Speaker 13: rest of his life, really, but he does not appear
24:22
Speaker 13: to be making any moves or any noises that he's
24:25
Speaker 13: even considering moving out of there. And why would he, Peter,
24:29
Speaker 13: I mean, he's lost his titles, he's lost his reputation.
24:33
Speaker 13: This is one of the last things he can grip
24:35
Speaker 13: onto and hope that he can maintain.
24:41
Speaker 2: I think I'll end up living overseas in an Arab
24:44
Speaker 2: state where he's still faded to some degree.
24:46
Speaker 3: But we'll see what happens here.
24:47
Speaker 2: More migration woes too for the government and a legal
24:50
Speaker 2: entrant that was deported under kirstarmas one in one out scheme.
24:55
Speaker 2: He was booted out of the UK about a month ago,
25:00
Speaker 2: already back in as.
25:03
Speaker 3: Surely this is a joke, Peter, It is a joke.
25:07
Speaker 13: Can you know how much I love showing our audience
25:10
Speaker 13: the front page of the papers here just this morning
25:13
Speaker 13: the front page of the Daily Mail we've got LaFace
25:16
Speaker 13: and on the front page of the Sun we've got
25:18
Speaker 13: come again, with Kiir Starmer on the front. I mean,
25:21
Speaker 13: this is just becoming an absolute joke for the British government.
25:25
Speaker 13: Is one in one out deal. It's not one in
25:28
Speaker 13: one out, it's one in one out and come back again.
25:30
Speaker 13: And there was one of the labor ministers on radio
25:33
Speaker 13: this morning saying this deal is a deterrent for illegal
25:36
Speaker 13: migrants to come here. He was just scoffed at because
25:40
Speaker 13: they're coming back now. This plan to have the one
25:44
Speaker 13: in one out deal with France. He's not working, Peter.
25:47
Speaker 13: It's failed miserably. And just a few weeks ago Tony
25:50
Speaker 13: Abbott was here at the Conservative conference explaining to the
25:55
Speaker 13: Conservative MPs how Australia did it and stop this problem.
25:59
Speaker 13: It's about time they listen to him because what they're
26:02
Speaker 13: doing here is failing miserably.
26:06
Speaker 3: All over there. Thank you, Sophie.
26:07
Speaker 2: Speaking of Tony Abbit is coming up next the local
26:10
Speaker 2: successfully fought labor on the carbon tax i. Suspect you'll
26:13
Speaker 2: have some blunt advice to his former colleagues on net zero.
26:23
Speaker 2: Welcome back to stiel Kalmka. The federal coalition do a
26:25
Speaker 2: deal with labor. This has been speculated on in relation
26:30
Speaker 2: to environmental laws that already have business cving. But first
26:35
Speaker 2: plenty to get through with my next guest, let's jump
26:37
Speaker 2: straight into a former Prime minister. Tony Abbat joins me
26:40
Speaker 2: from Melbourne. I'm going to get to a whole lot
26:42
Speaker 2: of other issues in a moment, Tony. But in you
26:44
Speaker 2: book it that's been out for over a week now,
26:47
Speaker 2: I know you're at an event now for the Institute
26:49
Speaker 2: of Public Affairs.
26:52
Speaker 3: How's the book been going.
26:55
Speaker 8: Well, Peter, I probably should say that it's not a
26:58
Speaker 8: book about me.
27:00
Speaker 3: It's a book about us.
27:01
Speaker 8: And while I'm the author, the subject matter is our
27:05
Speaker 8: country and our history. And I'm pleased to say that
27:09
Speaker 8: the first print run appears to.
27:11
Speaker 3: Have pretty much sold out.
27:13
Speaker 14: You can keep ordering it on Amazon or in book Topia,
27:17
Speaker 14: and my understanding is that thirty five thousand.
27:20
Speaker 8: Further copies have now been ordered and they'll be in
27:23
Speaker 8: the shops very shortly.
27:27
Speaker 3: So that tells me.
27:27
Speaker 2: And I look at the numbers on your doto here
27:29
Speaker 2: on Sky News, and I know people can watch that online.
27:32
Speaker 2: That tells me will gives me hope Tony, that people
27:35
Speaker 2: love our country more than those who hate our country.
27:41
Speaker 8: I think you're right. Sure our history is not perfect,
27:45
Speaker 8: but there's far more to be proud of than to
27:48
Speaker 8: be ashamed of. And what I hope this book will
27:51
Speaker 8: do is helped to inspire Australians to build on our strengths,
27:57
Speaker 8: because if we build on our strengths, we'll certainly have
28:01
Speaker 8: a better future.
28:05
Speaker 2: I want to go to that story from page to
28:06
Speaker 2: The Australian about the fact that the defence budget has
28:09
Speaker 2: basically been gutted. All these sort of commitments from the
28:13
Speaker 2: government are smoke and mirrors. Everything is being ripped apart
28:16
Speaker 2: now to cannibalize really to pay for submarines we're not
28:20
Speaker 2: going to get for a decade. I want to get
28:22
Speaker 2: your reaction on that news today.
28:27
Speaker 8: Well, Peter, it's shocking because these are the most dangerous
28:33
Speaker 8: times since the late nineteen thirties, as even the Labor
28:37
Speaker 8: government tells us. It's precisely because these times are so
28:42
Speaker 8: dangerous that we.
28:43
Speaker 3: Need to be better armed now.
28:46
Speaker 14: We need to be better prepared now because if conflict
28:50
Speaker 14: breaks out and storms can come at us at any time,
28:55
Speaker 14: we participate with what we've got now, not with what
28:59
Speaker 14: we might like or have coming in five or ten
29:04
Speaker 14: years time. So I really think that as a matter
29:07
Speaker 14: of extreme urgency, we need to up our defense budget
29:12
Speaker 14: to at least three percent of GDP, and we need
29:15
Speaker 14: to look at what we need and can get now
29:19
Speaker 14: to make our country more defensible and to help our allies,
29:24
Speaker 14: particularly the United States, in the world's trouble spots.
29:30
Speaker 2: One of the things that was there in the article
29:32
Speaker 2: today in the Australia was the fact that the frigates
29:35
Speaker 2: that we're getting the Hunter class, that they're four times
29:38
Speaker 2: more expensive when we buy them as opposed when the
29:41
Speaker 2: Americans build them. And hear me are I had this
29:44
Speaker 2: thought earlier on in the program. Want to put it
29:46
Speaker 2: to you. The problem is our defense ministers are there
29:49
Speaker 2: for two or three years. If that a new minister
29:52
Speaker 2: comes along, and then there's a new minister. That apartment
29:54
Speaker 2: that do these long term builds, it's there in perpetuity.
29:58
Speaker 2: The bureaucrats a defense run the show. And of course
30:01
Speaker 2: you've got all of these people and all these hangars on.
30:04
Speaker 2: When they leave the Defense Department they go and work
30:07
Speaker 2: for industry. There's a whole lobbying industry out there that
30:12
Speaker 2: basically is there to make money off the taxpayer, and
30:17
Speaker 2: I think you need better oversight. Why wouldn't we think
30:20
Speaker 2: about doing something radically different in Australia set up a
30:23
Speaker 2: committee of former prime ministers and former defense ministers, so
30:28
Speaker 2: no one with political skin in the game, only from
30:31
Speaker 2: labor and only from Liberal, the two big parties of government,
30:35
Speaker 2: to run the ruler over this spending, not make decisions,
30:38
Speaker 2: leave that to the government of the day. Basically, keep
30:41
Speaker 2: the bastards on us, keep the pressure on all of
30:44
Speaker 2: these bureaucrats not to rip off the taxpayer and to
30:48
Speaker 2: actually get done what governments announce.
30:53
Speaker 3: Would you do it? Well, that's a good point.
30:55
Speaker 8: It's a good point, Leader, And essentially defense procurement has
31:00
Speaker 8: been run by a complacent insiders club that simply doesn't
31:06
Speaker 8: do urgency. What I think senior ministers need to be doing.
31:10
Speaker 14: Right now is sitting down with the senior military chiefs
31:15
Speaker 14: and saying, if a conflict were to break out in
31:18
Speaker 14: the Taiwan straight for instance, in six months.
31:21
Speaker 8: Time, what would that mean for us? What must we
31:25
Speaker 8: be able to do to meet the conflict, to meet
31:29
Speaker 8: the challenge and what does that mean?
31:32
Speaker 3: We have to do.
31:33
Speaker 14: Today, tomorrow, next week, next month to be ready because
31:39
Speaker 14: it's all.
31:39
Speaker 8: Very well threatening about temperature rise in a few decades time,
31:45
Speaker 8: but a major war could pose an extraordinary threat to
31:50
Speaker 8: our well being in a way that frankly makes the
31:54
Speaker 8: whole climate thing look pretty.
31:56
Speaker 2: Inconsequential showdown next week in the coalition party room, obviously it's.
32:04
Speaker 3: All about net zero.
32:05
Speaker 2: They don't have a luxury now to debate this for
32:08
Speaker 2: another year, as Susan Lee initially thought they would. The
32:11
Speaker 2: possible departure of Barnaby Joyce. We know he's not running
32:14
Speaker 2: from New England, but the departure out of the National
32:17
Speaker 2: Party potentially to one nation, I think is making.
32:19
Speaker 3: This very very urgent.
32:22
Speaker 2: If you could give your colleagues advice, if you could
32:24
Speaker 2: stand there in the party room again and say to them,
32:27
Speaker 2: this is how I think we should deal with zero.
32:29
Speaker 8: What would you say, Well, I'd be saying we should
32:34
Speaker 8: never put reducing emissions ahead of national security and economic prosperity. Frankly,
32:45
Speaker 8: reducing emissions is nice to do, but the net zero
32:49
Speaker 8: strait jacket is doing all sorts of damage to our country,
32:55
Speaker 8: and we've just got to get away with it, get
32:57
Speaker 8: away from it.
32:58
Speaker 3: Now, let's be blund Peter.
33:01
Speaker 14: There is no climate crisis, and to the extent that
33:04
Speaker 14: climate is changing, we shouldn't assume that mankind is the
33:09
Speaker 14: main factor in it. It's time for some blunt talk
33:13
Speaker 14: with the Australian people. And by side of politics, shouldn't
33:18
Speaker 14: be so scared of teal voters that it refuses to
33:24
Speaker 14: level with the Australian people and give the Australian people
33:28
Speaker 14: a clear alternative path forward.
33:32
Speaker 2: Yeah, just quickly though they've already knocked back the twenty
33:35
Speaker 2: thirty five commitments. This is the coalition, but there's talk
33:39
Speaker 2: that they're going to keep open as an aspiration twenty fifty.
33:42
Speaker 2: Now my view, that makes them half pregnant.
33:45
Speaker 1: What do you think, Well, the difficulty with keeping an
33:50
Speaker 1: aspiration is that they will constantly be asked how they
33:54
Speaker 1: are going to meet that aspiration.
33:56
Speaker 8: They will constantly be asked about the targets that they
34:00
Speaker 8: might set in governments.
34:02
Speaker 3: And I think we've just got.
34:03
Speaker 8: To get right away from that because the whole emissions
34:08
Speaker 8: fixation is in the process of destroying our energy affordability
34:13
Speaker 8: and our energy security. It's soon going to start destroying
34:17
Speaker 8: our agricultural exports and changing the way Australians live on
34:23
Speaker 8: a daily basis, and frankly, it's become self harm and
34:30
Speaker 8: it's time to stop it.
34:34
Speaker 2: All right, I'll let you go, and you've got to
34:36
Speaker 2: do a star term there at the event at the
34:38
Speaker 2: IPA tonight.
34:39
Speaker 3: I'll see you later.
34:40
Speaker 2: I'm going to go to the event, of course, as
34:42
Speaker 2: soon as I am off air and I no longer
34:44
Speaker 2: have your company. If you missed his documentary, make sure
34:47
Speaker 2: you took it out too on the Sky News app.
34:49
Speaker 3: Sky is Australia app.
34:50
Speaker 2: You can watch all three episodes er and share it
34:53
Speaker 2: with friends and family.
34:54
Speaker 3: So come.
34:55
Speaker 2: Odds are that the Democratic Socialist candidate Mandami is the
34:59
Speaker 2: shoeing to be the next New York Man, and this
35:01
Speaker 2: is radical.
35:03
Speaker 3: We'll get to that in a moment.
35:04
Speaker 2: Plus Bowen blows a gasket Queensland announcing is going to
35:07
Speaker 2: hang on to culified power a lot longer than he expected.
35:15
Speaker 3: Welcome back.
35:16
Speaker 2: There is some talk we have been playing it on
35:18
Speaker 2: that critical minerals deal. Certainly plenty of subsidies are potentially
35:23
Speaker 2: on the table from taxpayers. Let's go to some other
35:25
Speaker 2: issues over related to all of this. In the energy space.
35:28
Speaker 2: Business groups are warning that Anthony Albaneze has proposed overhaul
35:32
Speaker 2: of environmental approvals could increase green tape and uncertainty for projects,
35:36
Speaker 2: despite the government insisting it will streamline processes and retain
35:41
Speaker 2: ministerial discretion.
35:43
Speaker 3: To explain more.
35:43
Speaker 2: Environment editor at The Australian Graham Lloyd. I mean this
35:47
Speaker 2: is critical, Graham, because all the talk we have about
35:51
Speaker 2: rare earths and critical minerals and of course the gas
35:54
Speaker 2: are all predicated on getting the stuff out of the ground.
35:57
Speaker 3: So what do we know here.
36:01
Speaker 12: That dry good ending. Peter, Well, it's a high stakes
36:03
Speaker 12: moment in the reforms of the EPBC and business is
36:09
Speaker 12: rightly concerned. And what they're concerned about is the powers
36:14
Speaker 12: of the federal government in making decisions over development on
36:17
Speaker 12: environmental grounds are going to be expanded to the point
36:22
Speaker 12: where it opens the gate for a whole load of
36:24
Speaker 12: legal challenge whenever a decision is made. The environment groups
36:29
Speaker 12: on the other side are hoping for exactly the opposite.
36:32
Speaker 12: They want to extend the bounds of the decision making
36:36
Speaker 12: to include elements of what are you doing about climate
36:41
Speaker 12: change and these sort of things reducing emissions. Now the
36:45
Speaker 12: language in the drafts that people are seeing does mention
36:49
Speaker 12: these issues without saying a specific climate trigger. But as
36:54
Speaker 12: things stand, there is not enough clarity in the detail
36:57
Speaker 12: to know how it will operate and where the buck
37:00
Speaker 12: is going to stop. And it's going to be a
37:03
Speaker 12: very tightly thought process all the way through.
37:08
Speaker 2: Just in relation to the deal at the PM struck,
37:10
Speaker 2: we've Donald Trump on Tuesday, this is the critical Minerals deal.
37:15
Speaker 2: There's a lot of conjecture this morning that already that
37:17
Speaker 2: there are certainly opportunities or requests from business for there
37:24
Speaker 2: to be significant taxpayer subsidies built into this deal.
37:29
Speaker 3: What can you tell us.
37:30
Speaker 12: There, Well, certainly the whole deal is predicated on the
37:36
Speaker 12: government giving its money to the private sector to make
37:40
Speaker 12: it profitable to mind these things, because if it was
37:44
Speaker 12: profitable to do so, up to this point, business would
37:48
Speaker 12: be doing it. We have a rigged market with the
37:51
Speaker 12: Chinese subsidizing production and sale of these products to keep
37:57
Speaker 12: other producers out. So the only way we're going to
38:00
Speaker 12: get a competitive force against that is to subsidize or
38:05
Speaker 12: agree to pay more for the products that are produced.
38:09
Speaker 12: I think the whole deal is very interesting. It's obviously
38:15
Speaker 12: interesting at a security level. But if you read the
38:18
Speaker 12: detail of the agreement that was inked, it says explicitly
38:22
Speaker 12: it's got no legal force or standing and either party
38:26
Speaker 12: can withdraw in two weeks written notice. So big, big show,
38:32
Speaker 12: but the detail and the money has yet to follow.
38:38
Speaker 2: Yeah, that looks to me like a nice, big, shiny
38:40
Speaker 2: bable uncovered for a meeting at the White House, and
38:43
Speaker 2: we're all distracted by that. We all think it's fantastic,
38:46
Speaker 2: and then we get into the detail a couple days
38:48
Speaker 2: later and it is.
38:48
Speaker 3: Not as it seems.
38:51
Speaker 2: Let's go to those comments from Chris Bow and I
38:53
Speaker 2: said he's blown a gasket today over Queensland's plan to
38:57
Speaker 2: extend the life of its coal five power stations. So
39:00
Speaker 2: they want to keep energy as cheap as possible and
39:03
Speaker 2: as reliable as possible in that state.
39:06
Speaker 3: Is not happy, though, is he?
39:10
Speaker 12: No, he's not. And really you've got the two extremes
39:14
Speaker 12: on display here. We've got the state government that is
39:17
Speaker 12: focused on keeping the power on and controlling the system
39:20
Speaker 12: and having a firm supply, and they own the generators,
39:24
Speaker 12: so they have an interest all the way through. And
39:28
Speaker 12: then you have a federal minister who's saying, look, we've
39:31
Speaker 12: basically just got to throw the gates open to renewable
39:33
Speaker 12: energy and bring them in and give them certainty. But
39:37
Speaker 12: what we know is that there's never enough certainty. That
39:40
Speaker 12: the debate to this point has been about business certainty
39:43
Speaker 12: with setting targets, and we found that the only certainty
39:47
Speaker 12: that matters is when the government writes the check.
39:52
Speaker 2: Very interesting, very interesting, Grandlloyd. Thank you up the break
39:56
Speaker 2: last weekend. No King's rallies in the States. Just wait
39:59
Speaker 2: till I tell you that names of some of the
40:01
Speaker 2: big billionaires who funded these rallies faster the race for mayor.
40:05
Speaker 3: In New York.
40:05
Speaker 2: There's a lot of power with this mayor and it
40:08
Speaker 2: could well go to a radical socialist. The International Panel
40:12
Speaker 2: coming out. Let's bring you my International Panel straightaway. Skin
40:23
Speaker 2: contributed Kosher Ghada, former laborer MP Michael danby Donald Trump.
40:29
Speaker 2: It's just a series of meetings after meetings after meetings
40:31
Speaker 2: at the moment. But he's off to South Korea for
40:34
Speaker 2: a summit. He's likely to meet with President g There's
40:37
Speaker 2: talk of a deal on a whole range of things.
40:40
Speaker 3: Let's have listen to what the President had to say.
40:43
Speaker 15: I think we'll make a deal. I think We're going
40:45
Speaker 15: to make a deal on the rare earth is the
40:47
Speaker 15: least of it. Look, the tariffs are much more powerful
40:49
Speaker 15: than the rare earth. The rare earth is a disturbance.
40:52
Speaker 15: But there's a lot of rare earth around. I'll tell
40:54
Speaker 15: you I've had more calls on rare earth. We've got it.
40:57
Speaker 15: Everybody's we'll make a deal on I think everything. I
41:01
Speaker 15: think we're going to make a deal in soybeans and
41:03
Speaker 15: the farmers.
41:05
Speaker 2: We'll get to the fact that the potent meeting has
41:09
Speaker 2: been stalled that. I mean, jeez, the big player are
41:12
Speaker 2: all worried about Klosha. What can we expect and how
41:16
Speaker 2: important is that? Why is this sot this?
41:18
Speaker 6: I think it's important because it's the battle of the century. Really,
41:21
Speaker 6: how China and the US are going to do get
41:23
Speaker 6: out and set the framework for global trade and supply
41:27
Speaker 6: chain is going to affect every other nation on Earth
41:29
Speaker 6: for the next century or more. And this is all
41:32
Speaker 6: coming to a head with that. I think he's trying
41:33
Speaker 6: to set up a framework, and it's all about understanding
41:36
Speaker 6: the different leverage points between the two economies and where
41:39
Speaker 6: can there be pressure, where can there be common ground,
41:41
Speaker 6: et cetera. He's talk about the rare minerals. That's a
41:43
Speaker 6: big deal. China controls seventy percent of production of rare
41:47
Speaker 6: earth minerals, and that is necessary for today's high tech economy.
41:50
Speaker 6: America of course, controls a lot of software twenty five
41:53
Speaker 6: to thirty percent of software that the whole world, including China, imports,
41:56
Speaker 6: so that's where they're applying pressure. Both countries are major
41:59
Speaker 6: consumer markets, and that there are trading partners for each other.
42:01
Speaker 9: That's where the tariffs come in.
42:03
Speaker 3: So he's just.
42:03
Speaker 6: Trying to figure out this framework and see can be
42:05
Speaker 6: fine common ground piece, some sort of continuation of trade
42:10
Speaker 6: between the two and some sort of reciprocity and fairness
42:13
Speaker 6: on this global supply che But it's going to be
42:14
Speaker 6: a long road and this will just be st up one.
42:17
Speaker 16: And little notice Peter at the RUD making he talk
42:21
Speaker 16: down Taiwan and the Chinese willingness to do a blockade
42:26
Speaker 16: or invade it. Very optimistic. I'm not sure that he's correct.
42:30
Speaker 2: Just interestingly, you know, four or five months ago, everyone
42:34
Speaker 2: Will was really going at him for his use of
42:37
Speaker 2: tariffs as a negotiating tactic. But clearly it was key
42:43
Speaker 2: in getting twenty Arab states to sign off on a
42:45
Speaker 2: PACE deal for Gaza. It's obviously key in relation to
42:48
Speaker 2: getting this platform, at least so far, it's not a
42:52
Speaker 2: deal yet with a g I mean it's a masterclass
42:56
Speaker 2: really because what he's done is is used the US
42:58
Speaker 2: economic and financial heft to pull a whole lot of
43:02
Speaker 2: other diplomatic leavers.
43:04
Speaker 3: So it's not as.
43:06
Speaker 2: Backward, I guess, as protectionist as some would see. It's
43:10
Speaker 2: a businessman looking at the bottom line and going, you know,
43:12
Speaker 2: the one way I can drag your chain is financially.
43:16
Speaker 16: He's got three more years to go, and let's see
43:18
Speaker 16: the tariff tariff balance against increased consumer costs. I mean,
43:23
Speaker 16: I'm willing to have an open mind on what he's
43:26
Speaker 16: done to but he's certainly rebalancing the world. I mean,
43:28
Speaker 16: if I was Russia, China or Iran after the last
43:33
Speaker 16: few months, I would think, oh, the Americans are actually
43:36
Speaker 16: a lot stronger in heft and in technologically than we are.
43:41
Speaker 2: Yeah, just quickly, for a president who said I'm not
43:43
Speaker 2: going to be an internationalist, he really has.
43:47
Speaker 3: And he's only been there since January.
43:48
Speaker 2: We haven't even had a year of this, and he
43:51
Speaker 2: has changed the paradigm, and I am all for at
43:54
Speaker 2: the moment people being undiplomatic if they could get the
43:57
Speaker 2: diplomatic result. I think sometimes the old way of working
44:00
Speaker 2: haven't got us anywhere. And he's anything if not unorthodox.
44:04
Speaker 6: That is certainly true. I think he didn't want to
44:06
Speaker 6: be an internationalist. He really is focused on the domestic agenda.
44:09
Speaker 6: But it got handed to him. You inherit the world
44:11
Speaker 6: that you inherit. War was raging everywhere, and it is
44:14
Speaker 6: intertwined with economics, and he really despises, i would say, with.
44:18
Speaker 9: The Bush era, and that continued into Obama.
44:21
Speaker 6: Even the Obama campaigned against that and non interventionalism.
44:24
Speaker 9: He really despised that. So he loves being able to.
44:26
Speaker 6: Pull back from boots on the ground and then wielding
44:29
Speaker 6: economic power and other types of measures to bring about
44:31
Speaker 6: world peace. I think he's looking to put that to
44:34
Speaker 6: the side, though, and return to the domestic agenda more forcefully.
44:36
Speaker 9: But you know, these things are taking longer than maybe
44:38
Speaker 9: he had helped.
44:39
Speaker 3: Now.
44:39
Speaker 2: I'm not going to call him a radical Islamist. This
44:42
Speaker 2: is name Dami, the bloke that is old on favorite
44:45
Speaker 2: to be the new mirror of New York. But he's
44:47
Speaker 2: certainly happy with keeping that sort of company. Michael, How
44:50
Speaker 2: on earth could even the most left wing types in
44:54
Speaker 2: New York put someone like this in office of America's
44:58
Speaker 2: I think, you know, most prominent the city.
45:01
Speaker 16: Well, it's six hundred and fifty rabbis have written a
45:03
Speaker 16: letter saying it's a danger to the Jewish community in
45:06
Speaker 16: New York.
45:08
Speaker 3: If he's allowed.
45:09
Speaker 16: But it doesn't seem to work, Peter. The Jewish left
45:13
Speaker 16: in New York have always been slightly mad, and the
45:17
Speaker 16: woke mind virus seems to have infected a large part
45:22
Speaker 16: of that city. And if they can elect a bloke
45:24
Speaker 16: like this is going to have community grosseres is like
45:27
Speaker 16: the Soviet Union in the nineteen thirties. You know, does
45:30
Speaker 16: he think he is Stalin or something? And the fact
45:32
Speaker 16: that young people have no education, no history, no background,
45:37
Speaker 16: and they let this bloke behave like a local Fidel
45:40
Speaker 16: castro Go.
45:41
Speaker 2: Get to no King's rallies. Because you look at that
45:43
Speaker 2: list of billionaire diners, tell us who they're.
45:45
Speaker 3: Some real worries.
45:46
Speaker 6: This is another thing on the Trump agenda to go
45:49
Speaker 6: deeper into what's happening with all these protests. Yes, some
45:52
Speaker 6: of it's organic, and people too much time on their hands,
45:54
Speaker 6: but a lot of it is very organized agitators, and
45:57
Speaker 6: starting with a USAID dismantling, which got a lot of
46:01
Speaker 6: drama around that time, It's really interesting how certain organizations
46:05
Speaker 6: dried up very interestingly and curiously around the world, by
46:07
Speaker 6: the way, including in the US, and then going into
46:09
Speaker 6: other things George Zero's and the Open Society for Foundation,
46:12
Speaker 6: Rockefeller Foundation, even things like that. If not directly, they
46:16
Speaker 6: just have these huge philanthropic budgets that go out to
46:19
Speaker 6: college and they're not philanthropic.
46:21
Speaker 3: They're not. They're a gender sitting for that.
46:22
Speaker 6: That's right, and on the surface maybe they are, But
46:24
Speaker 6: then they go out and all this money, billions of
46:26
Speaker 6: dollars are percolating, get caught up in these very ideological
46:30
Speaker 6: organizations that are doing things like funding this, and at
46:33
Speaker 6: least they're saying the Trump administration that they want to
46:35
Speaker 6: go to the heart of what's driving it, which is money.
46:37
Speaker 16: And they're not quite as naked as our local billionaires
46:40
Speaker 16: who fund renewable political parties in order to get huge
46:43
Speaker 16: subsidies from the government. I mean, that is more and
46:46
Speaker 16: more a scam paid and if people can't see it,
46:49
Speaker 16: they're blind. But you know, some of the people like
46:52
Speaker 16: Srots et cetera, have questionable judgment about running attorney generals
46:57
Speaker 16: in states where they don't have any competition, and then
46:59
Speaker 16: getting you know, shoplifting under a thousand dollars made decriminalized.
47:05
Speaker 2: Got all over there. Thank you both as always. That's
47:07
Speaker 2: it for me to see you on Monday. Have a
47:08
Speaker 2: lovely weekend.
47:09
Speaker 3: Here is James Bigperson.