wealthy british soil. has moved on to the right in the front. yard and. market why not. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines join into your reports. is he used.

to. come. back here with r t here's a look at the top stories extradited russian businessman viktor voight accuses washington of trying to force them specialty denies all charges including conspiracy to kill americans and supplying arms to terrorist groups both was extradited from thailand after russia has called on a president of political pressure from the u.s. . security on the why the white house vows to do whatever it takes to seal the arms reduction treaty between russia and us as more republicans of course to postpone its ratification some americans blame their trying to score points and. supports.

rising tension and i wanted to say they're being cast claiming european countries are using the fight against crime as an excuse to target them and they're blaming their inability to integrate on nobody except. global have always have been working to find a remedy for the world's economic strife that forms in the far east but was no obvious solution on the table r.t. caught up with author and journalist doll kirk to hear his views. how best to restructure the global financial institutions like the world bank and the i.m.f. to better reflect today's economic landscape that's the challenge facing world leaders businessmen and as tensions rise over the on going of the so-called currency war and the related to see with global trade imbalances raising the risk

of a move towards protectionism the pressure really is on to talk us through some of these challenges i'm now very pleased joined by correspondent from the christian science monitor. many thanks for being with us. mr now we are in the midst of what's being dubbed a currency war with the u.s. and china really at loggerheads each accusing the other of currency manipulation do you think that there's a way out of this and well there may be a way out of it. are certain that we're going to get out of it any time soon the g twenty summit did not come out with any real consensus on currency balances they certainly came out with strong resolution very so that it's not good they said volatility is not good and all this other stuff is not good but it is actually agree on a way to on the way to resolve it aside from recognizing the problem and saying yes let's try to resolve it and then the. did you pretty. issue of global trade

imbalances do you think the u.s. is justified in. export having countries like china and germany succumb to their reliance on exports in order to to rebalance trade it going to peru well you know i don't know if the u.s. is justified but i will say the u.s. has a terrific trade deficit and the trade deficit with china is just enormous you know it's like trying to export several times as much as the u.s. exports to china and so you know from a woman american point of view the u.s. has got to do something about this obviously the u.s. has to take care of a lot of domestic problems its own problems its own internal problems no doubt about that but they also have to lean on exports to raise the value of their currency to more realistic levels as president obama pointed out quite frankly in his press conference china intervenes heavily in the market to keep the you want to

keep the renminbi that you won at a lower rate than it really should be so you know. the u.s. has to do something and they've got to they've got to improve domestically and they've got to try to improve they've got to try to slash. you know surpluses of other countries i can't blame the us for for behaving that way with the one of the squabbling they do you think that there really is a danger that countries might be considered local to their reign if you like can see you at protectionist policies i think there's a real danger of that and the danger is not just countries elsewhere around the world of the dangers of in the u.s. the american congress might get protectionist if this goes on they're not going to get protection is right away they're not going to get protectionist next year the next congress is not going to be protectionist but over the years protectionism it could certainly build and finally the congress would say ok keep out all this foreign stuff you know that's. all. these imports i'm not saying that's good that

part is not good. in fact that's a real danger that's not a solution that's a danger but that could happen and also other countries could certainly respond with protectionist measures of their own a lot of countries already have protectionist measures one of one sort or another and where does all of that b.p. if you're a free trade something that wealthy disk consistently faded back. but we see we've been told for waves well i think free trade is is in danger here. you know will we see a movie that's part of what is g twenty was all about to encourage free trade to bring down some of the barriers to encourage countries to take a more open position and to do something about their overvalued their undervalued currency and so forth and you know that's that's what this kind of talk fest is all about but there is a danger free trade is that is in danger here and how would you gauge gloop

reaction to that shock announcement we recently had from the federal reserve that it was going to a second round of quantitative easing the six hundred billion dollars being pumped into the economy we have some partial christmas coming out from developing a call me saying that they're seriously bored it could whomp them markets but also from countries like germany right right that was a shocker. the u.s. federal reserve announced that it was buying treasury bonds worth six hundred billion dollars and this was on top of the previous purchase of treasury bonds worth one point seven billion dollars this you know is an invitation for the u.s. to print ever more one hundred dollar bills i mean what do you pay for this stuff with you know you know pay for by writing a check you pay for it ultimately in the end you pay for it by cash and this guy starts hitting world markets some markets are more volatile than others and obviously it's going to have an effect that. the response now the u.s.

response is we have to do something to improve our economy to overcome our deficits our economy improves that means your economy will improve because we'll be doing more business you'll be selling more stuff to the us and will be buying more stuff from you so you know there are no doubt there are arguments pro and con but it was a shocking us and i recall you know there are some people who are not quite as critical to us as others but i don't recall anybody applauding the u.s. move i don't recall anybody saying oh it's smart move i don't i don't think i don't think anybody said that there was some people who were not critical but they didn't they didn't they were not in favor either you know you mentioned that the relevance of the g twenty people here and so maybe felt disconnected towards the summit that they went excited about and said how relevant would you say that this group is today and how united is it is that still a consensus do you think among its members to really change the well financial

system well they're desperately trying to give that impression i don't think there is a consensus but they're trying they're trying to give that impression and they're not united i mean twenty twenty countries with so many from so many different issues them so different parts of the world and something concerns going to be united however one significant aspect of this g. twenty was that it gave more more say considerably more say to what are called emerging market countries led by china which is you know the biggest obviously the biggest one but also including such powers as india indonesia was here saudi arabia was there turkey was there you know there were a lot of countries that were represented here they weren't getting any kind of representation before. substantively in terms of real action not just talking the g. twenty did in-doors the move by the international monetary fund the i.m.f. to give greater quotas to china to india to other. urging market countries to give

considerably greater quotas to those countries and also to give them two more board seats taking away two seats from european countries something that we didn't really hear much movement on is not only getting into base of but the u.s. dollar as a reserve currency and america's management of it what do you think that it would take the leading countries to really begin to meet multi-currency. well i think they may be on the way to that some people think you want chinese renminbi might become you know a global currency if you were on the streets of america conducting interviews of people and you ask you know what i read in the n.b.a. is they wouldn't have a clue you know absolutely no clue as to what you wanted was they would know what you're talking about here i'm quite sure they would. they should know what british sterling is all about. you know a few other cars and they certainly heard of the japanese. but you know as time

goes on as the emerging market countries gain power and influence and as this part of the world soars economically you know not just china but korea you know japan they say is stagnant it was not really stagnant is a very productive country you know there's the g.d.p. is it may not be increasing as much as other countries but it's not going down either you know it's and it's a major world economic power so this part of the world is. as it increases in importance is there is a chance that the dollar may and as the dollar and if the dollar deep freeze. further there is a chance that other countries other currencies may soon may come to the fore and we'll have a multi currency system can't rule that out it's possible then maybe bravo would also do you make of that interesting suggestion we have to be from the wealth bank chief. so exhausting reintroducing go with other potential and can.

i think it's going to make way quite awhile for that to happen it's an interesting idea i enjoyed reading the article but. beyond that i'm not totally sure if it's ever going to happen or if it's just kind of a fun idea which was mooted and which we can all talk about but we don't have to take all that seriously many thanks for joining us on good to be with you thank you . download the official auntie up location on the phone i pod touch from the champs to. watch on t.v. life on the go. video on demand on t.v.'s my old coasts and streets now in the palm of your.

questions on the t.v. dot com. margaret mother did not live with her because. she was afraid. and she was very cool for the. chief though. our lives frankenstein's monster. don't have the problem. every body. is made. of the palestinian or the european saudi to negotiate an end to the violent attacks

against israel which i have no fear of war call the cowards so long those who have no fear are calling the leader of the state of israel one of the main terrorists in the world. we are supposed to be seriously examining history you mention a few words about jewish culture labyrinth. and people get so upset this is i'm sorry to say it's a form of emotional blackmail. for your convenience are comfortable shuttle bus will teach you to do so. just

a few hours observing urging forrest and scaring her. in your direction. are included. in those so many years. she saw no prisoners. there is still a lot of those wells and closure. those so many years used. some are whole being designed to save. others shake their executioners and i'm longing for justice.

those so many years of past. memory is still alive. as well as old. as for that russian businessman accuses washington of trying to force his confession he denies all charges including conspiracy to kill americans and supplying arms to terrorist groups but was extradited from thailand after what russia has called unprecedented political pressure from the u.s. . security on the line the white house about to do whatever it takes to see if the arms reduction treaty between russia and the u.s. has more republicans course to postpone its ratification some americans claim they're trying to score points against. anything to support. and rising tension roma gypsies say they're being outcast claiming european countries are using a fight against crime as an excuse to target them and they're blaming their inability

to integrate on nobody except thing them. and those are the headlines here in our t.v. time now for sports update was a room on. a lonely walk into sports on our t.v. with the latest from russia and around the globe among koester of and let's start with our top stories in brief. home defeat russia stumbled against his former side as bill joy when their international friend two zero in the city all but on the. first win in five years messi breaks argentina's losing streak against brazil in doha. and london calling fresh from winning the world championships russia's women's volleyball team gets olympic gold in twenty years well. let's start with

football words you can because russia losses form a side as belgium one two zero in an international friendly in vote on issues and richard portly has all the details. russia's friendly with belgium was a historic moment for iran is located five hundred kilometers south of moscow it's the first time this city of just under a million inhabitants has ever hosted a full international match the reason veronese hosting this game is all part of russia's plan to host the two thousand and eighteen world cup with the national team playing matches around the country interests running as mine has been co-author with all ticket talking sold out weeks ago while there is a hotel room preparing for love or money i'm going with match making some way to easing the pain of a wrong is as if russia wins the right to host the two thousand and eighteen world cup this city won't be hosting any games the billions haven't had the best of preparations for the game they were due to arrive in brawn years and choose the evening but were unable to learn due to fog and only ride five hours before the

game even the full said wasn't ideal we had and we hadn't slipped. into a tree in the morning and it was so everything was was against us then later rival certainly didn't have a belgians as they would make an express starts after just two minutes visitors took the lead a seventeen year old role model kaka took full advantage of a bad mistake by ego i can theory if the score his first goal for his country and stunned the home fans. russia were enjoying plenty of possession but they were unable to turn this advantage into goals thursday a billionaire dino failed to make the most of a good opportunity on ninety minutes as he saw his curling shot go just wide and then midway through the half roman shishkin who was born in their own years and was making his first appearance of a national team in free and a half years stung the palms of chilled francoise gear bulging with content to play on the counter-attack and they could have doubled their lead two minutes before half time break but was unable to find bailey who was totally armont leisure

continued to enjoy the lions share of possession of a second half and created a number of opportunities to wastefulness in front of goal was becoming a big problem for the home side but on some different. minutes for visitors would double believe the impressive real cock managed to hold of the challenge of debates and pics of us in pubs illegally before firing past the helpless i can face with but never issued a mountain to climb but substitute alexander block out of could have half the deficit but he blasted over wastefully as belgium would ease to it to know when. i doubt if they were any positives in our game today we haven't shown good for humans but still it was a big day for our own issue and me being a year or two we'll see a club from b.c.d. in the premier league who will listen some things we had chances but we didn't score probably because we like concentration it's an end of the season and we might be tired plus of course we committed to big mistakes in defense. i deserve one for belgium who got one over dick of the cats who quit the red devils in april after

managing them for only six months we didn't talk much about him in the last glaciation but. with india it's always nice if you can win against a former coach on. the side a disappointing into the year for russia who finished two thousand and ten with a defeats however the experiment to play in the wrong is was one of the few plus points as the crowd provided dick advocaat side with fantastic support for the game which a bump hopefully don't see there on the issue. more international friendlies took place across the world on wednesday and let's go straight to their arabian peninsula and the south americans are be in del hop barcelona striker lendl messi scored the only goal of the match against brazil well and to stop the strike that's what it's our world player of the year dribble past three defenders before accurately placing the ball into the first far left corner brazil had plenty of chances of their role throughout the match all because the pleasing the v.i.p. guests i know when became argentina's first and sixth sense against the fights i

world champions i'm moving on to portugal where world and european champions spain what's. rashed by the host for zero the home side open the score shortly before the half time break through great individual skills by christian or an elder whose deflected shot was picked up by carlos morton's who blasted it into the net portugal doubled their lead just three minutes into the second period held their posts scored his first on the night through a brit low cross by nani less than twenty minutes later the same man found himself alone in front of the spanish goalkeeper to stretch the lead to three goals hugo all made it took full advantage of spain's depleted defense in injury time and made the score somewhat embarrassing for the world champions. and now the world cup finalists netherlands had better luck on wednesday against turkey led by the former russian coach guus hiddink also

a dutchman by the way the match was decided in the second half after an error by the turkish defense as had weak is my dear all but n c s or the only goal of the game. meanwhile ahead of all those matches before released their new world rankings where russia have slipped down three places and dropped out of the top ten into thirteenth spot there are no other changes in the world and european champions spain are still leading the list world cup winners of the netherlands are second with brazil in third there followed by germany argentina england while portugal and croatia while egypt have risen in one place to capture a tense spot also greece and norway are ahead of russia eleventh and twelve spots respectively but stick around because men are higher than two thousand and six world cup winners italy fourteenth russia's euro qualifying campaign group b. rivals slovakia are eighteen. now russia's women's volleyball team are setting their sights on gold at the olympic games in london after winning the world

championships in japan and the last weekend's see russia one a thrilling final against brazil on sunday to clinch their second straight world title outs are winning all eleven games at the. championships and russia's head coach of the result can admit their fans would expect is side to repeat the success in london in two thousand and twelve but he remains philosophical about it seems chances at the olympics. were going to us i would like people not to forget that pieces sport and no one in sport can be guaranteed oh opponents will come up stronger in two years but we only think about weaning at any competition including their lympics meanwhile all rush just wanted to send world and european champions that will take part in the next summer olympics were invited to the kremlin by president dmitry medvedev who admitted it taken him a while to get a medal count from this year after a series of good russian performances on the international circuit the russian

president had been attending the g. twenty summit in japan while he was all the soul there and obviously he began his speech marking their performance which brought them back to back world championships at the weekend in two thousand and ten and russia won over seventy medals in numbers disciplines including gymnastics wrestling and swimming and present that if push them all more victories and the support of their fans used to sure there is another very important part to success which is really talked about and but it's very important for any athlete and that is the fans stance on board should not just be on the surface it should be based on trust become considerable you might say no matter if the athlete or loses it happens to everyone even politicians. fine that it would certain so the senate with the first stage of the euro hawk its war over the cage shell season has resumed and that's a lure to money the gores have extended their lead of that all that's able to take a look at this in style by the russians says five nil on home ice elsewhere though

work eight other games and. netted the winning goal in overtime is one five four home suit had off going to the east also due to extra time to register for win over several style while looking at c. for second in the west last said bodies in a shoot out in the other games depending regular season champions you live solve a novel or read in all five but five goals to four do not one minute if you track sort of by a single goal and route easy to solve the region side out flaws that hold everyone struggling sports are reduced to three one victory at nicaea make and finally defending champions came from three goals down to win six five at home to scott st petersburg in a shoot out. and that's all for right now join us again very soon or you can get an update on sport in russia and around the world at any time on our website so it's been artsy and enjoy thanks for watching.

more news today volunteers once again flared up. and these are the images quote world has been seeing from the streets of canada. trying to corporations rule the day.

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