WHO is the Fed Bailing Out? November 2019 Repo Market Update


Hey everybody. Jeff
Nabers here. Welcome back. We’re talking about the
fed repo bailouts. Why? Because they’re still going on and October
the news was the fed bailouts and the repo markets will continue until at
least November 4th it’s November 12th and I’m recording this and they’re
still doing them coming up. We have a serious problem. If you didn’t open your windows and
look out in the real world on paper, we’re in an economic depression, but because of all of this
financial engineering, we’re sitting here looking at a
scoreboard and add the control of that scoreboard is the federal reserve and
they’re manipulating the scores through interest rates to juice the stock
market up and to juice other measures of financial strength up when behind
the scenes there’s a lot of financial weakness. What the repo market bail outs represent
is that after a long string of the VAD winning battle after battle
in manipulating interest
rates to keep the economy propped up, we may be reaching
a point where they lose the war, so why are they doing the bailouts?
That was the topic of our last video. In this video we’re going to talk
about who is getting the bailout money. Comments were recently made by our fed
overlord Jerome. Okay, can’t say that. Okay. Let’s look at some recent comments
made by fed chairman Jerome Powell, where he spoke about banks
not as borrowers in the
repo market but as refusing to lend. So let’s just take this at face value
and not assume that it’s misdirection. This brings us to the question, who’s
borrowing the money in the repo markets? If it’s not, the banks found an interesting article
from wall street.com link in the description below. In this article it
brings an example of AGNC investment Corp, which is not a bank. It’s actually
a real estate investment trust. So here’s what AGNC has essentially done. They have raised equity
money from investors in the
amount of about $10 billion, but have been borrowed about
$100 billion from largely, you guessed it, the repo markets. So they’re borrowing from the repo markets
that under 3% interest and investing in mortgage back securities
at a higher level of interest. This is what’s known as a free money game. Borrow at one interest rate, invest at a higher interest rate and
the spread or the difference is your profit. So far so good,
right? What’s the problem? The problem lies in the
difference in timeframes. The investments they’re making
are longterm and they’re
making those investments with money that they borrowed short term. The majority of the money they have
borrowed is coming from the repo market, some of which is due back the next day, some of which is due back 14 days later, which forces them to have to roll
over the debt or renew the debt. So they’re constantly
reborrowing from the repo market. And this means that for their
scheme to continue to work, the repo market needs to continue to
offer cheap money at interest rates lower than what the market wants. Their is a bet that the federal reserve
will continue to successfully keep interest rates lower than what
a free market would provide, which becomes a bit troubling. When we saw the interest rates
spike to over 10% in September. Now it’d be clear, I’m not saying that specifically AGNC
needed a bail out or that AGNC is problematic or the
agency did get a bailout. What I am saying is that there are many
companies like AGNC who game the system and borrow cheap money and invest for
a higher interest rate and make that spread. They’re playing
that free money game, but it only works when the
interest rates stay low. So in a way we are nearing or at some
sort of major economic crossroads or tipping point. Interest rates serve
an important function in economies. Interest rates are between
borrowers and lenders, but over recent years the fed has stepped
in as an unrelated third party and push interest rates lower than
borrowers and lenders would agree to independently. As this has continued to occur, the structure of our financial system
has more and more begun to resemble that of the Soviet union and its central
planning and less and less resembling the United States financial system that led
to all the growth and prosperity of the 18 hundreds and 19
hundreds. So let’s recap. The repo markets to some extent are being
used as a source of artificially cheap capital to just make
free money out there, uh, with financial engineering in a way that’s
completely disconnected from the real economy as covered in previous
videos. In the real economy, real unemployment is extremely high. Consumer debt levels are higher
than they were in 2008 government. That levels are higher than everybody
thinks they are and higher than they were in 2008 and almost all
measures of the real economy. We have a serious problem on paper. If you didn’t open your windows and
look out in the real world on paper, we’re in an economic depression, but because of all of this
financial engineering, we’re sitting here looking at a
scoreboard and add the control of that scoreboard is the federal reserve and
they’re manipulating the scores through interest rates to juice the stock
market up and to juice other measures of financial strength up when behind
the scenes there’s a lot of financial weakness. What the repo market bailouts represent
is that after a long string of the fed winning battle after battle
in manipulating interest
rates to keep the economy propped up, we may be reaching a point where they
lose the war and when interest rates go higher, all of the funds and institutions and
banks and investors and various economic players who have been using strategies
that depend on cheap money will have some serious problems. Now, the fact that the bailouts are continuing
to happen in the repo market could mean that they’re working. It could also mean that they’re not
working and if they’re not working, we may see them switch from bail
outs to bail ins as a strategy. It’s an emergency measure that may
become necessary in the eyes of Congress. If these cracks in our
system continue to spread. I’ve been promising you a video
on bail ins and it is coming next, so make sure that you are subscribed.
If you’re not already subscribed, if you like staying plugged
in to financial news, that empowers you to take control of
your finances and bail out yourself. Then made sure that you click the
like button and a comment below. Let me know what you thought of
the video. That’s it for this one. I’ll see in the next one where we
talked about bail ENS. As always, check the links in the
description for further resources. Thanks for watching and I’ll
see you in the next video. [inaudible].

4. How To Identify Stock Market Direction (Trends) Part 1


Hi I’m Prateek Singh from MarketScientist
TV and welcome to another episode
Today we are going to learn about market direction, now it’s very interesting because everyone
keeps coming with this question “will the markets rise?” or “will the markets fall?”
well, using just a few technical tools and I’m not talking about indicators, just pure
price action we can actually determine market direction, now market direction is actually
referred to in the technical world as “trends” So a stock moving upwards, is in an uptrend
And a stock moving downwards is in a downtrend sometimes stocks reach in a no trade zone
or a sideways and this happens because as soon as markets go up it forces a situation
of supply and when markets fall down it forces a situation of demand coming in.
This was seen in the earlier half of December 2012 on the nifty hourly charts.
Lets move on, when we use concepts of supply and demand over long periods of time you must
realise that psychology exists on all timeframes, Except of course in tick-charts; wherever
you have good volume, markets will always behave in the same way if your concept is
technically sound. So let’s see how you can become your own amateur
financial analyst, determining whether your stock that you are stuck in or making a profit,
might continue to move up or might continue to move down.
Si the first thing we are going to learn is about a rally and a decline
A rally and decline are seen on a per bar basis, meaning we look at one bar and then
the next. Simply put a rally is an upmove
A Decline is simply a down move They together form something more important,
which we will discuss later lets look at a rally first,
So this is one bar this isn’t enough information, the next bar breaks the previous bars high
and this continues to happen Now you will notice that every bar is breaking
the previous bars high and its also having a higher low.
This means the market is in rally mode. Also remember in a real market situation this
may not happen consecutively but a general move up is still considered a rally.
A decline is just the opposite, and I’m sure intuitively u have understood what I’m about
to draw here. So the market falling down each consecutive bar breaking the previous bars
low and making a lower low every bar So that’s very simple, here is another rally,
which makes a new high and here is another decline. so now that we have that, you can see that
we have formed a wave structure, markets will always move in waves, markets will never plunge
down or move up unless it’s an erratic day or days. Over general long periods of time,
markets will always move in waves and this is very healthy.
So now that we have understood a rally and decline let’s move on to swing highs and a
swing low. Simply put the meeting point of a rally an
upmove and the immediate decline; this tent, mountain or this peak is called a swing high.
the opposite of this is a swing low, meaning the meeting point of a decline and the immediate
rally is a swing low. Now trends are made up of swing highs and
lows, people call these by different names but all technicals follow this because a swing
high is a naturally place of resistance, it basically means that the markets rallied hit
a supply point, either buying diminished of too much selling happened and we fell, now
the longer time frame between a swing high is untouched the more important it becomes.
At MarketScientist we follow trend following methods/systems, so awhat we discuss in this
video and the next is extremely important, if you don’t understand please rewind or you
can ask questions by emailing us or writing it in the comments below.
Here is a real example of a chart, this chart belongs to nifty and it is basically in downtrend,
but what we have to look now is the swing highs and swing lows.
I want you to take am moment and try to find the latest swing highs u can see here
I’m helping you a bit and marking all of the swing highs on this chart. I’ve marked them
with green circles. Next step is to indentify swing lows, now
before we proceed I want you to pause and take your time and look at the swing highs
and know that you have understood this. We are basically looking for peaks (swing highs)
and crests (swing lows). I’m marking the first the swing lows for you
and I want you to mark the resting your head or write it down somewhere. Pause this video
and find out all the swing lows, we will meet in the next video with the answers…. I’ll
be waiting for you then.

S. Korea adds 419,000 new jobs y/y in Oct., employment rate hits highest level in 30 years


South Korea added four hundred nineteen
thousand new jobs on-year in October adding more than three hundred thousand
new jobs for the third month in a row city six Korea says it was an increase
in the number of Health and Social Welfare services jobs but manufacturing
wholesale and retail jobs they continue to go down the employment rate in
October for those between 15 and 64 years old hit sixty seven point three
percent that’s the highest level since October 1989 the overall in unemployment
rate fell half a percentage point to three percent

Activists Plan Oct 6th Occupation in DC


PAUL JAY: Welcome to The Real News Network.
I’m Paul Jay in Washington. Unemployment is high and is getting higher. The wars in Afghanistan
and Iraq and Libya continue. And people have been asking, where is the American Tahrir
Square? We saw hints of it in Wisconsin, but there’s yet to be something at the national
level that challenges current public policy. Now, there are many attempts in the works,
but one of them is planning an event–or more than event, they’re planning to occupy a square
called Freedom Square in Washington, DC, in October. And now joining us to discuss this
is one of the organizers, David Swanson. David is with–I guess you’re–today you’re October
11th dot org, but you’re also with–tell us your other various websites. DAVID SWANSON: Yeah, october2011.org, and
I work for rootsaction.org, and I blog at warisacrime.org and many others. JAY: So, David, tell us what’s planned for
October. SWANSON: Well, we’re planning to model our
behavior on the actions that happened earlier this year in Tahrir Square, Cairo, Egypt,
in Tunisia, and the actions you see in Spain and Greece and countries around the world
when governments get even a fraction as bad as ours has gotten. And so we’re going to
go to Freedom Plaza in Washington, DC–whose name is quite similar to Tahrir Square, translated–and
we’re going to occupy it, beginning October 6. And we’re going to remain and we’re going
to nonviolently interfere and shut down the offices of our government until we begin to
get some movement. You know, the actions in Egypt are very much an ongoing struggle, and
they’re very much trying to get back that momentum they had in Tahrir Square. But they
have some momentum, and that came from that activity. So we’re going to be there until
we begin to take back control of our government. JAY: What are some of the specific demands? SWANSON: Well, if you go to october2011.org,
you’ll see a list of demands at the top, at least of general themes. And there will be
more specific demands made, including getting out of Afghanistan. We’re, of course, timing
this for the end of the first decade of the war in Afghanistan, as well as for the beginning
of next year’s austerity budgets coming out of Washington. But the general themes are
the same that everybody comes up with, that the majority opinion in this country is demanding,
and that our government won’t answer to, the same demands that other more partisan and
less principled movements are making, and that is to tax the rich, to end the wars and
cut the military, to protect Social Security and give us Medicare for all, to protect workers
rights to organize and to strike and to strike in solidarity, to protect our environment,
to build our environment, to create infrastructure and green energy. It’s the same agenda that
everybody has. What’s different is the tactics we mean to employ. JAY: So what exactly do you mean by stop the
business of government? SWANSON: Well, I mean shutting down buildings
and offices and hallways and streets nonviolently–strictly nonviolently. We will have–we have a nonviolence
pledge. People are going to October 2011 and pledging to be there and to be nonviolent.
We have training sessions. But we intend not just to rally or speechify or protest or engage
in theatrical operations or to misdirect all of the anger and the frustration at one political
party or the other, but to actually take the demands of the people as a whole to the government
as a whole and stop business as usual. JAY: So you’re talking about what? Sit-ins
in offices, obstructing traffic on streets, things like this? SWANSON: All of the above, yes, absolutely.
Obviously, we’re not going to go into details here, publicly, beforehand. But beginning
October 6 and continuing until we’re satisfied that things are moving in the right direction,
there will be operations being shut down by the imposition of people’s bodies in Washington,
DC. JAY: Now, you’re going to have kind of a permanent
base there. You’re setting up tents. If people want to come find you, where are you going
to be? SWANSON: Yes, Freedom Plaza. It’s right along
Pennsylvania Avenue. It’s conveniently between the Congress and the White House. You can
go to october2011.org. You’ll find a link to a map. If you don’t know where it is, you
sign up and get information on rides and how to get there and who can help you and where
you can stay and so forth. But we will be, above all, maintaining a large occupation
in that plaza night and day. JAY: Now, you previously–I assume you still
are–were involved with Progressive Democrats of America. And you–this–which is about
trying to change the policy of the Democratic Party. The policies that you’re going in October
to try to change are policies of a government that’s controlled by the Democratic Party.
So how does this campaign relate to–what’s the relationship to the Democratic Party? SWANSON: Well, my loyalty–I can’t speak for
everyone else, but my loyalty is to the set of demands that we went through–taxing the
rich, ending the wars, cutting the military, protecting our social safety net, creating
prosperity in this country. And my loyalty is not to a political party. And that ought
to be the case for everyone across the political spectrum. Sadly, it’s not. And so you have
people like Al Gore and Keith Olbermann demanding a Tahrir Square but not building the one that’s
actually being planned. You have organizations demanding that there be protests, that there
be resistance, and putting forth agendas that are almost identical to October 2011, and
yet directing all of their protest energy exclusively at Republicans. You have progressive
groups now thrilled to be talking about Republican presidential candidates rather than about
what our government now is doing. And so there’s not any conflict for those of us who want
to impose the will of the public and this progressive agenda on our government. We’re
the people. They’re the government. I don’t care what party they’re from. You saw this
disastrous budget deal they put through, and now President Obama’s talking about more cuts
beyond that to make it even worse. This is not something that we should be standing for
for a minute, regardless of party. JAY: Well, it seems like the election campaign’s
already begun if you look at the last week of media coverage. What stance will you take
towards the election campaign? I mean, there will be at some–you know, as this gets a
little closer to the actual action and you guys in theory are still going to be camping
out over those months, what will be your attitude towards Obama and the election? SWANSON: He’s the president. We are the sovereigns
of this nation. We are the people in whose name the constitution is drafted. And he is
not representing us in the least, not on any of these points, and neither is the Congress.
It may be representing him, but it’s not representing us. And so if he wants to get reelected, he
is going to have to change. And this is not going to become a PR stunt as part of an election
campaign, as far too many protests and marches and rallies are. This is actually going to
be an occupation to resist the ongoing behavior of our government, regardless of the fact
that, yes, in another year and a half there will be another election. We can’t shut down
business as–we can’t shut down governance in between elections because, lo and behold,
there’s another election coming in a year and a half. You know, this is one of the defects
in our political system. We’re going to say, wait a minute, there is a lot of damage going
to be done in the next year and a half if we do not resist it. JAY: And what’s your attitude for some kind
of alliance? And is there discussions that have ever gone on or are going on with Ron
Paul type libertarians? And it’s an interesting thing that on foreign policy, military issues,
I would guess many of the people involved in this campaign probably agree with much
of what Ron Paul says. When it comes to domestic issues and austerity questions, you probably
don’t agree on anything. But is there anything developing in that way? SWANSON: It’s–you know, it’s a tough call.
If Ron Paul were president, we would have to fight tooth and nail for the social good,
but we wouldn’t have to resist the Empire. Now we have to do both, right? So arguably
it’s worse. And so I love to work with libertarians around issues where we agree, which is principally
wars and the military and the Empire. I just was on antiwar.com radio, which is a wonderful
place. And yet on most of the agenda that this occupation is putting forward we disagree.
And so it comes down to individual choice. If you believe it’s more important to join
with this mass movement opposing these wars, opposing this empire, even if you disagree
with us on lots of other points, then please, by all means, be there. But this is not an
agenda that’s been designed to build those bridges. This is an agenda pulling from vast
majority opinion in this country, which is, of course, not libertarian; it’s just diverted
into partisanship so that it’s demobilized. This is a majority–. JAY: Why do you think that vast majority opinion
doesn’t reflect itself in who gets elected? I mean, we know about the role of money and
advertising. But is there still not still a weakness in terms of how people that agree
with you communicate with the mass population? Because on a lot of these issues, people,
majority opinion, it’s not so clear when they come to vote. SWANSON: Well, the biggest weakness, I’ve
said many times, is our communication system. And I’ll say it again: support therealnews.com JAY: Hey, I’m happy to get it, but I wasn’t
fishing here. SWANSON: I know you’re not asking me to say
this, but I’m saying it. This is the weakest link is the lack of a decent communication
system and of outlets like this one. Beyond that, there are–you know, the money is a
huge factor, the lack of ballot access, the gerrymandering, the unverifiable voting machines.
I mean, we need an endless list of reforms that I’ve written about in my book, Daybreak.
We need all of those reforms if elections are going to reflect public opinion. But public
opinion nonetheless is free to represent itself between elections, and it’s people’s loyalty
being given to political parties that waters that down more than anything else, I think
more than the influence of the corporate media. JAY: When I look at the list of demands for
the October event, there doesn’t seem to be a real highlight about gathering and dealing
with the unemployed. It’s kind of–like, I’m looking here. It’s kind of mentioned with
workers rights, create jobs. But, you know, speaking to and trying to rally people who
are out of jobs–and, you know, we saw, you know, these pictures of people lining up for
free dental work ’cause they’ve lost their medical plans. And why not more of a focus
on that? SWANSON: Well, everyone always wants more
of a focus on something. And, you know, people who run websites understand this, that they
end up bolding and highlighting one thing and then asked to do it the same for everything
else. So we tried to lay out the basic, general agenda of broad points there at the top of
the website. We’re in favor of full employment. At Roots Action, we’re pushing John Conyers’
bill for full employment, which is actually the law, that Congress and the president are
required to create jobs, and are not doing it, and nobody’s talking about it. You know,
we are supporting workers’ rights and the right to organize. And so, you know, this
is the agenda is let’s end the wars where all the money is going and let’s put the money
into useful things that create jobs. And this is the thrust of it. JAY: Thanks very much or joining us, David. SWANSON: Thank you, Paul. JAY: And thank you for joining us on The Real
News Network.

China’s “Red Market” Destruction of Religion | Bitter Winter Part 2


The Communist Party has a plan to destroy
religion And it begins with the “Red Market” Can religion in China survive? Welcome back to China Uncensored. I’m Chris Chappell The Chinese Communist Party has a clever plan to destroy religion in China. It doesn’t just attack religion from the
outside. It also tries to subvert it from within. Shelley Zhang is back with part two of her interview with Marco Respinti, the Director-in-Charge of Bitter Winter— who’s exposing this issue. Mr. Respinti, thank you for joining us in this park in Milan. Thank you. I do have to say that a lot of the things that you report on in Bitter Winter I really haven’t seen reported anywhere else. For example, last year the Chinese government passed this new regulations on religious affairs.Could
you talk a little bit about that and the impact that it’s had? Yeah. The regulation was published officially in February 1st, 2018, but it was in the air for some before. That was a really turning point in the attitude
of the CCP towered religion because it’s a very strict
law that almost forbids every kind of religion
public manifestation. The CCP has been convinced since years, and when I say years I mead decades, that from the Mao Zedong times on, that religion is an unnatural thing and that naturally it will go extinct someday. Also, they show that that didn’t happen so
fast so they managed to help the extinction of religion. Why they still think that religion will die
out naturally. Sometimes they help this process and the new regulation on religion affair have been designed just for that. To help in a very effective way the extinction
of religion. Today, the religious markets of landscapes can be divided into three main area. According to some Chinese sociologist who studied religion in China, they can be divided into the gray market, black market, red market. The red market is the attempt by the CCP to
tame and domesticate religion. Trying to infiltrate and control them and so this is why they’ve created five patriotic circle, patriotic association back in the 50s to control Protestant, Catholics, Taoists, Buddhist and Muslim. This is the red market, the official religion. Then we have the gray market, which is kind of mixed area in which religion is not permitted, but it is tolerated at some extent because the religious group populating this
gray area also huge are connected to some … What would these groups be? For example the Catholic church for many time or the Protestant and non patriarchal church called the house church. It’s a huge network of protestants churches. Very difficult to control and to infiltrate. Even if they are considered enemy of the state like every kind of religious group, they are tolerated because they cannot be
repressed directly. They are expecting them to die out. Helping them, but tolerating them to some
extent. Then we have the black market where the groups belonging to these area called
xie jiao, meaning unorthodox, heterodox. Heterodox. Heterodox. Teaching, it’s an old expression used by the Chinese power back in the old
days which has been resurrected by the CCP to mean,
cults. This is a level for which they condemn these groups like criminals for just belonging to one of these groups is one of the most awful crime that you can
do in China. These people belonging to the black market are persecuted directly. The other groups are infiltrated, controlled, but this is not because the CCP is good toward
them, but because it doesn’t have enough power yet to repress directly all of them. He tries to infiltrate and to control them
in an indirect way. The black market would be which groups? Falun Gong for example who has been exterminated literally in huge numbers. The Church of the Almighty God which is noteworthy because it’s the youngest new religious group
in China and the one who is growing at a faster pace. It’s very huge and it’s persecuted. It has been called the new Falun Gong. Not because of theology. They have a completely different theology, but because of the persecution there, their
suffering. Groups like the Shouters where a new religious
movement coming out of the Protestant universe so of
speak. Many groups who are considered cults which
by the way, it’s an expression that scholars don’t use because it’s a way of labeling, giving names to your opponent and it’s not very scholarly to use that. The CCP is condemning directly these people and persecuting directly these people. To the gray market, middle of the road place, one thing which is worth it to say is that they try as I said to control, infiltrate them because they don’t have the
power to repress them directly or because they have a connection internationally. For example the Catholic church. One thing is to say the Catholic church is my enemy and the CCP is not using any more of that language. Another thing is trying to repress that. How can you repress a thing like the Vatican, the Catholic church which is all over the
world powerful at some extent. It’s not the matter sometimes of the size
of the group, but the connection they have. For example, the Falun Gong was persecuted
the first time, it didn’t have so much connection abroad so it was kind of an internal affair for China. Then the Church of the Almighty God is another persecuted group who had no connection before they escaped China or the connections
they have now is not so strong, huge and recognized publicly as the Catholic church or the Protestant church so it’s easier for the CCP to go and repress
them in the dark. Yes, and like you said, to use xie jiao which does not mean cult in Chinese, but to translate that as cult and use that label on these groups. Yeah. Where would Tibetan Buddhists and Uighur Muslims or Kazakh Muslims fall in this hierarchy? Yeah. This is a good question because officially
Islam could at some extent belong to the first area, the red market because there is the Islamic
Chinese Association which is the patriarchic triangle of controlling
them. If you must belong or comply to that association, you’re tolerated officially. If you don’t, you are persecuted, but what group do you belong? I would say the middle of the road because
they can not define, even if some try to define even Christianity
as cult, they can not define Islam as a cult. Islam will not belong to the black market. It would belong to the gray market theoretically. You understand that these divisions are very
important for scholars to try to figure the situation
out. On the ground, the boundaries between these
groups can easily be overlapped and become depending on some officially, they can be completely ignored. As a matter of fact, in Xinjiang, Islam is persecuted as such. Uighur’s or Muslim are persecuted because
they are know Han Chinese because they belong to a different
minority. Some people would think that this belongs
to some political, not religious reason, but this is not true because alongside the Uighurs in Xinjiang, all the Turkey people and Muslim people are
persecuted — Kazaks, Uzbeks, Tatars, these people—so they are persecuted because they are minorities and Muslim. Again, we have some Muslim who are not, who don’t belong to, who are not part of any ethnic group like the Hui Muslim. They are Han Chinese being Muslim and they were once the good Muslim, but this is the words of the CCP against the bad Muslim in Xinjiang. We know and we have reported so much about
the persecution and the CCP is waging against them today. They are not belonging to any ethnic minority so it’s a war against Islam because it’s a
war against religion. The same happens to the Tibetan Buddhists. Tibetan Buddhists, officially again Buddhism cannot be labeled
as a cult, but we know that it’s strictly forbidden especially in Tibet were there is also political
problem and we don’t deal with that as Bitter Winter, but we know that. Tibet Buddhism isn’t repressed as such. Practically, you could look at Tibetan Buddhism as belonging to the black market. Maybe the scholars would react to these because it’s not technically true, but practically all of them are segregated. All of them are denied in their rights, religious and human rights so this is the
situation. Are there a lot of religious believers in
China? Yes. I remember some studies dating back to some
10 years, maybe 15 years ago something called Guarding
the Party. Not meaning defaced, but meaning the CCP. Meaning that the reasoning, crazing religious attention at least also
within the party. We know for sure and some scholars have studied the unwanted effect of the Tiananmen Massacre exactly 30 years ago. This is in two levels. First of all the CCP at that time, 30 years ago was convinced that what was happening in Soviet Russia and in the East meaning the crumbling of the Soviet Empire
and communism, they thought that it was the effect of some
religious groups. They studied carefully what was happening
there in order to avoid that happening in China. The Tiananmen Massacre can be also, not only, but also explain in the way of repressing potential enemies in China what they did in Europe and that potential
enemies are religious groups. Scholars have studied that. They are not convinced that the CCP was right
saying that religious groups were effective in destroying
the Soviet Empire. I mean, they had a role, but the role was also something else in political economic
reason, but the CCP has been convinced since then at that time that that was the truth. This explains why religion became the first
enemy of the CCP because they see the potential in the religious
groups of destroying China just like they think that
religious groups destroyed Soviet Russia. What brought them to this understanding regarding China specifically is that also before, I mean 30 years ago before the Tiananmen Massacre, people got disillusioned by the ideology and they started turning to religion. We saw the growing of an important new religious
movement and also, main line religions having new believers and some of them, many of them, I will not say most, but many of them belonged also to the party. The growing after the Tiananmen Massacre, the growing of some new religious movement like the Falun Gong and others, but also main line Christianity and Buddhism
and Islam can be explained saying that in face of the
massacre, of that massacre, people got even more disillusioned by communism and these effect also some official within
the CCP. So what you’re saying is that the CCP’s fear of religious organizations or that they could somehow present an ideological challenge to the CCP goes back 30 years? Yes. From what you were saying about the religious
affairs, regulations, it could seem like the CCP’s repression of
religion is very new. Well, if we studied history, we see that religion has always been persecuted
as such. Of course, there are up and downs. This belong of course to different personality of the leaders of the CCP, but also depends on the strength that they
have. As I said, I think that Xi Jinping now either
has or think to have the strength to go back to the old days of direct persecution. I also see that Xi Jinping thinks of himself as a kind of new Mao Zedong and I explain
why. Even if there are differences, huge differences in terms of history, circumstances and ideology also, he made himself president for life. He inserted his own thinking within the constitution ust like Mao Zedong did. He thinks of himself as being the real leader
of the church, maybe the new God. I’m not making it up. We know when we published the attempt of some
CCP official to go into churches, mosques and even families tearing down religious pictures
of Jesus or of Buddhist signs, Islamic signs, substituting them with two portraits, Mao Zedong and Xi Jinping. Then going back to the families one week later to check out if they were praying actively to those two portraits. Even if it’s a secular atheistic ideology, communism and the CCP know how much important is religion for the people. They are trying to substitute themselves to
God because they fear God or they fear religious
people. Yes, there is an increase in direct persecution from last year on, but up and downs not withstanding, persecution has been around always in different
ways. Again, this depends on the strength. It depends on some of the context. China today is in the news. It has many ties, political and economically with many, many, many nations. I think that that is my opinion. I think that Xi Jinping and his officials think that people will not pay too much attention to human rights if they do something wrong because they have other interests, economic
and political. I think that it is the right moment for them to repress directly religion. Maybe 10 years ago, 20 years ago, they were
not. The CCP I mean were not in the position to
do that, but the cast of mind of thinking that religion is unnatural and that will naturally die out never abandoned the CCP. One thing that I noticed from Bitter Winter’s
reporting is, seems like a lot of the things that the Chinese
Communist Party is doing to repress religion affect all Chinese
people, not just religious believers. Things like having the turning churches or religious buildings into these … what are they called? The civil [crosstalk] leader or it was civilization practice centers. Yeah, civilization practice center to sinicize religion and groups. So to kind of replace that with kind of communist
party ideology where instead of going to church on Sunday, now everybody in the village has to come and
do something else, listen to operas, talk about the CCP or something or the district people who have to kin of
monitor everybody and know whether people in their neighborhood are practicing religions or other things about
this because it’s something is spreading to even people who are not active religious
believers. Yeah, I strongly think so and this is fact because I mean, attacking and destroying religious
group or religion as such don’t effect only religious
people. For good or for bad, if we like it or not,
believers or not, religion is part of the cultural landscape
of humankind that’s been around since forever. It will never die out even if the CCP thinks
differently. We in fact see spreading of a new spring for
religion. Many growths, many new growths, many different persuasion, many phase, many
creeds. It’s part of the world. To think that you can eliminate completely religion from human culture and human civilization, it’s a crazy thing to do. If you eliminate religion in many groups in
people, you will not have art, music, whatever. Even if you’re not a believer, if you’re not a church goer, if you don’t go to the mass, if you don’t practice religion, religion comes to you in terms of culture. Music, art, literature, whatever you want. You name it. It’s not possible to separate one or the other. If you attack religion, you will end up in attacking normal people, also non believers. This is one thing. The second thing is that in order to repress
a religion, the CCP is establishing a way of controlling
society in every little corner. There are facial recognition machines. There are people who want to go abroad and have a passport and that’s proof some
questions. If you enroll in university, they will ask you if you are a believer and if your parents. There is a control on the life of the people. I can imagine one non believer being annoying by seeing his son going to the university and being questioned if he’s a believer or
not. This is a violation of your rights and freedom. Thirdly, China is becoming very repressive or is already a very repressive society. Some people say that regarding Xinjiang for
example, yes, we know the tragedy of the camps. Some scholars who visited Xinjiang says okay, we have the camps, but Xinjiang as such has become an open air huge detention camp. Meaning that people are repressing their own fundamental freedoms, liberties. Yes, attacking religion is affecting also
non believers. This is bad for the whole society. What would you say that Bitter Winter has been reporting that’s not getting enough
attention in international media? Well unfortunately, many of the things that we publish don’t get enough attention. We Uighurs, we deal a lot with Uighurs, and they are in the news at some extent, because the US, the US congress passed laws,
bills, and there was much attention in the US on
Uighurs, also because the Uighurs are lobbying very
well, in the US. But there is much more than that, I mean there are many more countries in the
world, and there are many more problems in China that don’t get the same attention. Out of many, I just mentioned one, and the problem is refugees. The persecution in China gets many Chinese
to escape. They come to the West, they go to many countries. They have the problem of being accepted, as
full citizens. There is a lot of rhetoric these days on immigration. I don’t justify all that rhetoric, but I understand when people are saying that sometimes immigration can cause problems. But one thing is to send lawfully back some, unlawful immigrants because of economic reason. It’s a bad thing if he is poor, but we need to cope with that. A totally different thing is to get back on
the spot some Chinese exiles who has been persecuted for his religious or her religious faith and these people get arrested, detained, tortured, and even killed right away. So we have a responsibility toward those people. And if we don’t cope with that we will be, some extent, aiding the CCP in its crimes. Thank you so much for joining us today. Thank you. And that’s it for today’s China Uncensored. Make sure to check out part one of this interview which we published last week. Once again, I’m Chris Chappell. See you next time.

The future of work: is your job safe? | The Economist


– [Narrator] This is the
workforce of the future. Technology is transforming
the world of work beyond all recognition, creating
groundbreaking opportunities. – It’s an amazing thing to be
living in this digital age. – But it’s also eroding
the rights of workers. – It creates a kind of dog eat dog world. – [Narrator] Some even fear
a dystopian jobless future. – Technology today could lead to 45% of current jobs disappearing. – [Narrator] But are
these anxieties overblown? – The future is about the collaboration between humans and these technologies. – [Narrator] How we react
to this brave new world of work today will shape
societies for generations to come. For some people work
is where the Wi-Fi is. In the past two years, Samantha and Justin have lived and worked in
more than 20 countries. – We started this year in South America. We lived in Peru, in Santiago,
Chile, Bariloche, Argentina. – [Samantha] Croatia, Innsbruck, Austria,
– Austria. – [Samantha] Portugal, Italy, Norway. – [Justin] Which was really pretty. – [Samantha] And then we
were on Reunion Island for two months. – [Justin] Off of Madagascar. – Yes and when we were
there everyone was, like, “How in the world did
you find this place?” – “How did you find this place?” – [Narrator] Nut throughout their travels, Justin and Samantha have
each been holding down a job. He runs a digital creative agency and she works for a
California based startup. They’re a very modern
carnation of a very old idea. They’re digital nomads. – Thank you. – [Narrator] Today, people
working remotely around the globe like this number in the millions. – A lot of people that define
themselves as digital nomads move around very, very frequently. But we typically move around
at least once a month. – [Narrator] The couple
say the extraordinary recent advances in digital technology allow them to keep exploring the world without compromising their careers. – [Justin] We rent an
apartment, we set up an office, we’re not on vacation. We live pretty normal lives. And so it gives us the
opportunity to kind of integrate and become locals. And try on different flavors of life. – [Narrator] There are down
sides to this liberating grand tour of new cultures and horizons. Digital nomads sometimes
have to be more nomadic than they might like. – [Samantha[ Just out of Curiosity, I wonder what the Visa policy is. – [Narrator] Location independent workers as they’re also known often
travel on tourist Visas and are usually restricted to a maximum of a few months in each country. – So, Fiji, we need to
go to so that we can get out of New Zealand before
we violate their Visa policy. – [Narrator] But some countries
are going out of their way to attract this new
breed of global worker. Estonia is about to launch a special Visa, allowing them to stay for a year. With other countries set to follow suit, some predict there could be a billion location independent workers by 2035. For those with no ties, it
all points to an increasingly borderless brave new world of work centered around the digital revolution. – [Justin] And it sounds extravagant. But we don’t need much to be
able to work and be productive. If you’re smart about
it, I think that travel can be a long term sustainable lifestyle. And it’s not that crazy. – [Narrator] Of the more than
60 million Americans who work over 50 million are employees. They work for somebody else. – [Narrator] In the middle
of the 20th century, many workers in the rich world, expected a job for life in one place. But today frequent job
changes are not unusual and 70% of professionals around the globe do some work remotely. These seismic changes are
leading to continual reinventions of that most traditional
workplace, the office. In San Francisco,
entrepreneur Frank Boulier is starting his daily journey to work. – Have to move from my
room, go down the stairs to my office space. I would say it’s a dream commute, yeah. – [Narrator] Frank’s part
of an emerging trend, living and working with other
people in the same place. – When I move from one
space to the other space I switch from living to working. – [Narrator] The space, run
by a company called Roam includes meeting rooms, relaxation areas and even a cocktail bar. It caters to the more exclusive end of the global coworking market. – You get to meet amazing people from all across the world
and I find that exciting. The vibe is less office, more professional commune. And the residents are glad at the chance for some digital detox. – We’re all tethered to our cell phones and we’re all tethered to technology and I think that what’s unique about Roam is that it builds community and it builds a communal living style that allows us sort of to unplug at times. – [Narrator] This kind of
communal living might have niche appeal right now but
2.3 million people worldwide already share coworking
spaces and there are signs these make for more productive workers. The Harvard Business
Review found that nearly nine out of 10 coworkers felt happier than in their previous place of work. And over 80% felt more
engaged and motivated. – I’ve never been more productive even though I do less hours. Would I ever go back to
traditional corporate nine to five? No. – [Narrator] Technology is
also changing how people work and live in poorer countries. Kibera, Kenya, Africa’s largest slum. Work here is scarce. The average wage is less
than two dollars a day. Joseph Kamau grew up here. – This is my first computer. – [Narrator] Two years
ago he was scraping by as a street hawker selling food. But today, Joseph is making a new living as a paid up member of
the global gig economy, the labor market where
self employed workers are paid to do short term freelance tasks. – For me, a person living here in Kibera how would I have gotten a
job for a person in America? – [Narrator] He gets up to
10 part time jobs a week entering data for clients
based all around the world. – It’s an amazing thing to be
living in this digital age. – [Narrator] Joseph works in
arguably the fastest growing segment of the gig economy
known as The Human Cloud. Some of the jobs that used to be done by white collar workers
in wealthier countries are now broken down into individual tasks. These are advertised
online and carried out by remote workers
scattered across the globe. This Human Cloud industry
is worth an estimated $50 billion dollars a year. Now the Kenyan Government
is training one million young people for this
new digital workforce. And helping them is the
outsourcing firm Samasource. – Brands have included
Google, eBay and Microsoft. – [Narrators] Freelancers
here work on a range of digital services
including image tagging for artificial intelligence. – [Woman] We’re training
cars to drive themselves. – I know, right?
– Yeah, it’s funny. I don’t even have a car but we are working on projects on self
driving different cars. – [Narrator] Some fear that the
flow of digital service jobs from rich countries to poorer ones could push down wages globally. But for many people here
the new opportunities offer a way out of poverty. – I mean, someone sitting
in the U.S. might say a job like this is not
paying a living wage but for us it really
gives us an opportunity to be able to bring some
of these young people into the digital age
and the digital economy. – [Narrator] Since working
in The Human Cloud, Joseph has been able to move
his family out of the slum. – I’m gonna join university next semester. I’m gonna do computer
science, my dream course. And, yeah. – [Narrator] In wealthier countries, some workers see the gig economy as less of an opportunity
and more of a threat. Max Dewherst is a delivery cyclist for a British courier firm who campaigns for workers’ rights. – How many jobs am I gonna do today? Am I gonna do 18 jobs or 30 jobs? On days when it’s very slow we’re not gonna make enough money to live. – [Narrator] Many online
platforms, those intermediaries between customers and gig
workers don’t cap the number of freelances that clock on each day. This can flood the market,
ramping up competition and slashing earnings. – It creates a kind of dog eat dog world and a very competitive
world amongst the workforce. – [Narrator] Some
competition amongst workers is healthy for consumers. But Max has a more fundamental complaint, that basic employment
rights such as sick pay and job protection are denied
to most gig economy workers. – They don’t have any ability to set the price of their labor. They don’t have any ability
to negotiate with the client. They have zero protection. Of course people like flexibility but that shouldn’t come at the expense of everything that’s ever been fought for for the last 200 years. – [Man] Those people have money. They have millions in their accounts. – [Narrator] Max continues
that fight as Vice President of The Independent Workers
Union of Great Britain. – And I said, well, it’s
only impossible until we win. – [Narrator] The union is
mounting legal challenges against large companies
operating in the gig economy. – We’ve taken a number of
courier companies to Tribunal from CitySprint, eCourier,
Addison Lee and Excel and now we’re taking on delivery as well. – [Narrator] To critics
like Max the lack of rights offered to workers in the gig
economy by big contractors is rapacious capitalism that
will increase inequality. – There are loads and loads of people on these bogus contracts. We see it more and more
spreading into other sectors, cleaning, retail, banking. And that’s very worrying. – [Narrator] Amid heightened
concerns about job security some workers are facing new pressures to become more efficient and productive. But what lengths is it
acceptable for companies to go to to achieve this? In Boston, Massachusetts
workers at this firm are being closely watched. Their every conversation is analyzed. Their every move monitored. – This is our Humanyze sociometric badge. – [Narrator] Their employer,
Humanyze has designed surveillance technology to gather data about how they spend their time at work. – So, it knows if I’m
speaking or not speaking. It knows if I’m moving,
whether I’m walking around or just sitting at my desk during the day. It knows generally
where I am in the office and it also can tell my proximity to other people wearing badges. – [Narrator] Information
from employees’ emails and calendars is integrated with data collected by their badges. – We have a number of sensors in them, Bluetooth that’s able to
do location in the office. Microphones look at how much I talk. Motion sensor to look at
posture, overall activity levels. – [Narrator] The company
says it uses this data to improve the productivity
of it’s workers and their work environment. – I see interactions within
my team, how many of my teammates did I interact
with in a week or a month? The same gender or the other gender. And I can see my dominance
in conversations. The green is my speaking
time versus the blue which is when I’m listening. I use this data as a way to optimize my work experience. – [Narrator] Humanyze sells
its surveillance technology to companies around the globe. And with more than 10,000 people now wearing it’s badges worldwide, business is starting to boom. – Because now we have all this
quantitative data coming in, we’re able to understand
at an unprecedented level. – [Narrator] This kind of
surveillance technology is raising fears about workers’ welfare and rights to privacy. A British report found that 70% of workers believe workplace monitoring will become more common in the future. Over 60% believe it will fuel
distrust and discrimination. Humanyze says it anonymizes
and aggregates data and doesn’t record the
content of conversations. But other tech companies
are developing ever more intrusive ways to monitor workforces, including micro chipping
staff and photographing them at their desks using webcams. – I mean, there’s legitimate concerns around this kind of data when
it comes to, for example, could your boss look at what your doing minute by minute in the organization. Can they look at what
you’re writing in emails and things like that? At some point someone
will do the wrong thing with this kind of data. – [Narrator] But in the
minds of many people there’s an even greater threat to the workforce of the future. And it comes from a new breed of worker, one that is relentlessly efficient, works round the clock and never complains. Robots and artificial intelligence are increasingly part of many industries. Machines will soon take the
wheel from truck drivers. And companies are turning
to new types of robots for mass production of food. – New worries about robots taking jobs. – [Narrator] Automation is set to cause mass disruption to working lives. – [Reporter] As artificial intelligence and automation grow by leaps and bounds. – Could lead to 45% of
current jobs disappearing. – [Narrator] But how
justified is this wave of automation anxiety
sweeping across the world? Are hundreds of millions of workers really heading for a jobless future? In a warehouse in Southern
England, the dystopian vision of a fully automated future
appears to have arrived. This swarm of robots is packing
groceries for British firm Ocado, one of the world’s most technologically advanced online retailers. Here, collaboration is key. – These robots are being orchestrated by a sophisticated piece
of machine learning. It’s a bit like an air
traffic control system. They collaborate with one
another, so, if a robot wants to pick a bin that’s fourth down in a given stack of
bins, it just gets three of it’s friends or colleagues
to move the top three bins out of the way and then
it grabs the one it wants. – [Narrator] But the robots
here aren’t working together to replace humans,
they’re working with them. The robots take containers
of products to pick stations where people put the orders together. – I think the job is a lot
less taxing on us physically. The robots themselves are very efficient. So, they take a lot of the grunt work out. They’re our little helpers. – [Narrator] What’s more,
Ocado say these robots have actually created
more jobs at the company than existed before. – None of the 13,000
people that work for Ocado would have a job, myself included, if it wasn’t for what we do
with technology and automation. As we’ve found new ways
to automate processes, the number of people working for Ocado has only ever increased because of the ongoing
growth of the business. – [Narrator] A growing body of research suggests artificial
intelligence and machines could create at least as
many jobs as they displace. One report estimates that
while 75 million jobs will be lost globally by 2022, there could be 133 million new ones. – We are on a journey
to go on finding ways to add automation but
it’s about teaching people to be more adaptable
in terms of their jobs and their skill sets
because the future is about the collaboration between
humans and these technologies. – [Narrator] Disruption to
working lives is inevitable. And insecurities will persist. How bosses, workers and governments respond to these challenges will determine whether
this new working landscape lives up to it’s enormous promise.