we did see a lot of smiles today but that's partly because the first day of the summit is really a day for bilateral meetings for the leaders to kind of lay the ground for the big working session that's coming up on the second day president medvedev met with british prime minister david cameron there the dialogue very positive both saying they see eye to eye on many of the top priorities of the g. twenty and of course the top top priority is the economy and you can't talk that without china president medvedev did meet with president hu jintao and there they most likely spoke about the u.s. fiscal policy which the world is not very happy about right now the u.s. of course demanding and pushing very hard leon china to revalue its currency while at the same time pumping six hundred billion dollars into its own economy of course devaluing the dollar so an air of certainly called out on the you asked by china and other countries like germany to talk more about this joining me is don kirk who is a journalist and author he's also

a reporter for the christian science monitor thanks for being with us let's talk about these currency wars the u.s. demanding of china what it itself doesn't want to do what's that all about well the u.s. is not getting very far as you pointed out with china or with russia or with brazil or india or any of the other major powers the us has a terrific problem with its trillion dollar trade deficit how do you get around this problem the u.s. also has a trillion dollar budget deficit what are you going to do. the u.s. solution stop solution is to sell the treasury six hundred billion dollars worth of the treasury bonds which is a fancy way of printing more money and this goes on world markets and the dollar's appreciates more so the chinese position is well you're depreciating the dollar why should we really value the the the chinese currency which the u.s. keeps on insisting on so it's really a standoff nobody today is talking about a consensus they're not going to reach a consensus on currency here but they are going to talk about. you can have

a lot of fun playing with words like that but. after the wordplay is done and. there will be no deal you're really. going to have to leave it there thank you very much for your input again. the priority at this g. twenty summit whether they find a consensus or not is going to be those currency wars the high stakes battle for the. fences and defenses over the bop. reporting there are much more coverage to come of course throughout the day. and while most leaders meeting in korea don't agree with america's laces decision to print more money greg white the editor of the business insider website told me no one's willing to stand up to washington. well fortunately for the united states there's always a buyer out there for us dead and everyone uses the dollar and there is no alternative to that right now there has been some discussion about returning to the gold standard but that's extremely unlikely so right now the u.s.

is in a unique position it doesn't have to worry about cuts like europe but what it can do is continue to spend as it wishes until someone can come up with a real viable political solution to this problem and there's really only two tunes being played one by the united states and one by the rest of the g. twenty everyone's in opposition to what the united states is doing in terms of quantitative easing but the u.s. continues to do it anyway for simply there's no real strong argument against and there's no there's no binding agreement through these other countries to fight back and the world is paying the price through the asset bubbles that are being blown throughout the emerging markets you can see that in chinese inflation rates last night the amount of money that's being spent on producing new real estate in china is a sign of that capital flowing there and the world is going to pay when those asset bubbles come to burst so what we're going to get is very few headlines and just sort of this this positivity coming out of it that will in the end really fall away within probably two or three days. next the latest twist in the summer's big spy

scandal a russian newspaper says it's discovered the identity of the man who exposed eleven russian agents working in the united states the commerce son daily claims it was a former foreign intelligence service employee but so far has been official comment about that. can offer a pause. community newspaper claims to have held its own investigation and the see that coleman should've bought a call from an officer of the russian foreign intelligence service was a double agent and it was him responsible for blowing the cover on his colleagues in the united states last summer which resulted basically in the biggest spy scandal between moscow and washington since the cold war era the newspaper says that before this scandal erupted paula should walk off was offered a promotion by russian authorities which she rejected possibly because he had to take a lie detector test which could have revealed his activities as a double agent and also reportedly so months before the scandal should walk off

daughter and left russia to the united states. and also this could put to him that she might have known that something was about to happen in june american afterwards announced that they were arrested a group of people suspected of being secret russian agents who worked in the united states undercover for years in some cases for decades and they've all been arrested or found guilty by a u.s. court of being unregistered foreign agents and deported from the united states to russia in exchange for four people who are serving time here after having been found guilty of being foreign spies back then this summer everybody was talking about on a chop man and one of the people in that group deported from the united states a very successful young business woman everybody started calling her the russian james bond girl and she really got most of the media attention now became

a sun newspaper and is now also focusing on the one of the members of that group of deported from the united states this man has already been deemed a super agent and this is mikhail was soon kuo left of the soviet union back in the nineteen sixty's first to spain and then to latin america. he became a photographer and it became known under the name of one. traveled to the united states became acquainted with lots of politicians and other officials and this man reportedly denied being a russian agent up to the very end and it was actually. who presented to the secret materials proving there. was a russian agent and it was only very in that he actually said it is a real mean to the investigation so some really interesting details are now emerging despite the fact that the scandal itself erupted just several months ago. you can offer his correspondent across that story for you coming up in

a few minutes on the program fueling the military machine a decade of war and desertion is leaving the u.s. army straight state right now so recruiters are accused of exploiting war heroes memories to find more for the front line. also. russia braces into the formula one world with the country's first super car maker buying a stake in a formula one t.v. . first female bomb sent from yemen and intercepted in the u.k. in dubai last month spread panic around the world but now reports of surface suggesting they weren't bombs at all was simply a hoax by intelligence services to claim good p.r. from a foiled attack officials have said the packages were addressed to chicago synagogues investigative journalist wayne madsen gave me his take of what could be going on. well i think we have to look back at past instance for example the underwear bomber

flying to detroit from amsterdam who was allowed to basically board the plane no questions asked we had the times square fizzle bomber where something fizzled in times square and and the guy was sitting there waiting to take off at kennedy airport and when the federal agents came in he said i've been expecting you know what took you so long i mean here's another case now we're being told that this u.p.s. cargo flight was either going to blow up over new jersey new york maybe upstate new york maybe pennsylvania and maybe canada it seems like once again we've gotten one of these stories that may have been engineered prior to the election we're always sitting here in washington waiting for october surprises before major elections and this may have been another october surprise but i think the other incident interesting thing with this bomb that was supposedly found at east midlands airport prime minister david cameron was not informed for sixteen hours that this was such a major terrorist incident why did not he and the cobra team meet immediately to

discuss this why did they wait sixteen hours this thing started to sound like the infamous shampoo bombs from flights from britain to the united states which only resulted in a lot of airport security people obtaining a lot of very expensive liquor from the duty free shops when the passengers were not allowed to board the planes with it when this all kicked over the day i was on shift myself was that of those watching the other news channels. to get on to this story the old job very very quickly got a lot of coverage to it didn't they what do we know about these counter allegations these people saying that this didn't happen the decentest of the story if you like what is the prove what why did they know any more than anyone else. well i think people don't you know there's always a very quick reaction to jump on to all these terrorist related stories obviously. maybe that some governments and some intelligence agencies have cried

wolf one too many times so i think when we're seeing skepticism and cynicism about these reports i think it's because they've inundated the public with so many of these false flag stories people maybe start to be getting wise to him and maybe some people in the intelligence community are starting to leak the truth to blogs and things like that i think we've seen skepticism from the government of god or from yemen from the united arab emirates i think we're going to have to wait to see if there's any some real smoking gun evidence that comes out right now it's all very anecdotal and can conjecture all at this point of us going to have his way of talking to me that a bit of you know the program doctors treating russian journalist oleg kashin have brought him out of a coma that report was savagely beaten in moscow last week and his wife says he's still got a long way to go to make a full recovery dozens of passion supporters have been gathering in central moscow from where they should have

a report. protesters have been gathering throughout russia's capital demanding a couple of things first of all they want greater protections for journalists secondly they want to have a speedy and thorough investigation into the savage beating of reporter and blogger oleg caution now he was severely beaten just steps outside his apartment building early saturday morning and witnesses say that two men were standing outside currently waiting for him and one of the alleged was holding a bouquet of flowers was concealed a rod that was relator used to beat caution for more than a minute he suffered severe head injuries and broken bones including a leg and an upper and lower job he has now awakened from his medically induced coma we're told that he can answer yes and no questions that he knows his name that he remembers what happens to him i would doctors are saying that they don't think that he has any severe brain damage but it's too early to tell if there are any

they going to be the long term effects we're still early in the investigation but so far this case has been transferred to the country's top investigators they have a very good track record and they have experience with dealing with high profile cases so far forty people have been interviewed but so far a suspect list has not been released. online to my quick look at what we've got for you israel battles international pressure to tear down its controversial west bank board sings problems and finding ways to exploit the situation and cash in more minds about. plus we don't hear well from diamonds does the kitchen tenses my from they could be the soon to limited edition sports cost what i'm talking about find out what the super rich just rushing out on of moscow's million if it might be tacky but i'm sure you want to see the pictures our team go home. it's veterans day in the u.s. and the military is hoping to boost its numbers mike. public emotion for war heroes

army video games and parades are among the tools aimed at young people from poor neighborhoods of recruiters try to fill their quotas lauren list of met one iraq veteran who says he couldn't take war anymore and that others shouldn't have to. autumn in new york. believes red and yellow reminders that seasons change green becomes obsolete for people to meet sergeant sure row first name mathis u.s. army all formerly and now there are vets who are anti military i am one of them there are vets who are anti american specifically because of what they experienced and i am one of them he keeps moving forward as a college student and activist trying to create change because he can't turn back time. i listed i was eighteen years old i was homeless living in a tent i was in fact selling psychedelic mushrooms to make money to survive and was

subsequently given the given the choice to be there in the store or face prosecution it wasn't a choice in his eyes but for mathis this decision was i resisted those orders when he was deployed to serve in iraq when i came to that conclusion that personal conclusion that we were actually not just we hadn't just made a mistake but we were and continue to be in violation of the law to wage the war in iraq that i said it is imperative that i not go the math this took the military head on resistance even if more quiet is becoming more common since two thousand for the number of soldiers who have gone a wall in the u.s. army has gone up two hundred thirty four percent according to an army report i would say it's an extremely linked to the wars in iraq and afghanistan to repeat deployments to even abuse within the military realities perhaps not told to young people when they enlist but use a lot of different under-handed to. back to recruit youth and to the military.

here you can see for some of those after we are you can be a basketball game behind me the west point military academy drill team is performing because it's military appreciation night sponsored by the u.s. army now it's also student rewards night were students as young as grade school had been given free tickets to the game. so it was also a recruiting opportunity it is what we like to call this kind of community relations if. it is a complete recruiting event as well as outside a souped up humvee welcomes kids from this poor new york suburb off their bus in the prairie off of hopelessness virtual reality and video games market flying drones going into battle and firing weapons you know they don't have. you know feeling suicidal again today video game inside g.i.

johnny draws a crowd and the future soldier trainer game as it's called you just showed you draws a new recruit who recently enlisted you praise you. have every shot around them. and that this is nothing this young man knows will prepare him if they say your travel the world and you'll meet interesting people. is really going to be basically. these promises are sold but something's missing you know they never address the brutality they they always leave it out they just they just say oh you know what the military is like you know you've. played some shoot em up video game one time but war isn't a game and the u.s. military experience doesn't fit into a half time show and looking from a veteran on the other side of it this was a mile across a jacket to a soldier about to embark time almost stand still i was on the do something but seasons will change and time minutes soldiers will keep marching on loren. r t new

york. so we'll do some brief bring you up to date on a powerful explosions rocked pakistan's largest city killing at least fifteen people and wounding nearly one hundred others it destroyed a police building in karachi and happened close to the heavily fortified u.s. embassy there emergency crews are now searching for survivors in the rubble witnesses say the crater left by the blast suggest it could have been a car bomb. the iraqi leaders would agree to create a unity government after eight months of political standoff nuri al maliki will serve as prime minister for another term in the new deal which includes parties from the shias sunni and kurdish sides of those situations to be ongoing since elections in march failed to produce a decisive result it's hoped the deal will help stabilize the country's fragile security situation. sport russia's revving up for its formula one involvement with moscow based super car maker mo to share snapping up a stake in the british team virgin racing with a russian grand prix soon to be added to the racing calendar then interest in the

sport in the country is accelerating. his war of bullrushes driving ambition. seem to have rather exploded onto the scene let's start with the man behind the company or one of the co-owners of the company nicholai from menko a huge figure within russian racing a distinguished russian race driver and also the host of the russian version of the television motor show top gear this company the russie of which here is a code it is a super car maker it's revealed already some very high performance cars and next year iran's waiting with bated breath because it does announce that early next year it will unveil its first f one car totally under stock under construction in the u.k. the company itself wants to build commercial cars as well as super cars but now it has moved further into that glamorous sport of air war by buying a large stake no figures mentioned yet but possibly not

a controlling stake was certainly according to reports a large stake in the virgin racing team in britain which makes it all the formula one team so it's part of going to be on the track sooner rather than later and there will be see how they do their name itself what they're going to give it to see a virgin racing mind to try it if you want to see itself is a informal version of the russian name with a real sort of got the rio virgin racing which might attract a bit of humor from some pundits but before we start making jokes let's see how they do on the track. well said tom correspondent there well next republican victories in the u.s. midterm is on the line vote is growing anger with the current government has been deepened by worsening unemployment and political infighting about to sort out the mess one democratic congressman is taking it on the chin telling us that much of the party's problems stem from a bailout of course the same wall street at the expense of ordinary americans that

chat coming right up. congressman dennis kucinich joins me today to talk of the elections the federal reserve and the start treaty congressman good to see you as always thank you so i recently saw you on the o'reilly factor and of course you were asked about the elections and the results of the elections and are you sad that the results are an indication that quote the american people are impatient is it that or is it an

indication that americans aren't ready aren't willing to accept the policies that democrats are pushing through especially democrats like yourself the policies that i wanted had been enacted we have a full employment economy we would have our children going to school tuition free we would have a universal pre-kindergarten we would have health care for all we wouldn't have any questions about this solvency of social security we would have america back to work . we would be out of iraq and afghanistan those are the policies i was promoting that none of that happened. not because i believe that the popular mandate which the president of united states had. right from the moment of his inauguration in january of two thousand and nine was squandered. and instead of a program for immediate action to put the country back on its feet.

we had a temper we had more concern expressed over the fate of wall street and the bonuses for wall street than we did on saving jobs and main street and wages and main street look the things in this country right now the economy is very unstable people are worried about losing their jobs their health care their pensions their retirement security why wouldn't there be a revolt but if we if we look at the results again and you can't help but think that this is a reflection of the health care bill that president obama pushed through you know i was covering some of the local debates and folks who voted members who voted for the health care bill were demonized you know even if they consider voting for it and they didn't in the ad they were looked down upon you almost didn't vote for the health care bill because it didn't include the public option i mean isn't this an indication to you that america is either not interested not ready or just doesn't

care that americans don't think that a we needed a public option and b. it was the right thing to even even push the health care bill through i mean this was the major piece of legislation that obama was able to push through fifty million americans without any health care at all i didn't want reform only within the context of a for profit system which is what president obama alternately decided that he wanted to push for the fact of the matter is people are losing their homes because they can't afford to pay their medical bills where and out where else in the world does that happen except in the united states of america because we have a for profit system so i want to change that system now to say that the referendum is some kind of the election was some kind of referendum on liberal economics be very interesting if we had liberal economics what we have was a wall street dictated bailout was wall street dictating the terms of reform. was wall street getting their banks taken care of and main street losing jobs income

dropping losing homes and that kind of situation with so much fear people are going to hold the party in power responsible which is what they did both to you and congressman ron paul have been calling on more oversight of the federal reserve even an audit of the fed this isn't this has been a long drawn out effort by you to i mean is it going anywhere or will it go anywhere why are more people sort of concerned about what happens behind closed doors in one of the most powerful institutions here in america well for almost one hundred years now for ninety eight years the federal reserve has been a long unto itself it's been a black box which directs monetary policy in america for the benefit of a few at the expense of the many. we could have you know we could have great wealth in america but the wealth accelerates to the top and one of the accelerates the top the fed helps that happen the fed looked the other way when the subprime crisis was

building when banks were were securitizing their mortgages and then going along with investments that were pyramiding the value of these securitizations when the bottom dropped and people couldn't pay back their loans. the taxpayers got stuck with the bill the federal reserve knew what was going on they did not do anything about it because their responsibility. it is to wall street and to the banks the problem here is they also have a responsibility to maximize employment there was zero interest and there are economists working for the fed who believe that a certain amount of unemployment is necessary for the proper functioning of the economy well they have jobs they can say that but we have people with college degrees people with ph d.'s who can't find work there's something drastically wrong in an economy when that's going on congressman you have been very adamant about improving u.s. russia relations you've been at the forefront of that at least in congress the

start treaty was signed by both president obama and president in theater back in april it still has not been ratified why not well i think the fact that we had this . contested election going on probably something to do with it now what does that mean in the future i mean that's a very good point because a lot of the opposition as we saw to this treaty came from the republican party so does that mean that you know what sort of debt in the water now not necessarily i mean i think. the old thinking about russia has changed in the congress. has that it has. you know for the first time last year russia caucus was created and it was created for the purpose of building u.s. russia relations so i think that the start treaty. in the next senate should

have an opportunity for a hearing and for a positive vote it would be absolutely wrong for anyone to try to demonize russia at a time when we need russia's cooperation in order to limit the amount of nuclear weapons that are present in the world congressman thanks so much always an interesting conversation thank you very much. sixty five. days to finally. move through from some from the

army. it's come true became the symbol on the floor of the financial system. the big three were nazi germany. leaders of the world's richest nation putting their heads together. with the threat of. the shadow over. the country. to keep themselves afloat.

of the. russian agents in the us some russian. foreign intelligence service. was simply a hoax by intelligence services but officials insist the packages which were intercepted by last month. the real targeted at b u s. news continues in half an hour of a colleague sean thomas between now and then stacy hermit's her but take the money world's movers and shakers to task with the kaiser report that on air next.