Latest / UK Column Radio / UK Column News Podcast 11th April 2025
Transcript
- 0:08Speaker 1: Good afternoon.
- 0:09Speaker 2: It's just gone one o'clock on Friday, the eleventh of
- 0:12Speaker 2: April twenty twenty five. Welcome to UK column News. I'm
- 0:15Speaker 2: your host, Charles Mannett, and joining me in the studio
- 0:18Speaker 2: today is Patrick Henningson.
- 0:19Speaker 1: Welcome to the program. Patrick, great to be with you, Charles.
- 0:22Speaker 2: And by video link, Mark Anderson from the United States.
- 0:27Speaker 2: Now we will have a full program today and we'll
- 0:29Speaker 2: be covering the push for war with iron as well
- 0:32Speaker 2: as farmers protests and indeed the latest on the pandemic treaty.
- 0:36Speaker 2: But we will start with tariffs now. As Keir Starmer
- 0:41Speaker 2: tweets about passover and Rachel Reeves sends out messages about
- 0:45Speaker 2: Doncaster Airport, there is a rather bigger economic picture taking shape,
- 0:49Speaker 2: and Mark's going to take the lead for us today
- 0:51Speaker 2: on that.
- 0:52Speaker 1: Over to you Mark.
- 0:54Speaker 3: Good day everyone, after last week's spirited discussion on tariff's. Naturally,
- 1:00Speaker 3: I've covered Congress a lot of years. I had to
- 1:02Speaker 3: look to Congress and as we'll see here, on the
- 1:05Speaker 3: very day April second, that President Trump gave his Rose
- 1:08Speaker 3: Garden speech about emphasizing tariffs a declaration of economic independence.
- 1:13Speaker 3: That very day there was a vote in the Senate,
- 1:16Speaker 3: and The Hill reported on it. Four Republican senators vote
- 1:21Speaker 3: with Democrats to undo trump tariffs on Canada. The thing
- 1:25Speaker 3: is is, as is often the case with the media cartel,
- 1:28Speaker 3: their headlines don't always match the stories, because, as I
- 1:31Speaker 3: noted on this slide, what it actually said in the
- 1:35Speaker 3: body of the story is that in a fifty one
- 1:37Speaker 3: to forty eight vote, the Senate expressed its sense that
- 1:41Speaker 3: it will disagree with Trump's tariffs on Canada. But the
- 1:45Speaker 3: vote was on a resolution that does not have the
- 1:47Speaker 3: force of law and is just symbolic. Now, of course
- 1:51Speaker 3: I didn't stop looking there. The Senator Charles Grassley, a
- 1:57Speaker 3: very noted veteran senator from Iowa. The very next day,
- 2:02Speaker 3: April third, they issued a press release he and Maria
- 2:05Speaker 3: Cantwell out of Washington State. And as I expected, Congress
- 2:10Speaker 3: is trying to throw its weight around and regain its
- 2:14Speaker 3: constitutional authority on trade. And indeed, as it states here
- 2:18Speaker 3: Article one, Section eight Coss three, if the Constitution delegates
- 2:21Speaker 3: to Congress the power quote to regulate commerce with foreign
- 2:26Speaker 3: nations among the states, so that's internal and external and
- 2:29Speaker 3: with the Indian tribes. So Senators Grassley and Maria Cantwell
- 2:34Speaker 3: have introduced legislation quote to restore Congress's constitutionally authorized role
- 2:39Speaker 3: in setting and approving setting and approving US trade policy,
- 2:44Speaker 3: according to their joint news release. Now, a quick footnote
- 2:48Speaker 3: here is that Congress has long had this power, and
- 2:52Speaker 3: as is the case with the border, Congress is often
- 2:55Speaker 3: making new laws when they don't have to. They have
- 2:58Speaker 3: existing constitutional authority and existing laws in most cases, and
- 3:04Speaker 3: they simply need to enforce or assert those things, and
- 3:07Speaker 3: instead they spend a lot of time, burning up a
- 3:10Speaker 3: lot of time carrying out onerous and often tedious legislation.
- 3:15Speaker 3: That being said, Chuck Grassley had this to say around
- 3:19Speaker 3: the time of that press release. For too long, Congress
- 3:22Speaker 3: has delegated its clear authority to regulate interstate and foreign
- 3:26Speaker 3: commerce to the executive branch. Building on my previous efforts
- 3:30Speaker 3: as Finance Committee Chairman, I'm joining Senator Cantwell to introduce
- 3:34Speaker 3: this Bipartisan Trade Review Act of twenty twenty five. That's
- 3:38Speaker 3: the actual name of the bill, to reassert Congress's constitutional role.
- 3:44Speaker 3: That's a US Senate photo. Pretty Much everything I'm reporting
- 3:48Speaker 3: today is first hand and has not been in the
- 3:50Speaker 3: regular news feed, except for that Hill item. Anyway, here's
- 3:54Speaker 3: the basic thrust of that bill, and we'll be keeping
- 3:57Speaker 3: an eye on it to see if it passes. To
- 3:59Speaker 3: an end to new tariff. The President must notify Congress
- 4:02Speaker 3: of the imposition of a new or the increase of
- 4:05Speaker 3: an existing tariff within forty eight hours and explain his reasoning.
- 4:09Speaker 3: The President also must provide an analysis of the potential
- 4:13Speaker 3: impact on American businesses and consumers of these tariffs. Within
- 4:17Speaker 3: sixty days, Congress must pass a joint resolution of approval
- 4:21Speaker 3: on the new tariff. Otherwise, all new tariffs on imports
- 4:25Speaker 3: expire after that deadline. And the fourth main plank here
- 4:29Speaker 3: is Congress could end tariffs at any time by passing
- 4:33Speaker 3: a disapproval resolution, although anti dumping measures would get special consideration,
- 4:39Speaker 3: such as when China over the decades has occasionally dumped hardwoods,
- 4:42Speaker 3: lithium batteries, toys, steel chemicals, things like that. There might
- 4:46Speaker 3: be exceptions there moving forward, of course, the oldest committee
- 4:51Speaker 3: in the US Congress is the Ways and Means Committee,
- 4:54Speaker 3: created in July of seventeen eighty nine, and they still exist.
- 4:57Speaker 3: Who knew, right, anyway? The full committee hearing on the
- 5:01Speaker 3: Trump administration's twenty twenty five Trade Policy agenda was held
- 5:06Speaker 3: this past Wednesday. I covered it virtually online and I
- 5:09Speaker 3: only used the Ways and Committee's own broadcast, not any
- 5:13Speaker 3: other news broadcasts. And the only witness, the only one
- 5:16Speaker 3: to testify, was US Trade Representative Ambassador Jamieson Greer. I
- 5:22Speaker 3: believe that's Jamieson Jamieson Greer. At any rate, the meeting
- 5:29Speaker 3: went on and it had your typical bipartisan split in it,
- 5:33Speaker 3: as this next slie kind of illustrates. The Party number
- 5:38Speaker 3: one was mainly represented by Chairman Jason Smith of Missouri,
- 5:43Speaker 3: the Republican and Party number two door number two ranking
- 5:46Speaker 3: member Richard Neil, a Democrat out of Massachusetts, and they
- 5:50Speaker 3: had your typical binary arguments, your typical Republican arguments, your
- 5:55Speaker 3: typical Democrat arguments. And a quick observation there is that
- 5:59Speaker 3: the absence of independent parties or non affiliated candidates or
- 6:05Speaker 3: non affiliated members of Congress that is is very very
- 6:09Speaker 3: clear when it comes to these rather divisive issues, because
- 6:12Speaker 3: you never get anybody refereeing what's going on. It's just
- 6:15Speaker 3: your typical Democrat, typical Republican. If you had a gym
- 6:19Speaker 3: trafficknt at least someone independently minded even though he was
- 6:22Speaker 3: a Democrat, or you had actual numerous third party candidates
- 6:27Speaker 3: elected to office, you could get more nuanced, you could
- 6:29Speaker 3: get more objectivity, but you often don't get that with
- 6:33Speaker 3: the media only focusing on your typical Democrat Republican arguments.
- 6:37Speaker 3: But anyway, we have some two quick video clips that
- 6:41Speaker 3: are pretty far apart from one another, but it gives
- 6:44Speaker 3: the range of views that were talked about from the
- 6:47Speaker 3: Democrat side and the Republican side. So let's see those
- 6:49Speaker 3: video clips.
- 6:52Speaker 1: Mister Murphy, thank you, mister chairman.
- 6:55Speaker 4: I just want to show a slide to everybody documenting
- 7:00Speaker 4: where we are with the United States and the US
- 7:02Speaker 4: trade deficit. I think this really shows why this is
- 7:05Speaker 4: an emergency. If you look at where we are with
- 7:07Speaker 4: manufacturing goods that's in the red column here. If you
- 7:11Speaker 4: look at what has happened to the manufacturing capacity of
- 7:13Speaker 4: the United States, we have plummeted, absolutely plummeted down here
- 7:18Speaker 4: in twenty twenty two. We have such a trade deficit
- 7:23Speaker 4: with manufactured goods.
- 7:24Speaker 1: This is critical.
- 7:26Speaker 4: This is why the President has said this is an emergency.
- 7:29Speaker 4: The same thing with fuels and other total goods. We
- 7:32Speaker 4: have plummeted in this nation's capacity to actually produce things. So, yes,
- 7:37Speaker 4: this is an emergency, and this is by all means,
- 7:40Speaker 4: altogether the right.
- 7:41Speaker 1: Thing to do. If we do not reverse this trend.
- 7:45Speaker 1: Again going with the.
- 7:46Speaker 4: Absolute calamitous effect of how we are hurtling towards a
- 7:50Speaker 4: sovereign debt crisis, this nation does not exist. And yes
- 7:55Speaker 4: there is short term problems, without a doubt, but the
- 7:58Speaker 4: same thing by taking medicine you don't want to take.
- 8:00Speaker 4: If we don't help the body by intervening and doing
- 8:04Speaker 4: what is critically important for this nation, nothing else matters.
- 8:08Speaker 4: So this is why how manufacturing has plummeted, and this
- 8:12Speaker 4: is why we are in a state of emergency.
- 8:14Speaker 1: Thank you, bok.
- 8:18Speaker 3: Footnote that's Representative Greg Murphy out of North Carolina Republic.
- 8:22Speaker 3: And a quick footnote is I contacted his office and
- 8:25Speaker 3: I tried to get that graphic so we could get
- 8:27Speaker 3: a closer, clearer look at it, and I did not
- 8:29Speaker 3: get a response yet. Anyway, we have a Representative Chew
- 8:33Speaker 3: Chu out of California, a Democrat, giving the opposing view,
- 8:37Speaker 3: and that's the next video.
- 8:40Speaker 5: They are barely able to afford their everyday living expenses,
- 8:43Speaker 5: but now they're hearing that the average family will have
- 8:46Speaker 5: to pay forty six hundred dollars a year more because
- 8:50Speaker 5: of the Trump tariffs. They are hearing this will be
- 8:53Speaker 5: the largest tax increase for the American people in our
- 8:57Speaker 5: nation's peacetime history. They are hearing Gold and sac say
- 9:00Speaker 5: that we face a recession. The increases will be for
- 9:05Speaker 5: food items that the US does not produce domestically, like
- 9:09Speaker 5: cocw beans, coffee beans, tea and spices, and certain nuts,
- 9:13Speaker 5: but non food items like clothing, consumer electronics, shoes, cell phones, furniture,
- 9:19Speaker 5: and household appliances will be especially hard hit, as more
- 9:23Speaker 5: than fifty percent of our consumption comes from countries facing
- 9:28Speaker 5: tariff increases of thirty percent or more. I must point
- 9:33Speaker 5: out that there are some items on the list, like
- 9:36Speaker 5: bananas and cacw beans, which the US can never grow
- 9:40Speaker 5: enough of to meet our own demand because of our
- 9:43Speaker 5: mostly non tropical climate. In fact, the US produces a
- 9:48Speaker 5: tiny number of bananas in Hawaiian Florida, but depends enormously
- 9:53Speaker 5: on importing bananas from Guatemala, Ecuador, and Costa Rica, all
- 9:56Speaker 5: of which receive tariffs, and in fact, the US is
- 10:00Speaker 5: the world's largest importer of bananas. So this shoot first
- 10:06Speaker 5: then aim approach is making Americans' lives much worse with
- 10:12Speaker 5: no actual plan and doesn't make any sense.
- 10:19Speaker 3: So that's the opposing view on that interesting stuff. Now,
- 10:23Speaker 3: an interesting twist, and she alluded to food, is that
- 10:27Speaker 3: we need to make a distinction between perishable and non
- 10:30Speaker 3: perishable goods. In fact, it might make sense for the
- 10:33Speaker 3: US to be striving for self sufficiency more in the
- 10:37Speaker 3: food area than durable goods because food can spoil or
- 10:40Speaker 3: become contaminated. There's only so much shelf life, and your
- 10:44Speaker 3: supply chains might have to be dealt with differently. Now
- 10:47Speaker 3: we have a miscellaneous item here. The shrimping industry in
- 10:51Speaker 3: the US, however, is cheering the proposed legislation and cheering
- 10:56Speaker 3: the Trump tariffs. They like what they see, and this
- 10:59Speaker 3: is out of my art dot com. It happens to
- 11:01Speaker 3: concern the port of Brownsville, where they harvest enormous amounts
- 11:05Speaker 3: of shrimp, about an hour east to where I'm sitting.
- 11:08Speaker 3: And there's another bill in Congress, as this willudes to
- 11:10Speaker 3: House Resolution two O seven to one, The Save Our
- 11:13Speaker 3: Shrimpers Act has been introduced there to prohibit federal funding
- 11:17Speaker 3: from going to international financial firms that finance foreign shrimp farms,
- 11:22Speaker 3: the Rio Grand Valley that's Deep South Texas, the shrimp
- 11:25Speaker 3: industry here, and the rest of the domestic industry industry.
- 11:28Speaker 3: Excuse me, hopes that resolution becomes law quote in light
- 11:32Speaker 3: of the fact that US shrimpers have been brought to
- 11:35Speaker 3: their knees by unrelenting waves of cheap foreign exports flooding
- 11:38Speaker 3: the market and driving prices down past the point of sustainability.
- 11:42Speaker 3: And we have one more item on this. It's a
- 11:46Speaker 3: hard thing to police. We're hearing the US International Trade
- 11:49Speaker 3: Commission found last year that imported farm raise shrimp is
- 11:53Speaker 3: ultra cheap because quote other countries are subsidizing their fisheries
- 11:57Speaker 3: and dumping their product on the US market, quote, according
- 12:01Speaker 3: to that Trade Commission. So that's it for now, gentlemen.
- 12:04Speaker 3: I have a little bit later on state level trade
- 12:06Speaker 3: that adds another interesting twist to this that no one
- 12:09Speaker 3: ever thinks about. But now over to you.
- 12:12Speaker 2: Thanks very much, Mark and supply chains. Something we'll come
- 12:14Speaker 2: back to you presently, But obviously this is very big topics.
- 12:17Speaker 2: We're going to extend this theme, say Patrick's going to
- 12:19Speaker 2: continue with the tariff's story.
- 12:22Speaker 1: Well, the previous congressional speaker there, she said, they don't
- 12:26Speaker 1: grow much bananas in America, but there's plenty of bananas
- 12:30Speaker 1: in Washington. As we will show you shortly, this whole
- 12:34Speaker 1: story has just completely exploded. Here. We'll look at this
- 12:38Speaker 1: up on screen now. I tweeted this on Monday, April
- 12:42Speaker 1: of seventh here, and I predicted that Trump would get
- 12:46Speaker 1: pressure from the donor class and that he would then
- 12:50Speaker 1: suspend the tariffs that he put on across the board
- 12:54Speaker 1: to the entire world. And looks like that's exactly what happened.
- 12:58Speaker 1: And I even quoted him almost verbatim on Monday. I
- 13:02Speaker 1: predicted what Donald was going to say, We're postponing the
- 13:05Speaker 1: implementation of the tariffs because quite frankly, what we've done
- 13:08Speaker 1: is so great. Just the announcement has already had such
- 13:12Speaker 1: a great impact in governments are now begging us for
- 13:14Speaker 1: a deal. That's what I predicted Donald would say, and
- 13:18Speaker 1: it's true. So here we are. This is the result.
- 13:22Speaker 1: This is a bottle. This reminds us of you could say,
- 13:27Speaker 1: Kevin Keegan's England team. But anyway, it looks like Trump
- 13:30Speaker 1: has bottled it. The pressure came and he did cave.
- 13:33Speaker 1: Trump announces a ninety day pause on the tariff war
- 13:37Speaker 1: except for China, except for one country. So that's interesting. Now,
- 13:41Speaker 1: this is where things are going to get a little
- 13:44Speaker 1: bit dicey for the Trump administration. Let's take a look.
- 13:47Speaker 1: There's Donald there. I guess he's claiming victory, Charles, but
- 13:52Speaker 1: it seems to be anything but because this has started
- 13:55Speaker 1: a tit for tat with China that is now getting
- 13:58Speaker 1: unbelievably ridicted. Take a look at this. Consider these two
- 14:02Speaker 1: or among each other's greatest trading partners. China has raised
- 14:06Speaker 1: tariffs in reciprocal and reciprocation to what the US has done.
- 14:10Speaker 1: China raise tariffs on all US goods up to one
- 14:13Speaker 1: hundred and twenty five percent as the trade war ramps up.
- 14:17Speaker 1: Now that's in response to Trump putting on forty or
- 14:20Speaker 1: fifty percent. There's been so many changes in the last
- 14:23Speaker 1: forty eight hours it's hard to keep track of it here.
- 14:26Speaker 1: But Trump not to be outdone here he is. The
- 14:28Speaker 1: White House says that a tariff right on most Chinese
- 14:31Speaker 1: imports will now be one hundred and forty five percent.
- 14:35Speaker 1: Where is this going to end? And you know, the
- 14:38Speaker 1: whole basis of this. And this is the strange thing.
- 14:41Speaker 1: Trump is called this trade war on a national emergency,
- 14:45Speaker 1: and one has to look at the predicate for this.
- 14:49Speaker 1: One of them was a fentinal crisis. Okay, some fentanyl
- 14:52Speaker 1: coming over the Mexican border. They're blaming China for it.
- 14:56Speaker 1: It's a bit tenuous, but they're saying that we'll bring
- 15:00Speaker 1: bring the order up on screen here, this is what
- 15:02Speaker 1: the White House published here, and then they're saying, no, no,
- 15:05Speaker 1: this is a national emergency because of a trade deficit.
- 15:10Speaker 1: But the thing is, how could it be an emergency
- 15:12Speaker 1: when the United States has had a trade deficit since
- 15:15Speaker 1: nineteen thirty four. So it's taking them over, I don't know,
- 15:18Speaker 1: something like eighty ninety years to work out this so
- 15:22Speaker 1: called emergency here. So he's invoking the International Emergency Economic
- 15:26Speaker 1: Powers Act of nineteen seventy seven in order to ram
- 15:30Speaker 1: this emergency through. But globalization's been going since the nineties
- 15:35Speaker 1: pretty much full steam, so it's not as if this
- 15:38Speaker 1: was a surprise. But nonetheless they're carrying on with this.
- 15:42Speaker 1: Right now. Let's take a look here. There's the Donald
- 15:45Speaker 1: and so this is what the line is here. You've
- 15:48Speaker 1: probably heard this. Everyone's heard this. They're ripping us off.
- 15:51Speaker 1: They're ripping us off for getting a terrible deal. Donald's
- 15:54Speaker 1: been saying this actually since before he became president. Here,
- 15:58Speaker 1: but are they really rip the US off? Let's take
- 16:01Speaker 1: a look at the facts.
- 16:02Speaker 4: No.
- 16:03Speaker 1: Actually, in actuality, the US is ripping everybody else off
- 16:07Speaker 1: by exporting their Fiat dollars in exchange for actual valuable goods.
- 16:12Speaker 1: This is the advantage the US has had because they
- 16:15Speaker 1: have the world reserve currency. This allows the US to
- 16:18Speaker 1: deficit spend by the tune over two trillion dollars per year.
- 16:23Speaker 1: And with that two trillion, they're able to fund their
- 16:26Speaker 1: military industrial complex. They're able to project power globally, power
- 16:30Speaker 1: and influence globally, effectively run a global empire on the
- 16:34Speaker 1: US dollar system. The US has been running a trade
- 16:36Speaker 1: deficit since nineteen thirty four. Fact, and the deficit is
- 16:41Speaker 1: roughly the amount of government spending versus how much they produce.
- 16:45Speaker 1: So there's a deficit there. It's almost mathematical as an equation.
- 16:49Speaker 1: The US deficit is not caused by other countries ripping
- 16:53Speaker 1: off America. It's caused because the United States has gone
- 16:56Speaker 1: through the process of offshoring its manufacturing it used to
- 17:00Speaker 1: be an industrial power, but now it's a financial power.
- 17:03Speaker 1: It's a financialized its economy. Guess who's an industrial power China.
- 17:08Speaker 1: China's doing what the United States did back in eighteen
- 17:11Speaker 1: ninety and that's the golden years that Trump and his
- 17:14Speaker 1: team keep harkening back to. So this conversation just the
- 17:17Speaker 1: more you look at it, it just doesn't add up.
- 17:20Speaker 1: And we go on exporting dollars in exchange for debt
- 17:23Speaker 1: props up the US dollar as a world reserve currency.
- 17:26Speaker 1: As we said earlier, and here's the key point. This
- 17:29Speaker 1: is essentially a corrupt system which allows the US to
- 17:32Speaker 1: pay for all of these wars on its national credit card.
- 17:36Speaker 1: This is what it comes down to. It's not about
- 17:38Speaker 1: other countries ripping off the president here and you know
- 17:42Speaker 1: when Trump and this is the terror of fallacies, This
- 17:45Speaker 1: is the terror of chart This is the calculations on
- 17:49Speaker 1: this was totally arbitrary and completely bogus. He's been panned
- 17:53Speaker 1: by the pundits for this year. He's even getting panned
- 17:57Speaker 1: by the financial press on this fortune. Some of these
- 18:00Speaker 1: are generally pro conservative, pro Trump publications. Here Trump's terror
- 18:04Speaker 1: formula used the wrong value in its calculations. Conservative think
- 18:08Speaker 1: tank says this whole thing was rigged. They're talking about
- 18:11Speaker 1: this entire tariff farrago. The formula of the White House
- 18:15Speaker 1: used to calculate it. It's recent tariffs is based on
- 18:17Speaker 1: an error that roughly quadrupled the rates from what they
- 18:21Speaker 1: should have been. So, I mean, this is a serious
- 18:24Speaker 1: problem here when we're talking about competency of the Trump administration.
- 18:28Speaker 1: He's the businessman, he's known as the billionaire, the money maker,
- 18:31Speaker 1: the deal maker. How could he get the economics and
- 18:35Speaker 1: the numbers so horribly wrong? We'll continue here more terraff fallacies.
- 18:40Speaker 1: There he is again, he's still angry. He's saying, well,
- 18:44Speaker 1: correct a deficit with money raised from tariffs, that's the
- 18:47Speaker 1: claim the Trump administration's making. But actually, punitive tariffs deincentivizes
- 18:53Speaker 1: trade with the US, meaning less revenue. A recession is
- 18:56Speaker 1: coming now because of a lack of confidence. Inflation is
- 18:59Speaker 1: moving in, meaning less affordability and demand, and no immediate
- 19:03Speaker 1: quote cheap US made goods to replace the expensive imports.
- 19:08Speaker 1: We're looking at five to ten years away from the
- 19:11Speaker 1: United States becoming reindustrialized, even if they had all of
- 19:15Speaker 1: their eggs in their ducks. In a row on that score.
- 19:18Speaker 1: So second fallacy. It worked in eighteen ninety when the
- 19:22Speaker 1: US had tariffs and no income tax. This is the
- 19:25Speaker 1: basis of the whole gambit here from the Trump administration,
- 19:29Speaker 1: at least the public facing pitch. Eighteen ninety, the US, again,
- 19:32Speaker 1: as I said, had an industrial economy, and the US
- 19:35Speaker 1: ran massive trade surpluses back then. This is why their
- 19:39Speaker 1: foreign policy became more aggressive because they needed markets at
- 19:43Speaker 1: that time for their products. So they're having a de
- 19:47Speaker 1: inflationary period and they needed to expand. That was the
- 19:50Speaker 1: beginning of the US Empire. Twenty twenty five, however, we
- 19:53Speaker 1: have a financialized economy and the US is offshot. It's
- 19:56Speaker 1: manufacturing mostly for the better part thirty years. But actually,
- 20:01Speaker 1: in reality, even before that, Okay, now for some trade
- 20:05Speaker 1: tariff realities here and some realities, let's just lay it
- 20:09Speaker 1: on the table. Tariffs have further triggered inflation, fact recession, stagflation,
- 20:16Speaker 1: collapse in the bond market. Arguably, this is where the
- 20:19Speaker 1: pressure came onto Trump from some of his billionaires who
- 20:22Speaker 1: have all of their money in long plays on the
- 20:25Speaker 1: stock market. The stock markets have taken a beating, not
- 20:28Speaker 1: just in the US but internationally. Here arise in the
- 20:31Speaker 1: cost of living. That means lower living standards, wiping out
- 20:35Speaker 1: gains from trade, so buying cheaper imports, selling advantage goods.
- 20:40Speaker 1: That's the normal gains from trade that the US would
- 20:43Speaker 1: normally have in this very delicate balance of a global
- 20:46Speaker 1: trading system. Trump is just basically taking a wrecking ball
- 20:50Speaker 1: to this in the course of a week or two.
- 20:52Speaker 1: Unbelievable and unprecedented. Here, fewer US goods means more expensive
- 20:58Speaker 1: at home, is well more expensive to export, so no
- 21:01Speaker 1: significant trade in the trade bounce. This is what the
- 21:04Speaker 1: expert are saying, is not going to be a big
- 21:06Speaker 1: difference in the trade deficit. The result is going to
- 21:10Speaker 1: be look less trade less trade both coming in and
- 21:13Speaker 1: going out. So this is a contraction of the economy.
- 21:17Speaker 1: This is what Trump has done by disrupting the economy,
- 21:20Speaker 1: and this is why a lot of people are really
- 21:22Speaker 1: going crazy in the analytical world. Here stock market crashes,
- 21:26Speaker 1: trains have been wiped out on market cap and here's
- 21:30Speaker 1: the main point, further wrecking the US economy, wrecking the
- 21:33Speaker 1: world trading system. It might not be ideal for the
- 21:37Speaker 1: United States, but the United States didn't have goods to export,
- 21:41Speaker 1: and that is not the fault of China or anybody
- 21:43Speaker 1: else in the world. What they're trying to do is
- 21:45Speaker 1: punish everybody else for their problems. And this is not
- 21:49Speaker 1: going to go down well for future relationships here, and
- 21:53Speaker 1: we'll just move forward and see, Okay, this is a
- 21:56Speaker 1: good point here, and we'll bring this next up on stage.
- 22:01Speaker 1: Americans need a little history lesson and I'm sure even
- 22:04Speaker 1: the British know this. The Boston Tea Party December sixteenth,
- 22:08Speaker 1: seventeen seventy three, No Taxation without Representation. Mark Anderson did
- 22:13Speaker 1: a great job in showing the issue of the congressional authority.
- 22:17Speaker 1: Trump as one man is trying to basically levy taxes
- 22:20Speaker 1: effectively here, but really also messing with the entire global
- 22:25Speaker 1: trade system here. So this is a drawing made by
- 22:28Speaker 1: a fifth grade student. So I would direct the Trump
- 22:34Speaker 1: economic team to this fifth grade student just to remind themselves,
- 22:38Speaker 1: and we bring an irony alert in here, Charles that
- 22:41Speaker 1: the Boston Tea Party originally was to bail out the
- 22:44Speaker 1: British East India Company. The Parliament wanted to maintain that
- 22:48Speaker 1: ability to tax the colonies, but it was really about
- 22:51Speaker 1: bailing out the corporations on that they had a huge
- 22:55Speaker 1: balance of payments problems with the British government at the time.
- 22:57Speaker 1: But this is another key issue. European market were very
- 23:00Speaker 1: weak at the time due to debts from the French
- 23:04Speaker 1: in Indian Wars among other wars at the time. Does
- 23:07Speaker 1: this sound familiar, It certainly does. And so you have
- 23:10Speaker 1: all these monopolies back in the day, back in the
- 23:13Speaker 1: late seventeen hundreds, and it created a situation. And that
- 23:16Speaker 1: was only a two percent tax, Charles, and it was
- 23:19Speaker 1: enough for the colonists to rebel. And look at what
- 23:22Speaker 1: they're throwing now on imports and exports, these teriff wars.
- 23:26Speaker 1: It dwarfs even what was going on back then. So
- 23:29Speaker 1: we can learn a little bit from history. And again
- 23:32Speaker 1: note the irony alert. So a lot of Trump fans
- 23:35Speaker 1: are saying this is just three D chess, he's escalating
- 23:38Speaker 1: to de escalate, right or six million D chess as
- 23:42Speaker 1: it's now being called escalate to de escalate. But is
- 23:45Speaker 1: it really or do they actually know what they're doing?
- 23:49Speaker 1: And you know, to be very critical here, and we'll
- 23:52Speaker 1: show you a video clip in a second. Every millionaire
- 23:55Speaker 1: I've spoken to or who I follow has made an
- 23:58Speaker 1: absolute killing in the last week. They have absolutely they
- 24:01Speaker 1: have put short positions down, They made tons of money.
- 24:04Speaker 1: Working folks I know have had their retirement savings slashed
- 24:08Speaker 1: by twenty to thirty percent. It's been an absolute route
- 24:11Speaker 1: again for the middle class and surely not going to
- 24:14Speaker 1: be good for the working class. And Donald Trump is
- 24:16Speaker 1: the man of the people. He breached the like Boris
- 24:20Speaker 1: breached the Red Wall. Donald Trump captured the rust belt
- 24:24Speaker 1: and got all those blue dog Reagan Democrats back. So
- 24:27Speaker 1: listen to this. This is from the White House, just
- 24:30Speaker 1: I believe yesterday. This is Trump with the famous Charles
- 24:33Speaker 1: Schwab of Charles Schwab Brokerage fame here and they're boasting
- 24:37Speaker 1: about how much money that they made in the last week.
- 24:41Speaker 1: Watched this.
- 24:46Speaker 6: It's not just it's actually he made he made today
- 24:52Speaker 6: and he made nine hundred million.
- 24:55Speaker 3: He's in financial I've always good fun.
- 24:59Speaker 1: So there, I mean, right straight from the horse's mouth.
- 25:02Speaker 1: They absolutely rinsed it these guys. I mean, it's kind
- 25:06Speaker 1: of like insider trading, but on a galactic scale. And
- 25:10Speaker 1: he was even tweeting out things like whoever runs his
- 25:12Speaker 1: Twitter account, now is a good time to buy you
- 25:14Speaker 1: know when the stock market was at it's absolute low.
- 25:17Speaker 1: So this is like dog whistles to Wall Street. Plus
- 25:21Speaker 1: there is a ticker symbol for one of the Trump
- 25:25Speaker 1: businesses as well that went out on another Trump account.
- 25:28Speaker 1: I mean, it's kind of a free for all. So anyway,
- 25:30Speaker 1: let's look at the wrap up on this here, we'll
- 25:33Speaker 1: bring this up on stage right now. Trump's real agenda, okay,
- 25:36Speaker 1: the Golden Age of America. He wants to bring us
- 25:39Speaker 1: back to McKinley's eighteen ninety. Let's look at the reality.
- 25:43Speaker 1: This is the real agenda. Trump is trying to force
- 25:46Speaker 1: down the value of the US dollar in order to
- 25:49Speaker 1: refinance nine trillion dollars in US debt. Okay, that's the
- 25:53Speaker 1: number one priority, and they're not really articulating that to
- 25:56Speaker 1: the public very clearly, and that's part of the problem.
- 25:59Speaker 1: That's actually the core. So the world has to suffer
- 26:02Speaker 1: for US domestic fiduciary responsibility issues, right, So, increase external revenue,
- 26:10Speaker 1: claims Trump, in order to pay for massive tax cuts,
- 26:13Speaker 1: probably for the rich, like in twenty seventeen, So a
- 26:17Speaker 1: loss of internal revenue and totally four trillion over the
- 26:21Speaker 1: next ten years. So that massive tax cut is that
- 26:25Speaker 1: really going to get paid for with the tariff and
- 26:29Speaker 1: trade balance. It doesn't look like it will. It's debatable.
- 26:33Speaker 1: The signals don't look good right now anyway. Massive deregulation,
- 26:37Speaker 1: massive privatization, and so incentivizing direct investment. But this is
- 26:43Speaker 1: a problem. This is also why the cost of living
- 26:45Speaker 1: is so high. And this is why China has the edge.
- 26:49Speaker 1: They have state run utilities. They're able to control and
- 26:52Speaker 1: subsidize the cost of energy. This is why they're an
- 26:55Speaker 1: industrial powerhouse because they have a hybrid mixed economy like
- 27:00Speaker 1: the United States did back in the late eighteen hundreds.
- 27:03Speaker 1: And again, Trump and his team need a history lesson.
- 27:06Speaker 1: They seem to be cherry picking American history here, but
- 27:10Speaker 1: not to be outdone here, allowing for wild levels of
- 27:13Speaker 1: Washington insider trading. Listen, what we're showing you is just
- 27:17Speaker 1: the tip of that iceberg. And then here bypassing Congress.
- 27:21Speaker 1: As Mark pointed out that key issue earlier, the power
- 27:24Speaker 1: of the person on living tax. This is a huge problem.
- 27:27Speaker 1: It's really putting the power into the hands of one man.
- 27:30Speaker 1: So this is ultimately weak in Congress with one person rule.
- 27:34Speaker 1: This is an autocracy. Fair question. Main point zero sum policy,
- 27:40Speaker 1: trying to control who trades with who, etc. Like with Russia,
- 27:44Speaker 1: like with India and Russian oil. Nord Stream pipeline is
- 27:48Speaker 1: a result of zero sum foreign policy here, and so
- 27:52Speaker 1: what are we really looking at? And this is the
- 27:54Speaker 1: big fear. Effectively, Trump is trying to sanction China through tariffs,
- 27:59Speaker 1: to isolate China, to build an iron curtain like they've
- 28:02Speaker 1: done with Russia. Economically, how did that work out with Russia.
- 28:06Speaker 1: Russia's got projecting three percent growth, Europe's projecting zero percent growth.
- 28:12Speaker 1: So Russia's beat this system, outperformed the US and Europe,
- 28:15Speaker 1: and China arguably is set to do the same trials.
- 28:20Speaker 1: So I mean that's the main takeaway here. This is
- 28:22Speaker 1: hard foreign policy done through economic policy. And I don't
- 28:27Speaker 1: know if this is going to end well for Trump.
- 28:31Speaker 2: Well we obviously we shall see. It's certainly gone very
- 28:34Speaker 2: well for the billionaire class who have made money at
- 28:36Speaker 2: every turn. And as we see, consistently, you invoke the
- 28:39Speaker 2: emergency and then you watch the money roll in so
- 28:42Speaker 2: that there is some capital to be made. But of course,
- 28:45Speaker 2: the idea that Trump is standing tough against China is
- 28:48Speaker 2: something that can be sold to a certain extent. I
- 28:51Speaker 2: wonder also about the you know, if we're moving a
- 28:55Speaker 2: few steps closer to central bank digital currency with a
- 28:59Speaker 2: etcetera of the collapse, but more stalk about in extra certainly. Now,
- 29:04Speaker 2: with all of this in mind, economic conditions are certainly
- 29:07Speaker 2: unfavorable for farmers in the United Kingdom, and there's been
- 29:11Speaker 2: a lot out on social media recently. I spoke on
- 29:14Speaker 2: Wednesday about protests a wheat strike. Now we've got farmers
- 29:18Speaker 2: to action, putting out a note saying that they are
- 29:21Speaker 2: going to be saying no to labor.
- 29:23Speaker 6: Now.
- 29:24Speaker 2: I urged a note of caution on Wednesday because I
- 29:29Speaker 2: felt that there is a huge potential for a backfire
- 29:32Speaker 2: effect as the government are very very able to spin
- 29:37Speaker 2: this sort of direction as being that the farmers are
- 29:41Speaker 2: causing trouble and indeed that they're not entirely necessary. And
- 29:44Speaker 2: of course that was to do with the fact that
- 29:46Speaker 2: a lot more wheat is being imported this year. In
- 29:48Speaker 2: any case, and just to illustrate the point I'm making
- 29:51Speaker 2: Farmers Weekly here advertising or at least reporting that Daniel Zeichner,
- 29:55Speaker 2: the deafri Minister, was blocked from getting out for meeting
- 29:58Speaker 2: in Tavistock. Now I'm sure it didn't last very long,
- 30:00Speaker 2: but it's very easy to see how that sort of
- 30:02Speaker 2: thing could be spun in a particular way to make
- 30:05Speaker 2: small landowners and small farmers seem less relevant than of
- 30:09Speaker 2: course they really are. I think the central issue here
- 30:12Speaker 2: is that continually going to government to routinely and almost
- 30:16Speaker 2: richuly abuse farmers and indeed the supermarkets is very much
- 30:21Speaker 2: barking up the wrong tree. Why on earth would they
- 30:23Speaker 2: change their behavior? What's in it for them? Just to
- 30:25Speaker 2: illustrate the sort of lack of care in this regard,
- 30:31Speaker 2: I should just point out the Groceries Code of Judicator
- 30:33Speaker 2: is the one man band that is supposed to arbitrate
- 30:36Speaker 2: over the relationship between producers and supermarkets. So consider that
- 30:42Speaker 2: he is incredibly underresourced, and also that the entirety of
- 30:46Speaker 2: the DEFRA budget for this year is two point four billion,
- 30:49Speaker 2: which would take the National Health Service only five days
- 30:53Speaker 2: to dispose of. So the message really, in so far
- 30:57Speaker 2: as UK column is concerned, is absolutely to adopt what
- 31:01Speaker 2: Julian Rose describes as the proximity principle, and this really
- 31:04Speaker 2: should be an opportunity for farmers to be looking for
- 31:07Speaker 2: markets elsewhere and dealing with people that are able to
- 31:12Speaker 2: meet whatever type of shortfall. But obviously, with all the
- 31:15Speaker 2: enormous uncertainty concerning the tariffs and trade, this would seem
- 31:19Speaker 2: a time that farmers really have an opportunity to be
- 31:22Speaker 2: providing a degree of self sufficiency that actually is not
- 31:25Speaker 2: there at the moment, and to control parts of the
- 31:28Speaker 2: market that they're absolutely not died down, shutting out supermarkets
- 31:31Speaker 2: and indeed government in the process. So something we will
- 31:33Speaker 2: definitely follow, but it remains to be seen how that
- 31:35Speaker 2: story will be spun. Now UK column is funded exclusively
- 31:41Speaker 2: by its members and viewers, and if you would like
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- 32:08Speaker 2: which we get a little percentage from, so that's again
- 32:11Speaker 2: another option. Please do share all of our contents critical
- 32:15Speaker 2: in these days of censorship that does get pushed out
- 32:17Speaker 2: by those that support UK Column because we fall foul
- 32:21Speaker 2: of all the various algorithmic issues. And now we go
- 32:26Speaker 2: to the case of Dan Kleinman, who gave a very
- 32:29Speaker 2: good interview to Diane Rasmusen mcaddie on fighting sexual grooming
- 32:33Speaker 2: in libraries and he's now looking for financial assistance in
- 32:35Speaker 2: defending against two federal defamation lawsuits filed against him by
- 32:39Speaker 2: a school librarian in Louisiana. So there'll be details of
- 32:42Speaker 2: this in the show notes. Tomorrow in Glasgow there's going
- 32:45Speaker 2: to be the Stand for Peace Scotland Glasgow Peace Walk,
- 32:49Speaker 2: so please do get along to that if you're able.
- 32:52Speaker 4: Now.
- 32:52Speaker 2: Stand in the Light, which was attended by UK Column
- 32:55Speaker 2: last year, is going to be happening at the end
- 32:57Speaker 2: of May twenty third to twenty sixth up in Beautiful Cumbria.
- 33:00Speaker 2: UK Column will be attending and we will be having
- 33:03Speaker 2: Darren and Fie on to talk about that in due course,
- 33:06Speaker 2: so do consider coming up to see what's going on there.
- 33:10Speaker 2: We've published the article which follows up the appearance of
- 33:13Speaker 2: John Kiriaku on the News last week, and this is
- 33:16Speaker 2: an article by Fiorilla Isabelle about the censorship effectively censorship
- 33:21Speaker 2: through frozen assets by Banking. Also up on the UK
- 33:25Speaker 2: Column website now is the Scottish People's COVID nineteen inquiry.
- 33:29Speaker 2: All the various videos are there, and then today being
- 33:33Speaker 2: live streamed from Cambridge, the Sense and Sensibility Conference about
- 33:38Speaker 2: the origins of the Russian Ukrainian War, and among the
- 33:42Speaker 2: speakers there are Jet Major General Bakshi, who of course
- 33:46Speaker 2: has been on a UK Column symposium, but also Brian,
- 33:50Speaker 2: Lucy Morgan Edwards and George Galloway. And I should remind
- 33:53Speaker 2: you that if you haven't yet got access to the
- 33:56Speaker 2: recording of our event in Cheltenham on Saturday, then you're
- 34:00Speaker 2: absolutely missing a trick. So please do go to the
- 34:02Speaker 2: website and get dual access to the live stream there,
- 34:05Speaker 2: which is very much still available. Yesterday the second part
- 34:09Speaker 2: of Brian's interview with Carl Schwartz went out as following
- 34:13Speaker 2: the first excellent one about what was known be leading
- 34:16Speaker 2: up to the events of the eleventh September two thousand
- 34:18Speaker 2: and one, and that was concerning sort of asbestos response
- 34:22Speaker 2: felt in emergency responders, and part two, which came out
- 34:25Speaker 2: yesterday is dealing with the aircraft reportedly involved in that day,
- 34:30Speaker 2: but evidence substantiating the effects of a controlled demolition. Now
- 34:37Speaker 2: that takes us back to Mark, and really on a
- 34:39Speaker 2: related theme Mark, but the situation with trade in certain
- 34:44Speaker 2: part of the States.
- 34:47Speaker 3: A very interesting thing, gentlemen about trade that's never discussed
- 34:52Speaker 3: is that individual states, especially here Texas, have their own
- 34:56Speaker 3: trade deals, their own trade polas, ease and even send
- 35:01Speaker 3: trade delegations to other nations. This first slide is very
- 35:05Speaker 3: illustrative of that. Of course, Texas and California are the
- 35:09Speaker 3: ones individual states with the longest coasts. California has the
- 35:13Speaker 3: long beach in Los Angeles ports where trade goes in
- 35:17Speaker 3: and out. If you haven't seen those ports, they have
- 35:19Speaker 3: to be seen to be believed the massive amount of
- 35:22Speaker 3: stuff that goes in and out of there. Texas is
- 35:25Speaker 3: right behind them, especially out of Houston and Brownsville. Anyway,
- 35:29Speaker 3: here this slide illustates that illustrate excuse me, that the
- 35:32Speaker 3: state of Texas has a Taiwan office, and Texas trades
- 35:36Speaker 3: with nearly two hundred and twenty foreign markets. It has
- 35:39Speaker 3: a Japan office and it trades mainly with Mexico, Canada,
- 35:43Speaker 3: the Netherlands, China, and South Korea. And there's an interesting
- 35:48Speaker 3: part as it shows here Article one, Section ten of
- 35:50Speaker 3: the US Constitution. Quote, no state shall, without the consent
- 35:55Speaker 3: of Congress, lay any duty of tonnage, keep troops or
- 35:58Speaker 3: ships of war in time of peace. And then I
- 36:01Speaker 3: emphasize the main part or enter into any agreement or
- 36:05Speaker 3: contact within the other state or with the foreign power.
- 36:10Speaker 3: And that's without the consent of Congress. So the states
- 36:15Speaker 3: are carrying out out quasi autonomous trade policies of their own.
- 36:21Speaker 3: One has to wonder and talks about how that might
- 36:24Speaker 3: harmonize or and different trade policling on now. And we
- 36:28Speaker 3: have a couple other slides that will kind of drive
- 36:31Speaker 3: this point home to try and figure out or at
- 36:35Speaker 3: least consider the issue of state individual states having trade
- 36:40Speaker 3: policies with regards to what Trump's doing at the federal level.
- 36:44Speaker 3: If we could look at the next slide that it
- 36:46Speaker 3: shows a little bit more about this with regards to
- 36:49Speaker 3: Michigan and California. Michigan has nearly two hundred foreign markets
- 36:54Speaker 3: and its main trade partners are Canada, Mexico, China, Germany,
- 36:58Speaker 3: and Japan. And California has over two hundred and twenty
- 37:01Speaker 3: five foreign markets, its main trading partners being Mexico, Canada, China, Japan,
- 37:07Speaker 3: and Taiwan. Now, by foreign markets, that doesn't mean just
- 37:11Speaker 3: individual nations. It means regional organizations and different institutions that
- 37:17Speaker 3: are involved, different players that are involved in the trade schematic.
- 37:21Speaker 3: But the main point here, gentlemen, is that Michigan, California, Texas,
- 37:25Speaker 3: and several other states they send trade delegations to other countries.
- 37:30Speaker 3: There's that constitutional measure that I just showed that says
- 37:33Speaker 3: that they really ought not to do that without explicit
- 37:36Speaker 3: congressional approval. And these are very massive trade deals that Texas, California, Michigan,
- 37:42Speaker 3: and these other states have with these other nations. And
- 37:46Speaker 3: I'm bringing this up mainly as an awareness thing. How
- 37:49Speaker 3: much has the Trump administration in Congress of the US Congress,
- 37:53Speaker 3: which I talked about earlier today, how much have they
- 37:56Speaker 3: considered this and how much will the Trump policies colloise
- 38:00Speaker 3: with or maybe harmonized with or maybe be neutral regarding
- 38:04Speaker 3: all these state trade efforts that are at least constitutionally questionable,
- 38:09Speaker 3: especially having such large amounts of trade going on with
- 38:13Speaker 3: individual states acting as if they're separate nations. So it's
- 38:18Speaker 3: just an awareness thing. It's a constitutional thing. It's another
- 38:21Speaker 3: piece in the puzzle to consider. I'll leave it at
- 38:23Speaker 3: that for now, but it's a very interesting topic at that.
- 38:27Speaker 2: Marm thanks very much, and I think we might have
- 38:29Speaker 2: time to come back to that in extra Now move back.
- 38:31Speaker 1: To the UK, where we are in.
- 38:34Speaker 2: Effact hosting up the case for I would say, potential
- 38:37Speaker 2: war with Iran. News today put out by Defense Science
- 38:41Speaker 2: and Technology Laboratories that they've had a crytical advancement in
- 38:45Speaker 2: the UK's defense capabilities. What you're actually looking at is
- 38:48Speaker 2: a fake picture of a fake hypersonic missile that doesn't
- 38:52Speaker 2: yet exist, but nonetheless they're talking about it as though
- 38:54Speaker 2: it does. They say that this might be ready by
- 38:56Speaker 2: twenty thirty, part of a joint project, and this gives
- 39:02Speaker 2: them opportunity to hark back to what was happening last
- 39:06Speaker 2: year being put out by Defense intelligence, where the suggestion
- 39:08Speaker 2: was that there was an inextricable link between what was
- 39:12Speaker 2: going on in Russia Ukraine and indeed Iran's support of it.
- 39:16Speaker 2: So this is a shaping operation, certainly in people's minds,
- 39:19Speaker 2: to show the idea that state threat from Russia is
- 39:23Speaker 2: absolutely synonymous with state threat from Iran and therefore that
- 39:27Speaker 2: something has to be done about it, and we see
- 39:29Speaker 2: that the British Forces broadcasting surface here its Forces News
- 39:33Speaker 2: is again pumping up exactly the same story about this
- 39:36Speaker 2: hypersonic what's been called a successful test, but of course
- 39:40Speaker 2: it's still five years away from being a reality. And
- 39:43Speaker 2: I think interesting to note that they conclude the article
- 39:45Speaker 2: by saying Brazil, China, France, Iran, North Korea and Japan
- 39:48Speaker 2: are among other countries with plans or programs devoted to
- 39:51Speaker 2: high personic weapons. Of course, what they completely failed to
- 39:54Speaker 2: mention is that since twenty eighteen, via its KINJAU system,
- 39:59Speaker 2: Russia has had a hypersonic capability. And this is one
- 40:03Speaker 2: of the things that is not to be talked about
- 40:06Speaker 2: because it clearly highlights the fact that the UK is
- 40:09Speaker 2: not only well behind Russia, but supposedly it destroys the
- 40:13Speaker 2: narrative that Russia is actually presenting a state threat, because
- 40:16Speaker 2: if it really were, as I've asked before, why on
- 40:19Speaker 2: earth would it not be doing rather more than it
- 40:22Speaker 2: is as we sit there and supposedly build up our
- 40:25Speaker 2: various arsenals. So a question to be asked there, but
- 40:29Speaker 2: that obviously the authorities not to be deterred in so
- 40:32Speaker 2: far as the building of a narrative, and indeed the
- 40:36Speaker 2: intelligence that's supposed to support that goes and we look
- 40:40Speaker 2: at the country Policy and Information note on the government's
- 40:44Speaker 2: website on Iran. Now this says November twenty twenty two.
- 40:47Speaker 2: This is actually the most recent document, and rather remarkably,
- 40:52Speaker 2: it refers back to statistics on military capabilities that are
- 40:57Speaker 2: first of all not put together by this entry. Their
- 41:00Speaker 2: American statistics, and they go back to twenty nineteen. And
- 41:03Speaker 2: that is the information upon which we are supposed to
- 41:06Speaker 2: be deciding what relationship Iran has with the United Kingdom
- 41:11Speaker 2: in terms of a state threat. Now I've shown this
- 41:14Speaker 2: slide before, but this is Hamish Faulkner, Minister for the
- 41:17Speaker 2: Middle East and North Africa, and he has stated that
- 41:21Speaker 2: it is regressibly true that Iran's nuclear program has never
- 41:24Speaker 2: been more advanced and it threatens international peace and security.
- 41:29Speaker 2: And this has been bandied around absolutely up and down
- 41:32Speaker 2: the place. There's been debates on this in both the
- 41:35Speaker 2: House Commons and the House of Lords, but there is
- 41:38Speaker 2: not one shred of evidence with which they can substantiate this.
- 41:41Speaker 2: So I think it bears a lot more scrutiny but
- 41:44Speaker 2: we'll just go to look at the former ambassador for
- 41:48Speaker 2: Iran two thousand and two, two thousand and six, so
- 41:50Speaker 2: Richard Dalton, who spoke on Newsnight recently, and this is
- 41:52Speaker 2: what he had to say.
- 41:55Speaker 5: How seriously do you take this from President Trump?
- 41:58Speaker 6: I doty serious? The risk of a war between Israel
- 42:03Speaker 6: and the United States on the one hand and Iran
- 42:06Speaker 6: on the other has never been higher. And that's because
- 42:11Speaker 6: it's been Israel's aim for many years to strike Iran,
- 42:16Speaker 6: and they've always wanted to attract United States to their
- 42:20Speaker 6: side to do it because of limitations in Israel's capabilities,
- 42:24Speaker 6: particularly in sustaining a long war. This is chiefly about
- 42:30Speaker 6: weakening Iran as a state. Iran and of course President Trump,
- 42:36Speaker 6: President and mister Natiner, who know that it knows this
- 42:39Speaker 6: does not have a nuclear weapon and does not have
- 42:42Speaker 6: a military nuclear program, and that has been the consensus
- 42:47Speaker 6: of US intelligence agencies in the US National Intelligence estimates
- 42:54Speaker 6: for the last twenty two years.
- 42:58Speaker 1: So let us hope that.
- 43:00Speaker 6: On this occasion the Americans adopt a more reasonable position
- 43:05Speaker 6: than has been sketched out for Iran.
- 43:07Speaker 2: Hitherto some hope, I think, we might say, but nonetheless,
- 43:14Speaker 2: he is quite right to point out that there is
- 43:16Speaker 2: no intelligence to support this position, and yet politicians banded
- 43:19Speaker 2: around absolutely willing, nearly never with any comeback on this.
- 43:23Speaker 2: And it is therefore pertinent and coincident that a carrier
- 43:28Speaker 2: strike group is about to depart Portsmouth towards the end
- 43:30Speaker 2: of this month to go towards the Mediterranean and then
- 43:33Speaker 2: on to the Indo Pacific. And we'll just listen to
- 43:36Speaker 2: what Luke Pollard, Enforces Minister has to say about this
- 43:39Speaker 2: and why it's happening.
- 43:43Speaker 7: From the bridge of our flagship, HMS Prince of Wales,
- 43:47Speaker 7: I'm proud to announce that our carrier Strike Group, made
- 43:50Speaker 7: up of Keen, naval, air and land forces from Britain
- 43:54Speaker 7: and our allies, will depart from Portsmouth at the end
- 43:58Speaker 7: of the month on its twenty five global deployment code
- 44:03Speaker 7: named Operation High Mast. It will engage with more than
- 44:07Speaker 7: thirty countries stretching from Italy to Japan and from South
- 44:11Speaker 7: Korea to Australia. This isn't just any mission. With nearly
- 44:16Speaker 7: four thousand British personnel accompanied throughout by a Norwegian frigate
- 44:20Speaker 7: and auxiliary ship, We're leaving a multinational task force of
- 44:25Speaker 7: thirteen nations in a demonstration of integrated deterrence across the
- 44:30Speaker 7: globe for periods, the carrier Strike Group will come under
- 44:34Speaker 7: NATO command, strengthening the bedrock alliance of our national security.
- 44:40Speaker 7: Naval power remains vital to upholding the international rules based
- 44:45Speaker 7: system that underpins our security and prosperity. Through Operation High Mast,
- 44:51Speaker 7: we stand firm with our allies against those who challenge
- 44:55Speaker 7: the international order, reminding the world that threats in one
- 44:59Speaker 7: region affect every region, that the security of the euro
- 45:03Speaker 7: Atlantic and Indo Pacific are fundamentally indivisible.
- 45:10Speaker 2: Fundamentally indivisible. I think of the words to concentrate on there,
- 45:13Speaker 2: because soon it appears that the state threat from Iran
- 45:18Speaker 2: will be fundamentally indivisible from that posed by Russia, and
- 45:21Speaker 2: that seems to be the messaging that's going on here.
- 45:23Speaker 2: There's a couple of other points to draw out of that.
- 45:24Speaker 2: It's referring referred to as Operation High Masked and not Exercise. Therefore,
- 45:30Speaker 2: there is a suggestion there inherent that there is a
- 45:34Speaker 2: specific potential for kinetic action, and of course, interestingly he's
- 45:40Speaker 2: actually they're defying the naming convention there and Operational name
- 45:44Speaker 2: should never have anything to do with the operation itself,
- 45:47Speaker 2: but naming it high masts would seem to be in.
- 45:49Speaker 1: Breach of that. Also.
- 45:51Speaker 2: Of course, initially it's going to be under command of
- 45:55Speaker 2: the NATO exercise, which means that should the carrier strike
- 46:00Speaker 2: group be engaged at that point, that would of course
- 46:03Speaker 2: trigger Article five and a response from all NATO members.
- 46:07Speaker 2: So I think that's something that absolutely people should be
- 46:09Speaker 2: bearing in mind. It's also said to have a cargo
- 46:11Speaker 2: of all these capability of up to twenty four F
- 46:14Speaker 2: thirty five fighters, and if you've listened to Tim Davis,
- 46:19Speaker 2: the former fast jet trainer and pilot with Ronevian Royal
- 46:22Speaker 2: Air Force, talk about the F thirty five capability against
- 46:25Speaker 2: Russian air defense, then you would know that having twenty
- 46:27Speaker 2: four thirty five's on board is not much to write
- 46:31Speaker 2: home about. But this really, as I say, suggests that
- 46:35Speaker 2: there is that linkage between what we're told about Russia
- 46:38Speaker 2: and indeed what we're to be told about Iran. So
- 46:41Speaker 2: it's a very clear sort of telegraphing of intent, at
- 46:45Speaker 2: least what people are supposed to believe.
- 46:47Speaker 1: Well, as you know, Article five is not an automatic reflex,
- 46:51Speaker 1: especially if you happen to be out of area. So
- 46:55Speaker 1: it seems like the British Navy having difficulty of fielding
- 46:59Speaker 1: more worships than they have admirals at the moment. It's
- 47:02Speaker 1: a bit of a casius belli or a bait as
- 47:05Speaker 1: it were, and so that's a little bit worrying when
- 47:08Speaker 1: you think about it. Strategically militarily, I can't see how
- 47:11Speaker 1: they could make a big impact in any conflict versus
- 47:15Speaker 1: the adversaries which they are claiming to be opposing there.
- 47:19Speaker 1: But just quickly on the Iran issue here, I'll bring
- 47:22Speaker 1: this up on screen, Charles. If the United States attacks Iran,
- 47:26Speaker 1: that's just a little summary there. It's a couple of
- 47:28Speaker 1: years old, but twenty twenty four, I think US bases
- 47:31Speaker 1: and troops deployment in the immenate vicinity of Iran, so
- 47:35Speaker 1: all those would be targeted in a matter of minutes.
- 47:38Speaker 1: So this is a huge number of target lists that
- 47:41Speaker 1: doesn't include Israel as well as a Cypress, which may
- 47:46Speaker 1: or may not be included in that if they believe
- 47:48Speaker 1: that that's where the origins. Even Oman and Saudi Arabia
- 47:51Speaker 1: are on that list because they've got US bases there.
- 47:54Speaker 1: Not say anything about the fifth fleet in Bahrain or
- 47:57Speaker 1: Kuwait and Iraq for that matter. You know there will
- 48:01Speaker 1: be a blowback or a price to pay for the US.
- 48:04Speaker 1: And I might add, too, Charles, that to what the
- 48:08Speaker 1: Trump administration are proposing for Iran, that they basically dismantle
- 48:13Speaker 1: or that the US is allowed to destroy Iran's civilian
- 48:16Speaker 1: nuclear program and eliminate all of their missiles, so the
- 48:20Speaker 1: demilitarization of Iran, and if they don't comply, the US
- 48:24Speaker 1: will launch a preemptive tactical nuclear strike and a decapitation operation,
- 48:30Speaker 1: as it were, to take out the leadership. So it's
- 48:33Speaker 1: regime change, destroying the country and so forth. These aren't negotiations.
- 48:38Speaker 1: And I want to warn people just a little lesson
- 48:42Speaker 1: of history, shades of nineteen fourteen. The Austro Hungarian Empire
- 48:46Speaker 1: imposed huge stringent demands on Serbia at the time, by
- 48:52Speaker 1: which Serbia complied with all but one of those, and
- 48:55Speaker 1: they still Austria Hungarian still declared war on Serbia. So
- 49:00Speaker 1: that's what's happening here. The United States has issued a
- 49:03Speaker 1: declaration of war. It's only a question of when they're
- 49:07Speaker 1: going to attack. These are not negotiations and this can't
- 49:10Speaker 1: be seen as any kind of acceptable state craft unless
- 49:13Speaker 1: you're talking about the rules based international order, where he
- 49:17Speaker 1: who has the power and the money makes the rules.
- 49:20Speaker 1: And unfortunately, I believe that's where we are right now.
- 49:23Speaker 1: So something to think about there. But just note that
- 49:27Speaker 1: Benjaminette Yaho was in Washington this week and there he
- 49:30Speaker 1: is with Donald Trump looking at pictures of Benjaminette Yahoo
- 49:35Speaker 1: and Donald Trump. So as some people who like to
- 49:38Speaker 1: talk about narcissists and power hungry oligarchs would get a
- 49:43Speaker 1: chuckle at a photo like that, But last time Biebee
- 49:46Speaker 1: was in Washington, it looked like they're plotting to cancel
- 49:50Speaker 1: the ceasefire in Gaza. That's what eventually happened. Now we
- 49:53Speaker 1: have a full blown resumption of that conflict in the
- 49:56Speaker 1: carnage there. What exactly are they planning on this to Washington,
- 50:01Speaker 1: and it could very well be a joint strike on
- 50:03Speaker 1: Iran At that point all bets are off.
- 50:06Speaker 2: Charles absolutely, yeah, and again more to talk about an
- 50:08Speaker 2: extra but on the theme of things that won't go away,
- 50:11Speaker 2: back to Mark with the pandemic treaty.
- 50:17Speaker 3: Thank you. I'm continuing, of course, to follow this very closely.
- 50:21Speaker 3: The inner governmental negotiating body that's working on the treaty.
- 50:26Speaker 3: The talks resumed this past Monday, and they conclude today,
- 50:30Speaker 3: April eleventh. But I confirmed pretty much it appears that
- 50:35Speaker 3: the withdrawal of the US from the WHO system meant
- 50:40Speaker 3: it literally meant that no US participation was seen for
- 50:44Speaker 3: the first time ever. There were no delegates this past
- 50:48Speaker 3: week concluding today from the US at the pandemic talks.
- 50:52Speaker 3: And we're keeping in mind that the seventy eighth World
- 50:54Speaker 3: Health Assembly, the nineteenth through the twenty seventh of May
- 50:58Speaker 3: is coming up. It's also fairly clear I talked to
- 51:02Speaker 3: James Roguski briefly last night and looked through a whole
- 51:05Speaker 3: bunch of WHO literature from about a year ago and recently.
- 51:09Speaker 3: And I'm saying here with this slide, I'm saying stay tuned.
- 51:13Speaker 3: And I took this photo during the deliberations. Like my
- 51:16Speaker 3: Congressional report in the Ways of Means Committee, I took
- 51:19Speaker 3: those online photos virtually to get us as much firsthand
- 51:24Speaker 3: stuff as possible. I took this photo here there's Tadros,
- 51:27Speaker 3: the Director General, and a couple other top officials. And
- 51:31Speaker 3: what I was able to distill out of this I
- 51:33Speaker 3: watched some of the dry, tedious deliberations. I'll tell you
- 51:36Speaker 3: it is a cure for insomnia. But the inter Governmental
- 51:41Speaker 3: Negotiating Body as of yesterday was reportedly eighty nations shy
- 51:46Speaker 3: of its needed consensus to finalize the treaty. But there
- 51:50Speaker 3: are the talks today, and Raguski pointed out and I
- 51:53Speaker 3: saw other indications that there might be additional pre World
- 51:57Speaker 3: Health Assembly talks that could be called. They could be
- 52:01Speaker 3: organized to try and move things along. So Ding Dong
- 52:05Speaker 3: the witch is dead, cannot be pronounced yet. She's still alive.
- 52:09Speaker 3: We'll just have to keep a close eye on it.
- 52:11Speaker 3: But the WHO funding cuts led by the US that
- 52:16Speaker 3: are troubling the WHO right now that I reported on
- 52:19Speaker 3: last week, that is a bit of dead weight on
- 52:21Speaker 3: the WHO, and it is creating some problems with them
- 52:25Speaker 3: getting everything they want regarding the pandemic treaty. But we'll
- 52:29Speaker 3: just keep a very close eye on this. It's a
- 52:31Speaker 3: very critical time. The treaty has kind of been delayed
- 52:35Speaker 3: and fallen out his face. Going about a year ago
- 52:38Speaker 3: May twenty twenty four, they were working on it and
- 52:41Speaker 3: it kind of got sidetracked and shelved for a while.
- 52:45Speaker 3: So they're by no means having an easy time at
- 52:48Speaker 3: this and anything that we can do to contact members
- 52:51Speaker 3: of Parliament, local officials, members of Congress depending on where
- 52:54Speaker 3: you live, would be very important right now. And so
- 52:58Speaker 3: we'll just keep a close eye on it and see
- 53:00Speaker 3: if they have another negotiating meeting prior to the World
- 53:04Speaker 3: Health Assembly or if they wait for the World Health Assembly.
- 53:07Speaker 3: That's the main question right now. So back to you.
- 53:10Speaker 2: Guys, indeed, Mark, thank you very much, indeed, and as
- 53:13Speaker 2: you say, we need to keep on it and where possible,
- 53:15Speaker 2: act certainly at the local level to push back on that.
- 53:19Speaker 1: Now.
- 53:20Speaker 2: Other organizations that need to have an eye kept on
- 53:22Speaker 2: the number among them the BBC of course, and they've
- 53:25Speaker 2: just announced or at least revealed the fact that the
- 53:29Speaker 2: statue on Broadcasting House by Eric Gill, which was damaged
- 53:33Speaker 2: a couple of years ago, has been repaired, restored and
- 53:36Speaker 2: is now covered in a protective glass case. And the
- 53:42Speaker 2: story here really is that Gil himself, a well renowned
- 53:45Speaker 2: sculptor of the twentieth centuries or sculptor, was also a pedophile.
- 53:50Speaker 2: And it's not to suggest that there should be any
- 53:53Speaker 2: sense of revisionism to this. The building is of course
- 53:56Speaker 2: a Grade two listed building and therefore they're limited in
- 53:58Speaker 2: terms of what they would be able to do, certainly
- 54:00Speaker 2: without planning consent. But the point is is this necessarily
- 54:04Speaker 2: consistent the BBC insofar as the way they deal with
- 54:08Speaker 2: other subject matter. So just look at the treatment of this.
- 54:12Speaker 2: This is what the Chief Executive of Historic England who's
- 54:15Speaker 2: been sort of involved in the project says, and he
- 54:18Speaker 2: describes it as being in line with our approach of
- 54:20Speaker 2: encouraging thoughtful, long lasting and powerful reinterpretation of contested statues
- 54:27Speaker 2: and sites, which keeps their physical context but adds new
- 54:31Speaker 2: layers of meaning and understanding. Now it's hard not to
- 54:36Speaker 2: interpret that in light of the sorts of things that
- 54:39Speaker 2: are going on in the education system with regard to
- 54:42Speaker 2: what children what's being normalized to children in terms of
- 54:45Speaker 2: sexuality and all kinds of sexual perversions. This would seem
- 54:50Speaker 2: to add weight to that narrative. And as I say,
- 54:51Speaker 2: we're the question to be asked here is is the
- 54:53Speaker 2: BBC being consistent, especially where other statue removals are concerned.
- 54:59Speaker 2: And of course this is how they reported on the
- 55:01Speaker 2: removal of the statue of Edward Colston in Bristol during
- 55:05Speaker 2: the highlight the high point of the Black Lives Matter
- 55:10Speaker 2: process back in twenty twenty they described as being a
- 55:12Speaker 2: largely peaceful demonstration, where of course actually quite a lot
- 55:15Speaker 2: of people were injured. And then we've got their absolute
- 55:18Speaker 2: failure to deal properly with people that have worked for them,
- 55:22Speaker 2: such as Rolph Harris, Jimmy Saville and of course, most
- 55:26Speaker 2: recently Hugh Edwards. So I think the BBC at least
- 55:31Speaker 2: can be accused of substantial hypocrisy, but also a certain
- 55:37Speaker 2: degree of recklessness because they point out in the article
- 55:40Speaker 2: that they are not condoning the behavior of Gil. They're
- 55:45Speaker 2: trying to make a degree of separation between the man
- 55:47Speaker 2: and the artwork. But therefore what they are certainly not
- 55:49Speaker 2: doing is in any way condemning the behavior, and also
- 55:54Speaker 2: in putting a glass case around it, they are recognizing
- 55:57Speaker 2: that it remains vulnerable. And of course in in that
- 56:00Speaker 2: statement is the fact that they feel like they're doing
- 56:03Speaker 2: something wrong. Now, I think we'll have more to say
- 56:05Speaker 2: about that sort of thing. In extra we're a bit pushnai,
- 56:08Speaker 2: but we're now going to go into space.
- 56:12Speaker 1: Indeed, so of all the stories here, this is a
- 56:15Speaker 1: feel good story. In a certain way, you might get
- 56:18Speaker 1: a little bit of a smile out of this. But
- 56:20Speaker 1: there is this is the little Green Man in Kiev.
- 56:25Speaker 1: And what's going on here is Zelenski tries to arrest
- 56:28Speaker 1: an International Space Station cosmonaut who is in space. In
- 56:32Speaker 1: Zelensky seeking a fifteen year jail term for this quote
- 56:37Speaker 1: draft dodger, believe it or not. So he did everything
- 56:40Speaker 1: but serve him with papers up at the ISS here,
- 56:45Speaker 1: so waited for him to get up into space before
- 56:49Speaker 1: well this week they put that through in the Ukrainian judiciary. There,
- 56:53Speaker 1: let's take a look at this here and this astronaut here,
- 56:57Speaker 1: This is Alexei Zubritski there, and you can see he
- 57:01Speaker 1: is the one there on your left hand side. And
- 57:04Speaker 1: he's there with another Russian cosmonaut and a US astronaut,
- 57:07Speaker 1: Johnny Kim. So he's up there, and so he's found
- 57:10Speaker 1: himself in the crosshairs of Zelenski. Little did he know
- 57:14Speaker 1: that the Little Green Man had a beat on him
- 57:17Speaker 1: from the moment he took off the Soyas rocket from Kazakhstan.
- 57:21Speaker 1: But there you are. So Zelenski in his mission to
- 57:24Speaker 1: find warm bodies for the trenches in Ukraine. Here he
- 57:29Speaker 1: is always looking for conscripts these days. Zubrinsky was among
- 57:34Speaker 1: the numerous Ukrainian military personnel who rejected the new government
- 57:37Speaker 1: in Kiev we're talking about twenty fourteen and continued their
- 57:41Speaker 1: careers in the Russian Armed Forces. So he's kind of
- 57:44Speaker 1: a defector of sorts who was based in Selvestopol, so
- 57:47Speaker 1: in Crimea. So he made that jump when the referendum
- 57:52Speaker 1: happened in Crimea, as did many others. So he applied
- 57:54Speaker 1: for the space program in twenty seventeen and was confirmed
- 57:57Speaker 1: as a flight engineer for the soyas MS twenty seven
- 58:00Speaker 1: mission last August, and by Russian reports, he is among
- 58:04Speaker 1: their most promising astronaut young astronaut candidates in years, so
- 58:08Speaker 1: highly decorated here, and Zelenski basically put out an arrest
- 58:12Speaker 1: warrant for him as a draft dodger. But that's interesting, Charles,
- 58:15Speaker 1: that Zelensky would be chasing draft dodgers, because we only
- 58:19Speaker 1: have to look at this interview here with none other
- 58:22Speaker 1: than Petro or Pyoto Poroshenko who claimed that his successor,
- 58:27Speaker 1: President Zelenski was himself a draft dodger. And we have
- 58:32Speaker 1: checked the background on this, it is true. In fact, Zelenski,
- 58:35Speaker 1: we don't have the video with us, but there are
- 58:37Speaker 1: videos on social media where he's kind of boasting that
- 58:40Speaker 1: he's not going to be serving in the Ukrainian military
- 58:42Speaker 1: while they were being trained by NATO at the time.
- 58:45Speaker 1: This was after my don in twenty fourteen. So Zelenski,
- 58:49Speaker 1: the draft dodger, is chasing astronauts that he claims are
- 58:52Speaker 1: draft dodgers. I think that's just about the best thing
- 58:55Speaker 1: I've read all week.
- 58:55Speaker 2: Absolutely once a comedian, yes, I mean one wonders where
- 58:59Speaker 2: that's the is going to go? Why on earth are
- 59:02Speaker 2: we even to be made aware of it? It's extraordinary,
- 59:06Speaker 2: But that is perhaps a suitable note upon which to
- 59:09Speaker 2: draw the news to a close, but not before I
- 59:11Speaker 2: remind you to make sure that you do go back
- 59:15Speaker 2: to look at the part two of the cars Schwartz
- 59:17Speaker 2: interview with Brian from yesterday pertaining to the events of
- 59:21Speaker 2: September eleventh back in two thousand and one, and I
- 59:24Speaker 2: think really significantly what was known before and in the
- 59:28Speaker 2: immediate aftermath that has been so so heavily suppressed, And
- 59:33Speaker 2: also again a reminder really to catch up with what
- 59:37Speaker 2: happened in Cheltenham at our UK column on location event
- 59:40Speaker 2: where of course Patrick spoke among others. It was very
- 59:43Speaker 2: very well received, and I really would urge you to
- 59:44Speaker 2: access the livestream if that's something you haven't already done.
- 59:47Speaker 2: But otherwise it just remains for me to thank Patrick
- 59:49Speaker 2: very much indeed for joining me in the studio today.
- 59:51Speaker 2: Thank you Patrick, and to Mark for joining via video link,
- 59:55Speaker 2: and we will look forward to seeing you again on
- 59:57Speaker 2: the news on Monday.
- 59:59Speaker 1: Thank you very much.
- 1:00:00Speaker 2: An extra sorry and extra Patrick, Thank goodness you're here.
- 1:00:04Speaker 1: Yes.
- 1:00:05Speaker 2: For those of you that are members, please stay on
- 1:00:06Speaker 2: the line and we'll be back in a few minutes
- 1:00:09Speaker 2: for extra bye.
- 1:00:10Speaker 7: Bye.