and savings rate of deflation and wages and a crew crunch and purchasing power so the bank of england is lying you could say that they're evil and that they support financial terrorism as i've said before of course we've seen that electric and gas prices are skyrocketing here and last week david cameron the prime minister of the cape told. citizens and well subjects of the u.k. he's told them to switch from british gas because they raise their prices by nine point two percent well n. power another big energy provider here just raise their gas prices by eleven point one percent and their energy prices by nine point three percent so if you had switched into n. power you'd be shocked to learn that you're about to get a even bigger rise and what british gas is offering but also this headline today frenzied london property market sees house prices jump ten per cent in just a month this is up from two percent per month throughout the summer so that per month that's two percent ten percent per month remember wages in the u.k. are increasing at less than two percent per year so here you see t

that's right max i believe it will and in fact the bank of england did an online hash tag tweet operation where you were allowed to send them questions and apparently somebody something a question about quantitative easing and called it evil well here is the bank of england tweet hash tag ask b. o.e. q e not evil they told me cry man one zero one has helped to support economy and protect jobs so they of course receive some responses to this huey is evil and you are the devil says grumpy old dude and then after that we see life master said no it's helped to support a corrupt banking system and push people further into poverty so there you have at the bank of england says q.e. quantitative easing is not evil when. they say over there the bank of england that their timing their monetary policy to jobs but there is no connection really between these two other than the fact that the quantitative easing is forcing wages

evil well here is the bank of england tweet hash tag ask b. o.e. q e not evil they told me cry man want to one has helped to support economy and protect jobs so they of course receive some responses to this huey is evil and you are the devil says grumpy old dude and then after that we see life master said no it's help to support a corrupt banking system and push people further into poverty so there you have at the bank of england says q.e. quantitative easing is not evil when. they say over there the bank of england that their timing their monetary policy to jobs but there is no connection really between these two other than the fact that the quantitative easing is forcing wages down as part of a deflationary crash that the u.k. now finds itself in and by deflation i mean that the bond market in the u.k. is imploding foam from within we see this in the banking sector h.s.b.c. barclays royal bank of scotland and lloyds remember they imploded in a deflationary implosion in two thousand and eight just because the bank of england now they say they're s

system and push people further into poverty so there you have that the bank of england says q.e. quantitative easing is not evil when. they say over there at the bank of england that their timing their monetary policy to jobs but there is no connection really between these two other than the fact that the quantitative easing is forcing wages down as part of a deflationary crash that the u.k. now finds itself in deflation i mean that the bond market in the u.k. is imploding foam from within we see this in the banking sector h.s.b.c. barclays royal bank of scotland and lloyds remember they imploded in a deflationary implosion in two thousand and eight just because the bank of england now they say they're saving their economy they're misstating the facts are they are keeping zombie banks afloat even though the rail economy is experiencing a deflation and savings rate of deflation and wages and a crew crunch and purchasing power so the bank of england is lying you could say that they're evil and that they support financial terrorism as i've said before of course we've seen that elect

bank of england into speculation thirty to forty to forty five percent of u.k. economy is real estate speculation another forty percent is financial speculation only thirteen percent is actually small to medium enterprises and if you talk about inflation that would mean wages would be going up that's what inflation includes but wages are going down so it's not inflation in the sense of the classic sense of what inflation means you've got deflation you've got money printing which is fueling. an entrenched kleptocracy an old gum police which is stealing money from the public in several ways through monopoly pricing of energy and food by confiscating wealth through balan's and other sorts of government imposed schemes like the help to buy scheme and then you have loss of wages due to the fact that the government is over in china doing deals with the chinese after having stripped all the jobs here and giving all the jobs to china well of course the energy companies are being sold off to china as well so of course what happened was margaret thatcher privatized britis

the problems with one stone well look bank of england has accumulated during the last five years of this crisis more than three trillion pounds of debt funding. these george osborne like ponzi scheme programs the bank of england could simply look at the other part of the economy the people that are not speculating in the housing market that are working for a living and you could quadruple minimum wage funded by the same money from the bank of england therefore you'd have a middle class g.d.p. expansion and you have people buying houses that they normally do but he doesn't like those people he has contempt for those people he's trying to exterminate those people he only favors the people in the city of london that's why the tory party is the party of toffs and the party of the ne'er do wells and the and the lord grantham of the world from downton abbey you sit on their duffs all day they're dossers to do absolutely nothing well it also shows you the financialization of the world and the economy and our politics because they're saying it's a twelve billion pound scheme but that twelve

and eight just because of bank of england now they say they're saving their economy they're.

but that's never going to happen because the bank of england in the u.k. economy is the most leveraged in the world their bank of england balance sheets gone up eight hundred percent during the time of the federal reserve balance sheet increased by forty percent in terms of toxic debt that toxic debt on the bank of england's balance sheet is not going to be able to be worked its way back into the economy they're going to increase quantitative easing in the u.k. so more companies been caught out in an outright lie which i think not that anyone will report on or notice but he's lying through his teeth now you talked about irritable bowel syndrome in the opening bit and i want to say that this is also a sign that you see the same sort of flatulence coming out of central bank and because here's an interesting tweet to us from trolling for good he said his mind quantitative easing underpins wall street such that any signs of a weak economy push the market higher the markets get bloated as soon as there's any bad signs any the refined bread the process foods are

system and push people further into poverty so there you have at the bank of england says q.e. quantitative easing is not evil when. they say over there the bank of england that their timing their monetary policy to jobs but there is no connection really between these two other than the fact that the quantitative easing is forcing wages down as part of a deflationary crash that the u.k. now finds itself in deflation i mean that the bond.

the problems with one stone well look bank of england has accumulated during the last five years of this crisis more than three trillion pounds of debt funding. george osborne like ponzi scheme programs the bank of england could simply look at the other part of the economy the people that are not speculating in the housing market that are working for a living and you could quadruple minimum wage funded by the same money from the bank of england therefore you'd have a middle class g.d.p. expansion and people buying houses that they normally do but he doesn't like those people he has contempt for those people he's trying to exterminate those people he only favors the people in the city of london that's why the tory party is the party of toffs and a party of the ne'er do wells and the and the lord grantham of the world from downton abbey you sit on their dolphin all day they're dossers to do absolutely nothing well it also shows you the financialization of the world and the economy and our politics because they're saying it's a twelve billion pound scheme but that twelve billion pounds

by the ponzi scheme comes of economic health warnings from mervyn king bank of england the i.m.f. and from economists around the world that the program will destroy the u.k. economy despite the warning greater fools are lining up to put just five percent down on a property worth up to six hundred thousand pounds so that they the sax player chump will put down the remaining fifteen percent. pop open the bubbly or is a perhaps a bottle of maggie maggie stacey was going max it's called our maggie it's a beer being sold at the conservative party conference they're tearing the return of the housing bubble pm triggers new house sales spree two hundred thousand get chance to buy as cameron starts twelve billion pound mortgage guarantee scheme next week prime minister yesterday announced help by scheme will start from next week three months ahead of schedule quote i will not stand by while hardworking people struggle to get a mortgage but critics say dangerous scheme will inflate the market well there's a couple things here one is as you point out in the opening people tend to gravitate t

system and push people further into poverty so there you have at the bank of england says q.e. quantitative easing is not evil when you know they say over there at the bank of england that their timing their monetary policy to jobs but there is no connection really.

of england head he's just announced that the bank of england will begin buying ever a lower quality of assets from commercial banks another word the bank of england's balance sheet as it ben expanded by four hundred percent which is the biggest expansion of ever any central bank in the world they went from something like four hundred billion dollars in debt to four times that amount and pushing over a trillion dollars of the toxic debt that they're holding on the balance sheet now mark carney wants to push that to above nine trillion pounds worth of toxic debt is this going to work well again this is kicking the can down the road a little bit further with c.m. right now this is policies designed keeping the status quo to keep the ponzi scheme the fractional reserve banking system alive to give it a bit more injection to take it a little bit further to him. properties a little bit more so we can keep more of the status quo but in the end has to come to an end i mean isn't mark carney just a hedge fund manager and he's trading the balance sheet of the bank of england like a hedge fund

in other words they've expanded their credit line to the bank of england his balance sheet went from eight hundred billion pounds to over now close to four trillion pounds worth of debt and of course the national debt in the u.k. it's new highs every quarter and the deficit is also looking like it's going to go higher too it's also the wall street journal the newspaper for wall street they're saying look how far can positive this is we are fraud has created economic stimulus we are great we are doing god's work for real because there are also the article shows images from the conservative party conference hardworking people because remember the conservatives are working hard for those hard working people they say well this all of the banking fraud here and. in suing compensation claims have created jobs they're saying that the claims have come been coming in at such a clip that it's created tens of thousands of new jobs to handle the claims for compensation for this for this fraudulent misselling of p.p.i. schemes right now once again these are jobs that are part of the financializat

in other words they've expanded their credit line to the bank of england his balance sheet went from eight hundred billion pounds to over now close to four trillion pounds worth of debt and of course the national debt in the u.k. hits new highs every quarter and the deficit is also looking like it's going to go higher too it's also the wall street journal the newspaper for wall street they're saying look how freaking positive this is we are fraud has created economic stimulus we are great we are doing god's work for real because there are also the article shows image from the conservative party conference hardworking people because remember the conservatives are working hard for those hard working people they say well this all of the banking fraud here and. in suing compensation claims have created jobs they're saying that the claims have come been coming in at such a clip that it's created tens of thousands of new jobs to handle the claims for compensation for this fraudulent misselling of p.p.i. schemes right once again these are jobs that are part of the financialization and secur

of china. >>> the bank of england holds its monthly rate meeting later today with few expecting change to either benchmark interest rates or asset purchases. the imf recently revised upwards its forecast for the uk growth trajectory, but current output remains well below crisis levels. many people said they would be a bit of a smooth seg, but that's exactly what mark carney wants, right? >> yeah, i think you are right. it's going to be a quiet day in terms of interest rate decisions. i don't think we're expecting any difference in the qeo any difference in the interest rate decision. i just know the inflation report is coming out in december. but that doesn't change the debate that is rambling on, which is can we sustain mark carney's kind of flagship program of forward guidance when we've got so many positive indicators in the economy? i mean, you spoke about the blip we saw yesterday where productivity didn't match expectations and you're quite right. but essentially, for the last two or three months, every other economic data we've had out has been positive. especially that from the

system and push people further into poverty so there you have at the bank of england says q.e. quantitative easing is not evil with.

the bank of england said not to do anything the last time around. and right now they say british unemployment seems to be falling slightly faster than expected growth. they predicted it would take three years to fall from that 7% knockout period. it's now, therefore, seeing the problem with that unemployment growth would be faster in the second half of 2013 than expected. it can avoid the policy close to being breached. but they are still divided about how rapidly productivity would pick up and by extension how fast unemployment would fall as the economy recovers. so we'll get more on this in a few moments time. you can see sterling/dollar steady after that, 161.72. if anything, it picks up slightly from the session lows. "worldwide exchange" continues. >>> the headlines from around the global, the ecb puts its credibility on the line unveiling the plan to check the health of 128 european banks that will take a year to conclude. >>> italian and spanish bank stocks are lower on an already down market. >>> chinese banking shares are down on reports th

of england back into the banks and debts compound at twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can count me in negative territory they're living on carty farts they're living on corny farts here that's their entire economic still called growth . for good. food food great hopes for freedom and democracy. substituted by great disenchantment. what was expected to be a blessing to the country. turned out to be its course. george the story of the disappointment. welcome back you're watching r t now the us is at all odds with its nato ally turkey after ankara turned away from alliance members and seeking a multi-billion dollar military contract turkey is in talks with a chinese company to co-produce missile defense systems and that firms under american sanctions for violating a nonproliferation act want turkish analyst explained acar his motives to. american . system is all of it so that the americans control the entire system if it is deployed rare as china is offering turkey to produc

of england back into the banks and debts compound at twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can come out of these in negative territory they're living on carty farts they're living on corny farts here that's their entire economic so-called growth. of. what's going on guys i'm happy martin and this is breaking the set so the n.s.a. is a leaky faucet just won't stop therapy and we hardly know that the us government has attended told me years of world leaders and france germany and brazil and just yesterday we learned the extent of the n.s.a.'s global spying apparatus goes well beyond these three countries yes apparently eavesdropping on the phone calls of longtime allies just isn't enough to quell uncle peeping sam is voyeurism addiction according to a two thousand and six classified memo released by the guardian the n.s.a. has monitored the phone calls of thirty five world leaders and the best part is that the memo acknowledges that the spying has produced virtually no report of

bank of england, ecb, bank of japan. >> thanks for a much for coming in. rush.esburg's second gold everyday thousands of men had underground to sift through the remnants of south africa's abandoned mine. they are hoping to find what is left of the precious metal. as andrew harding reports, it is dangerous and often deadly. >> on the edge of town, a small hole. the entrance to a vast and dangerous world. these men are illegal miners. they have been burrowing under johannesburg in search of gold. not today. instead they are holding up the body of a dead colleague. it is a regular occurrence here. age 28, he was killed deep underground in an abandoned tunnel that collapsed on top of him. it took three hours to carry the body to the surface. >> i know seven people who have died down there now. this job scares me. >> big mining companies have been digging for well over a century. when they finish in one area, illegal teams -- move in. it is a new gold rush. the south african police arrive buteal the whole, -- hole, they know they will quickly find another way i

bank of england, ecb, bank of japan. >> thanks for a much for coming in. rush.esburg's second gold everyday thousands of men had underground to sift through the remnants of south africa's abandoned mine. they are hoping to find what is left of the precious metal. as andrew harding reports, it is dangerous and often deadly. >> on the edge of town, a small hole. the entrance to a vast and dangerous world. these men are illegal miners. they have been burrowing under johannesburg in search of gold. not today. instead they are holding up the body of a dead colleague. it is a regular occurrence here. age 28, he was killed deep underground in an abandoned tunnel that collapsed on top of him. it took three hours to carry the body to the surface. >> i know seven people who have died down there now. this job scares me. >> big mining companies have been digging for well over a century. when they finish in one area, illegal teams -- move in. it is a new gold rush. the south african police arrive buteal the whole, -- hole, they know they will quickly find another way i

fed but it's the european central bank bank of england, bank of japan and china are in the business of printing more and more money. that's where gold starts to get its appeal. >> it's karen. let me ask you something. you don't see a scenario where you have a very bullish view of the tenure and gold? those are hedges to one another. >> they do offset one another. longer term i mean we want to find a good time to sell that tenure. and that's not right now. right now it looks like the economy is slowing and that ultimately means an easier fed for longer. so there is is a complex tan go i guess, between gold and the ten year yield. >> you're long both and treasuries but you're looking at an exit? would that be december when you think the fed is going to start tapering? >> i think the economy will be slow and weak for quite a time. as long as there is deleveraging going through, there will be a lot of pressure on the fed to keep those ten year yields down. as the fiscal authorities contract, as the banking system contracts, the monetary spig oths stay on. >> i'm going to leave it there. th

file into -- >> where does this leave the bank of england forecasts? are they going to be bringing it down? everybody is assuming we're going to hit unemployment rate at 7% earlier as one of the knockouts raising rates. >> yeah. it will be earlier than their august projections which is what they're sort of suggesting in 2016. i think it's going to have to be sort of mid 2015 by now. certainly some of the comments we've seen over the past month or so may be getting a bit ahead of the curb. people talking about 2014 rate hikes. that is way too premature. >> until it's spent, of course, on productivity and capacity question. and i suppose we don't really know, do we? >> that's the big uncertainty and if there's uncertainty, they will be cautious and monitoring the bate month by month. we have seen productivity pick up for a first quarter in q2. i don't think that's going to be resolved on that issue for quarters. >> one of the big things in the economy has been the british help to buy income. surveys show the number of new homes up by 20% in the same peri

their fraud that money is immediately replaced by the bank of england that they're not paying for their in other words they've expanded their.

of england back into the banks and that's compound at twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can commies in negative territory they're living on party farts they're living on corny farts here that's their entire economic so-called growth. actually it's go back to libya because for all the criticism that you have about not. syria russia doesn't want to see syria explode everyone thinks it's russia trying to protect its friends geopolitical interests you know it's about a region could explode and explode in a really vicious. killing because we're not doing the old in a civil war is that your position. doing nothing and only one hundred and. your. ok you you good you finish. line of peter all of. mine. the fact that the military practice any given moment. people you know doing. is basically like like a normal wrist that you actually drag somebody out of his house in the middle of the night don't differencies that the person that you are arresting is not really wanted for anythin

of england back into the mix the debts compound a good twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can count me in negative territory they're living on clarity farts they're living on corny farts here that's their entire economic so called growth. as you know as you know. most everyone in my life that i cared about their gold mine and then. i came to skint well. i was a national champion in track and field and also i was able to go and qualify for the olympic games. you know nine hundred eighty eight i started to experiment with other drugs i had lost all the financial means that i had was really on the street . black. to build a. mission to teach me. this is why you should care only. now she runs her own factory. smoking and even coffee is forbidden. will he be able to win back. the law. and the rest. will be. another. case communications head. and the u.k. prime minister a fails to convince his european partners to cut back on business red tape following reports that regulations

of england back into the mix the debts compound a good twenty percent a year or so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can commies in negative territory they're living on carty farts they're living on corny farts here that's their entire economic so-called growth. two years out of the force ouster of khadafi by nato forces would be a stance as the abyss the lack of a strong central government weak rule of law and endless violence in a country awash with weapons has resulted in libya facing a failed state status add to this the presence of islamic militants can things get any worse in libya they're doing whatever they want in syria these days and even the obama administration can do nothing to rein the saudis in and i think the sad answer is that the united states doesn't have the power that it once had it doesn't have the leverage that it wants tries to work through allies through international organizations and occasionally on a child and deal with the court of public opinion. the best america can bu