Homewards it has been the state it hasnt be the best of the evidence suggests actually when Central Banks and ministries of finance collaborate and coordinate their activities the government says were going to do this big expansion in infrastructure were going to spend this on r. And d. And the central bank finances support financing through its Monetary Policy has credit guidance policies that direct lending into those sectors most needed then you tend to have more successful outcomes not everywhere of course theres always exceptions theres always those involved ways and you will south american failed states but in countries with mature institutions and democracies thats not generally the case well they know they even lie about the Interest Rate in the city of london as we know for a reliable until say a german coal wouldnt government so thats nationalizing everything in green new deal. Policy doesnt look likely to change given what the e. C. B. Did you think it may be at the loose local level that people can start creating recreating in the economy say with the brixton pound which we have to explain yeah yeah i think we should certainly be encouraging local and regional efforts to get more control over economies i think what we really do need actually is more regional banks actually say banks hes focus is not the world as we have in the u. K. And big banks tend to want to make big loans they dont tend to want to support for example Small Businesses transaction costs are just too high the risks are too high theyd much rather make big planes with. As the backing is the collateral but actually in the act that doesnt help create a more productive economy it just drives up house price and so so i think we need to you know the german model is quite a good one they have a big stake Investment Bank there k f w sitting behind regional public banks that actually then lend to me and middle sized companies to support innovation to support new kinds of products so that would be a more interesting model in scotland that have Just Launched a national Investment Bank that we had voiced nicholas sturgeon on actually on a p. P. England the u. K. Doesnt have such an institution actually is one of the few advanced economies where we dont have a big state investment back. Here well in the United States 2020 democrat president ial contender tools he gathered holds a town hall today in iowa after the d. N. C. Refused to allow her to thursdays debate in texas not one mention of President Trump firing his 3rd National Security adviser john bolton was made at the democrat debate but joining me now via skype from california is former senator and twice u. S. President ial candidate mike gravel senator thanks very calming back on the show so youve called it wonderful news for a safer world what do you make of a d n c media already criticizing dont jump 1st sat. John bolton as the 27 National Security advisor Joe Scarborough on m. S. N. We see owned by the same own as a c. N. N. And sky news backers of biden and warn all saying you know bolton wouldnt cozy up to americas enemies like the president would thats why he went oh its an embarrassment of the democratic leadership it really is bolton this was probably the most significant warmonger in recent history and to be able to give him many kudos when when he was fired and inspired not resigned and saying that this will be a sure shiz up his image for quite a while because bolton was on the verge of creating an invasion of iraq his response will for our attitude towards russia and china cannot force north korea you know and so when he was appointed boy it was a view very test mix it as a mystic situation where now the least fired is going to limit the possibility of donald trump setting off a war by accident he will do it on purpose hes not only a warm or a shot a lot of other problems but that is not one of them and sold it the democrats would wish for and theres like a safe for saloon embarrassed religious shows you theres a likelihood that by then you get selected or a conventional democrat gets elected were going to be able to see the same ole same ole where democrats are just as interesting. As republicans because bolton is a popular around the world we have my clean his predecessor on this show actually didnt seem to want to war on russia so youre saying theyre basically. We should be more confident the Trump White House wouldnt want to go to war with well there is an economic war already against Venezuela Iran cuba syria russia you think that were in safe i have well i think we are very safe when you say he is a war just too harsh about the sanctions are kind of war that killed just as many people as the violent wars. But now of the are trying to make a deal with anybody it is ridiculous theres no we have no right to go sanction anybody. But bolton was at 10 initiating a war in the fact that hes no longer there and pompei 0 is just there and then t. Shirt and youll see a new anything that trump wants but the land is a truck going to war at this point and he. Personally jew putin is is should be applauded and also that north korea mention the democrats anyone who despise john bolton as National Security adviser they shouldnt think that joe biden. Or maybe i dont know maybe even Elizabeth Warren let alone kemal arris of the democrats for the 2020 the elections necessarily will be different on Foreign Policy when it comes to war as. I grew up there only i think of the only change we have to end the decent Foreign Policy is for early senatorship elected and toshi ever to be selected as Vice President then will be kerry and he to reverse the course of our desire to be a living buyer youve shut down your 2020 campaign and as you said youre endorsing money sonders for the president of the elections next year we know from wiki leaks what the democrats did to try and destroy Bernie Sanders chances last time around in favor of Hillary Clinton youre still supporting Bernie Sanders now but you know think the d. N. C. Is going to do the same thing so yes they try i dont love to be successful but no question but the dilution of the party is not supporting Bernie Sanders and also told she cared because both of them represent. Many it was who share to the mills who just show complex and i know the job she ever is going to try and stay in from the debates she was she was she had the process just the way they shoot me when are we. And she has to say the proper number of donors. Over. 1200. What happened to her happened to me is that in my name i make sure my need peer in a number of polls of another because you have a c. Its not a good job as the about all d. N. C. Parts as im just going to briefly ask you given the announcement from netanyahu about the annexation of yet more land here legally under International LawBernie Sanders is tweeted against israel for the proposed further an accession of the west bank do you think you expect c. N. N. s n. B. C. Talking heads that alone d. N. C. The establishment clintonite obama right type people to accuse him of antisemitism. No because bernie is of course jewish and so you can accuse him and he not say anything that would really be close to end. In the course when youre talking about you know youre talking about one of the 8 criminals in the whole pencil of leaders whole. Question of prayer but i just hold the. Loses the election and the end of him because the persecution and the crimes that hes. Gay is coming back but 1st he said and i hope so that as a thank you after the break did Boris Johnson oversee the slashing of resources dedicated to tackling the greatest threat to planet earth Climate Change while serving as britains top diplomat we speak to the man who was his chief environmental advisor to david king all of them all coming up about 2 and going underground. In the United States president ial candidates debate the future of the u. S. And the world. Max kaiser and Stacy Herbert dig into the burning questions of this election cycle one topic every week well tax student debt trade was corporate money universal basic income and more catch up with whats front running this sunday exclusively on how to. You know world big partisan. And conspiracy its time to wake up to dig deeper to hit the stories that made stream media refuses to tell more than ever we need to be smart we need to stop slamming the door. And shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now for watching closely watching the hawks. Welcome back this week scotlands high school to rule Boris Johnson unlawfully shut down Britains Parliament on tuesday the u. K. Supreme court will scrutinize whether the new Prime Minister misled the queen will arguably johnson has previous when it comes to preventing scrutiny over nothing less than global catastrophe johnsons former advisor and u. K. Special representative for Climate Change so david king joins me now so david welcome to going underground so im going to say surely just selwyns i mean youve got a sense of a climate repaired in cambridge operating time just celebrate britain is the 1st country in the world to declare a Climate Emergency. Does britain have reason to be proud about it self well i think britain has been playing a leadership role in action on Climate Change since the 2000 and. I believe its fair to say without britains actions the Paris Agreement in 2015 wouldnt have happened just to back that up. I was chief scientific adviser with blair from 2000 for 8 years and subsequently i was brought back into government by cameron during the Coalition Government period i was given 165 climate it has been embassies around the world know the country had full time to test these a climate always in different diplomatic outposts is going to spread the best literally around the world but we could move them around so i signed 3 agreements with china for example and we move 22 climate attaches into embassy in china and the like are they talk to good china is in the middle of expanding one of the biggest Environmental Programs in World History they dont look about you as being 20 blair favors for the iraq war all the rest of it not as a loon for not environmentally as my reputation in china in many african countries in india i would say is very very high people listening to Scientists Say blair and Cameron Cameron of course famously you posed with the huskies to the lecture the body they would you pay tribute to both of those leave the size of it with the environment and then comes may and this is what youre referring to the Prime Minister may says britain will not only reduce its emissions by 80 percent by 2050 but we will head for a net 0 emissions by mid century 1st country in the world state that and then we have this statement we have a Climate Emergency absolutely right. I would say we need to be very very worried about the future of humanity if we dont get a grip on the state of Climate Change as it is today and of course you mention those on voices and you are on the record for saying the Boris Johnson who didnt know when he was foreign secretary about the fact that most of the more than 5 that we lost not try it we lost 100 of the planet hashis during Boris Johnsons period as foreign secretary although it was the head of the Diplomatic Service who did this when i saw him he said he didnt even know this had happened the reason im saying they went 5 they were redeployed which is the Biggest Department in the British Government today. Suddenly youve got a department soaking up people from other ministries who from Climate Change will when discussing important things with their counterparts in the embassies around the world going into that if it is what happened to be done will saying they went aps repairing for that yes no deal. Thats not to say that Boris Johnson did you knew that he knew that this was happening and to stand i mean he is on the record and said he said good god i didnt know that when you told him that theyd be redeployed well i think i think the real question is and i have another interaction with the Prime Minister in his role as mayor a few weeks into his period as mayor he called me and asked me to Carry Commission into the future of the Thames Estuary airport hes in there on the record as saying he wants. Me to. And i said. I know what you think you know i had proposed the development of 2 asymmetric islands in the Thames Estuary so that if there was a tsunami coming up the tim these 2 items would destroy the tsunami and instead of london so the Thames Estuary would be where the tsunami would come in that would build up force up the Thames Estuary and destroy it. Now this was a proposal then several people looked at the map and my goodness we could put at least 6 runways almost 2 either and forest picked it up and said we need a new have port for that and i said but if its a nominee does hit this we lose our ip. The net result of all of this was i said i would be prepared to chair that commission but i was prepared to Cherry Commission to look into the future development of the Thames Estuary but he announced to the press to us you were going to. So i stepped put his arm around me and said david is agreed to chair this commission and off the words can i have a word with you and he said sure and i said do you remember what he said not chairing the commission into the future and he just. Put his head down and said oh silly me silly me sorry but never mind the press will have deemed to have got it wrong i mean he didnt know that he was in effect lying about your now that was not a cycle that. You have to be if youre an expert of Climate Change. When it comes to policy or on an International Scale you mention actually the tsunami have to us we havent had quakes in the past couple of weeks in northern england. We have grades of the like that produced tsunamis what was it like working for Boris Johnson given that obesity his government was in favor of fracking indeed the liberal Democrat Current deputy leader ed. Davey was the Climate Change minister said fracking does not endanger the climate targets of this country and. George osborne it is in the Evening Standard here in london says that he said that we should have. Shale gas extraction on afraid that fracking is a very real risk to our future in terms of Climate Change we should not be fracking. The leakage of methane from the United States is causing more Climate Change then before me thing is about 100 times more serious as. A gas for Climate Change them. Youve told successive governments this so when he is. Head of the liberal democrats to fracking money why do you think that this current government. The tourism a one said what youre saying is that all worthy of attention here is that heres part of the problem we have a camera in government led by cameron saying action on Climate Change and im supporting it and then his minister in debt for was cutting out all the legislation that was preventing us from overstepping them all and this action was running against all the actions on managing Climate Change so it wasnt a coherent approach different ministers were acting in different ways and i just ask you though about the old voice would it be true to say that you stopped the redeployment of. Boys because i said that policy was all going to to reduce the number of Climate Change over was when i left i was given a promise that no more would be lost do you get the promise because of a nondisclosure agreement or it was quite as it was it wasnt quite that but its fair to say that the foreign secretary please not to go into the Public Domain talking about the law and he. A few years later. And very very worried about coherency in government actions on time of change you can get a Prime Minister saying one thing in a minister of government behaving in the opposite direction we tell me about this and in cambridge do you start it because. I mean the time limits before getting into shorts or what is the function of your center in cambridge basically the whole point of the climate negotiations has been to reduce emissions of Greenhouse Gases to a net 0 that is the whole point but at the moment were at 412. 00 parts per 1000000 of Carbon Dioxide in the atmosphere the preindustrial level was 270. 00 you have to go back 3000000 years to get to 420000000 and sea levels 10 meters high so that that is the long term threat of where we are today so even if we hit 0 tomorrow we have another job to do but the 2nd thing is what is happening in the arctic region and really what is happening in the arctic region is what is causing all of this big series of disasters happening around the world if we look at the arctic region ogg thick ice was expected to melt slowly and by 2100 if we didnt do something about Climate Change it would finally expose the arctic sea to day ha for the optics he is exposed already so what what you have is the Arctic Circle is now heating up at 2. 00 to 3. 00 times the rate of the rest of the planet no one is that a problem but 1st of all greenland is right there next to the arctic sea when all of the greenland only smell of sea levels globally will rise by 7 meters 7 meters means. Indefensible even a couple of meat. Is in defense. With before the ice core data came out that showed us that it was real Climate Change is real. Did you see the fact that it was manmade Climate Change is nothing compared to the life of the planet you see direct correlations here that presumably the man in the white house he wanted to buy greenland the other day doesnt based on your experience as chief scientific adviser this has absolutely no doubt in my body that the warming up of the planet which is very real the rising sea levels which are very real all of these effects due to 2 things one is removing forests in order to plant. Agricultural activity the 2nd thing is discovery of fossil fuel burning them to create the Industrial Revolution that is whats called Climate Change if were going to move on and we have to treat. The whole fossil fuel era as a posteriori and move into the clean energy era and i believe we can easily do that and we can grow our economies as we do that but secondly we have to remove the excess stuff weve put in the air already. I believe theres a action which is and we have to rephrase the poll because we wont get it cool enough fast enough by simply reducing Greenhouse Gases in the atmosphere which is very very big you know they get lots of fossil fuel companies off the hook the big fossil fuel companies it will be the politicians that will be the people that you used to advise when you were advising government my fear has always been that as soon as you Start Talking about taking Greenhouse Gases out of the atmosphere the. Fossil fuel industry would see this is a fig leaf they would just carry on business and say they can pollute the climate repair center in cambridge has 3 objectives the 1st we must reduce emissions to a net 0 the 2nd we have to remove Greenhouse Gases at Something Like 2. 00 to 3. 00 parts per 1000000 a year we couldnt do it faster than that which means itll take 40 years to get us back down to about 3 150. 00 parts per 1000000 and the rephrase the poll and rephrasing the polls. Is a challenge of the order of landing a man on the moon but it needs resolve and it needs finance to back it up thats it will be your favorite shows of the last season we will be back with a brand new cd a good number ground on just be a fun job if you do call positional political media and do it again its going to be going on the grounds your child will have a good you. But if she warned you didnt i do the dishes at the bottom or those jeans near the speech and she me we you. Know when you die. In the news i mean that is without infringing ball. A lot of people see flowing in as if parts of the 2 kids each other both. As if. These. People got cabinet 5 days doing. An english lady who simply knew. Heres a thought experiment and a bit of a prediction for 2020 going back to saudi aramco around town as it went public just recently at a market valuation an excess of 1. 00 trillion dollars i think a 1. 00 trillion dollars i think that were going to see them make a hostile buy of a Company Maybe facebook for example and it could be the 1st trillion dollar hostile raid in history because theyve got the Balance Sheet now if youve got a 2 trillion dollars. Balance sheet that means youve got you know the ability to borrow another trillion so youve got a 3 trillion dollar war chest if you go after an apple or even a Berkshire Hathaway 5 or 600000000000 dollars why wouldnt saudi aramco buy Berkshire Hathaway just as a hostile right and then they own a huge portion of the whole Global Market the American Market why not theyve got the Balance Sheet now they want to diversify away from oil and gas and i think were going to see a loop like that the next 6 to 9 months. Time after time corporations repeat the same mantra sustainability its very important to excel or a transition to sustainable prize board sustainability stay number man a more equitable and sustainable world. They claim their production is completely hamas. Its a compass. Companies want us to feel good about buying their products while the damage is being done far away and this is Something Else this must be done to anyones i mean look. This is the move in unison we didnt do any minute and im stunned seemed to be based on that understood look to submit. To 6 physics is nothing but the harmony you can create on vibrating strings but its chemistry chemistry is the melody its the melanies you can play on strings what is the universe the universe is is a symphony of strings. And were going to fulfill the repeated purpose is a possible to the people and come out of the you know with all pots. To. Be really really low. Now you want to. Know. 5 pm here in moscow right now about 530 in the afternoon and into iran that where millions have been filling the streets for the funeral procession of the country slain general sell of money. In a furious response to washington killing the commander iraqi m. P. s folk to boot south american troops only for donald trump to threaten iraq with sanctions never seen before. On the other side of the world the strategy is ferocious wildfire as now known to have claimed 25 lives many thousands of others have been moved to safety as im guessing the Prime Minister over his handling of the crisis and for dismissing Climate Change