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tv   [untitled]    May 18, 2011 8:00pm-8:30pm EDT

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for me. on the. streets. anger and rage in afghanistan today as deadly protests erupt after a nato raid yet that's not what's making headlines so as mainstream media focuses on arnold schwarzenegger's love child is war reporting really worth the sacrifice. and food prices break records and consumers wallets leaders worry commodity prices threaten the global financial recovery g. twenty economic ministers meet to try and find a way out but as some argue wall street is to blame can governments even dictate a solution. and check it
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out the u.s. army has you shoot 'em up video games as a recruiting tool for years this is why this is the chinese get in on the game. good evening it's wednesday may sixteenth eight pm here in washington d.c. i'm lauren lyster and your watching r t g twenty finance ministers are meeting in argentina to address commodity prices they're concerned about volatility of them no food prices you may know have surpassed two thousand and eight records this year according to the united nations and the world bank president said in spring that the world is climbing out of crisis but that high commodity prices are threatening us and now the world bank has also released a report saying the u.s. dollars dominance will be done by twenty twenty five now earlier i spoke to frederick kauffman harper's contributing editor to get a sense of all of this he's also author of this book a short history of the
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american stomach and i asked him what's driving the price of commodities is a crop failure is supply and demand or wall street speculation because it had to say. we have hundreds of billions of new dollars transforming and hijacking what was once a rather stable and non volatile market and of course how does volatility enter the market it enters the market because what we're seeing is huge amounts of money from hedge funds and sovereign wealth funds and pension funds coming in from very large banks goldman sachs barclays deutsche bank through all these new very fancy derivative products which have transformed the way the on a technical level the way this stuff is bought and sold on the side of yearly contracts and so the entire nature and form of the market has been transformed and ultimately what we're seeing is more volatility because the money is funny money where you really blame this on what it where does it really go back to because you mentioned it in one thousand nine hundred one that's when goldman sachs that
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started their commodities and act and then all of their banks are not all that many other banks knowledge you mentioned that later that decade deregulation of the market took place so what you really pinpoint is when this all started to go this direction that now you say is causing a solid filippi. look i think everybody would like to blame somebody and of course goldman sachs as the pig is a big fat target you know they just happen to be the smartest guys in the room in this case what really happened is we have deregulation in the late one nine hundred ninety s. and all the sudden all these position limits are are are negated you don't have to be a bonafide hedger anymore and what we finally have is a huge transnational problem and the g twenty is trying to figure out some way to regulate this on the national level there's thinking ok now we have to set position limits now we have to throw some light on the dark swap market but really i think the thing that's going to make the most difference is if we find we can get back to some transparency on actual grain reserves so people can really understand how much
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different countries are holding in their reserves opening up those markets so that we can actually get some real grain to calm down the hysteria that imaginary grain from grain futures has contributed to this mess big picture is that something that should be taking place in this way this kind of commodity trading because this is people you know if prices are driven up because that investment is speculation and people can't eat there and mud could arguably die. if mood is food is different food is not money food is not general electric stock food food is not boil and so therefore they have to be different rules supply and demand rules are different for food you know if the price of food goes down by a half that doesn't mean i'm having two dinners every night the price of food doubles that doesn't mean effectively that i'm going to eat half and what happens is you have a billion people out there in the world today who are having to live at about the poverty level a buck twenty five a day or less and in the past year the price of wheat is effectively doubled and of
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course what's just happened is every month of that year we see tens of millions of more people pushed into food insecurity and pushed into starvation we have to treat food differently what about the role of the us government does some blame on to easing a federal reserve policy and easy money of of flooding money into that this and adding liquidity into our financial markets that this is really driven the right thing commodities do you implicate the federal government in a well i don't really implicate the federal government however i do believe that there is no question that as the dollar floods the market that the entire commodity complex goes up now of course people are seeing the end of quantitative easing they're seeing that actually this massive historical short on the dollar is it is maybe not maybe not as extreme as that should be in the dollar has been strengthening ok so the dollar has strengthened and we saw this great sell off in commodities last week but guess what today the entire agricultural complex is actually inching up what does this mean it means that the agricultural part of the
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commodity complex has been effectively give a link to this is i think what the bankers really want. that's frederick kaufman contributing editor for harper's magazine and author of a short history of the american stomach and as i mentioned earlier part of this whole story is the world bank is predicting the end of dollar had germany and a rise in the chinese renminbi and euro to form a multi-currency monetary system they predict is happening by twenty twenty five now the decline of the dollar both in value and as the you as the global rather reserve currency is something that investors like george soros and jim rogers have been talking about for a while some of those comments coming on this show but i asked peter schiff president of euro pacific capital if it was significant that the world bank was saying this and if that date was significant here's what he said. the current system is unsustainable and the longer the world tries to preserve the u.s. dollar as the reserve currency the worse the global imbalances are going to become
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the more inflation the world is going to suffer so the sooner the world understands this and look for an alternative i think gold is the best alternative then we can begin to tackle these problems of course when that happens america's ride on the global gravy train comes to an end and we're going to have to get used to living within our means which our means have been dramatically diminished over the years because of our duster base basically having disintegrated due to high regulation high taxes cheap money all the things that we've done to undermine our economy but as far as i'm concerned the sooner that happens the better of because the longer it takes the worst these and balances grow the fundamentally weaker our economy becomes and the harder it's going to be to rebuild a viable economy so the sooner we the world wakes up it's actually going to help america even though we're going to have to experience a lot of short term pain to get from where we are to where we need to go that's peter schiff president of euro pacific capital and without money you couldn't have
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war and in afghanistan at least eleven people were killed and eighty injured today when violent protests broke out after a nato raid that allegedly killed four civilians also senior united nations official warned the conditions in libya are a ticking time bomb as humanitarian conditions continue to deteriorate yet on the u.s. big news cable channels these have been the big story. arnold schwarzenegger i'm not sure i'd say arnold schwarzenegger arnold schwarzenegger or arnold schwarzenegger the governor of california i woke up today to a bob show shorts and i got admitting he had a child with a staff member who worked for the family for twenty years this is a shocker in the world of hollywood and politics apparently the four children of maria and arnold knew this child we now learn maria demanded he move out of the revelation father said i love child shorts and i go refused just refused to move out leaving maria to pack her bags for
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a hotel if frankly without maria he would he would be governor i mean who is you kidding he'd still be doing those you know. you know movies. arnold schwarzenegger is split and his love child meanwhile journalists are risking their lives to cover wars and some are paying the ultimate price as the creator of this afghanistan war documentary tim hetherington did he was killed covering the libyan conflict last month here's a little of his film were struck. by bin and forthright details from sleeping pills in the belt. so that and i was right i think you're not sleeping and i think about it in. their brains like oh you're. going to feel sorry for you. to be exclusionary the going or the ready fingers to get the kill.
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and earlier i spoke to hetherington collaborator on restrepo his friend and author of this war sebastian younger and i asked him of covering wars for journalists these days is worth the risk when the mainstream media seems to care more about something like arnold. tim died in misrata libya and you know what is the story he was covering that day were his life so obviously no but if you take the sort of aggregate of all of these stories through the years through the decades the bosnia is the rwanda is liberia sierra leone afghanistan and you take them together. is it worth it to have a group of foreign reporters covering these stories of the world to know what's happening and possibly intervene possibly do something yes absolutely it's very much like firemen or policeman there is a casualty rate but but society is unthinkable without those without those groups i
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think that's true of journalism as well do you think that those stories are getting to you know the take here in america getting to american power those messages getting to americans are they number of are when you know you have editors focusing on news that's going to have entertainment value or going to appeal to a large audience. well i you know i think it is affecting decision making i mean i know there's i'm sure there's a swath of america is the civilians who are really focused on afghanistan or libya for that matter but let's face it it was probably a press coverage of the humanitarian catastrophe in libya that triggered nato involvement nato action which saved a lot of lives in benghazi i mean cut off his troops would have overrun benghazi and it would have been a bloodbath that did not happen because of the press so if someone is listening you said that that did not happen because of the press but you also had countries that were bowing you had even arab countries that were that were calling for
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intervention at that time do you think that it that the press has an interpol role really n.f.r. or is that you know other other factors. well without the press there's no information to rally around without images of people suffering without casualty figures without evidence that crimes are being committed against the civilian population. in the arab and other arab countries would not have been stirred up against gadhafi you need that information and the press is at least in the initial stages of a conflict that information gets out through the press and they were very brave bunch of people. very honored to have spent some years being one of one of the tribes and you know i really can't imagine a world without them after having your or your friend you know die in this way be killed will you go back. no i'm not i've done this for almost twenty years now
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i'm going to continue reporting i'm going to continue covering conflicts probably in countries in turmoil but i have not going to be doing stories where i'm not a very front line getting shot at. and what why is that what happened that made you contact. well tim's death really was tremendously hard on me and i realize that if that same thing happened to me i would be inflicting the sorrow that i feel in this last month on the people i'm closest to and i never quite thought of it that way before it maybe you have to be in your late forty's to even be capable of thinking that way but now i am thinking that way and i think. i just feel like it's sort of time to move on and like you can you could do is redo to say being over and over again and maybe you're not being challenged then maybe for me there's things that are more challenging that program and reporting you know along those lines of some of the comments that you've made that then points at the cross the realization that there is a point at which it's not worth it anymore you know
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a lot of the videos that come out are from citizen journalists on the ground that are experiencing the conflict in their countries that are living it this happened in syria where a lot of journalists were allowed in also this images we saw out of ball rain that kind of brought to everyone's attention the crackdown going on there those the world the source of all those images are so with so many people on the ground documenting the images putting them up on you tube is the role of journalists that are coming in from other countries that are professional journalists is it diminishing and is it and is it it worth. well that's just raw footage and you can't verify its accuracy its authenticity and the citizen i would call the citizen journalist but these citizen observers with cameras they're not acting as investigators they're not asking people in power hard questions and getting to the bottom of stories they're shooting very important footage of their cases you talk about carnage in the streets but it's not the same as durtal is and for that matter
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images can be faked they can be they can be doctored and who's to prove what's to prevent governments from putting doctored images doctored videotape ology you tube proving that whatever or whatever they want to prove that they're justified in this crackdown who knows so you really do need to press on the ground as much as possible to authenticate the things you seem to be seeing when you journalists ask those tough questions that are you know more and more when they cover these conflicts and bed with the military you know i have a column in front of me from a diplomat who is talking about how objective coverage doesn't really seem to be possible from what he's seen the journalist you get embedded kind of you know he says quote unquote lose it with the military and kind of getting hammered at it all and aren't really doing the asking the tough question. well i think the press in tripoli for example was asking extremely tough questions of the cut off the regime and they continue to we've been better journalists you know it is ok as
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a journalist than and i know many many journalists who were better with u.s. forces and wrote absolutely scathing articles about about what they saw it was a really miss prosecuted war and there are other journalists who didn't do that when i was with the soldiers in afghanistan i really wasn't writing about the war i was trying to understand what it was like to be a soldier and so my my approach to them in some ways was almost to try to be so subjectively within their experience to not be objective but i really wasn't covering strategy or policy so you know as in everything you you get all you get all the things in the professions right you get all things what do you think overall do you think that that and characterizing journalists as getting very enamored of and if people that they're covering is is you know fair or is that kind of exception. you know i don't i don't have big you can you can generalize and some reporters absolutely do how to fall in love with their subject be a soldiers or the police department or whatever they are you know the people of the
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world in two thousand but i mean that's the risk of girl ism it doesn't just happen with olders that's the risk of journalism is you fall in love with your subject and are unable to see them objectively it's a human failing in some ways probably a good one but i think for every instance that that happens there are people that do manage to whatever their feelings are they managed to obtain you know sort of stated objective viewpoint and really deliver a very fair and impartial story and for me that's best ninety eight percent of the journalism that's out there certainly the print journalism all right well i want to thank you so much for coming on and for talking to us and for sharing also your experience that was the passion younger author journalist and documentary filmmaker and sticking to wars the one in libya wages on and now the u.s. has imposed economic sanctions on the syrian president and other top officials in syria including freezing assets in the u.s. in response to the syrian government's reported crackdown on protesters meanwhile
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some have compared libya to syria and in russia russian president dmitry medvedev in his first press conference he commented on intervention as it applies to both countries or russia's position archies and he said now we have the highlights. lots of issues are on the table all eyes now internationally on of course what's happening in libya r.t. in fact asked whether or not russia would be in favor of any kind of resolution to interfere in syria of course there were seeing an uprising and much violence lately president is made of mention but russia would be against any kind of intervention in syria because of what happened after the resolution under b.n. . is that is a question that i will not support resolutions on syria frankly speaking they were disregarded by the actions that some states took even though initially russia supported the first resolution and didn't veto the second and what happened afterwards demonstrated that these kinds of resolutions can be manipulated this is
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deplorable because it undermines the authority of the u.n. . another international issue that came out was rush relationship with the rest of the west and with nato president madrid so that he did believe the operation was going well but that they are still weary about missile defense both the u.s. and nato and that in the future we would be looking for transparency and it got was not the case russia would be ready to develop its missile systems on a lighter note many jokes were made a lot of light hearted questions were asked once again it was put on display how involved the president it is in technology how he keeps up with his social networks and with his blogs in fact a long time he pulls out his wife had read breaking news of how the head of the the speaker rather than of the opportunity were a part of them and had been goading out of his position and also he mentioned that it's through these social networks like twitter and his blog that he keeps in touch with what what's really happening in the world and with the people that he's in
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fact the first russian president to do that i actually remember a medvedev joined twitter and he and president obama were tweeting at each other and obama welcomed him it was quite interesting that was r.t. correspondent and he said now wait and when it comes to the u.s. you can kind of get a sense of where the country might perceive its threats coming from when you look at pop culture the hollywood movie red dawn is being remade with a chinese invasion to replace the soviet one from the original film and lawmakers and politicians they fear mongering over china's rise to justify quite a few things including defense spending if it's an elected official or election vote for people when they're campaigning we've covered a lot of those but now it looks like china may be giving the u.s. a dose of this medicine take a look at this. that
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looks a lot like an apache helicopter a u.s. apache helicopter being targeted by chinese troops in a first person shooter video game developed by china's giant network technology company and backed by the people's liberation army now it's modeled on the u.s. army made shooter game america's army and like its american counterpart which reserved which was introduced back in two thousand and two as a recruiting tool this game is called glorious mission begins with simulated basic training before deploying the player to this imaginary battleground where it looks like they are shooting out u.s. troops and as you saw a u.s. apache helicopter now the news reports that came out on this show chinese troops in a flash a very diligently playing the game so be curious to see how the u.s. response to that but still here on our team for how to files in russia taking the time for the crime may not be enough coming up extreme measures some russian
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officials want to take to ensure pedophiles never strike again that are already going on in the u.s. . earlier. into it only when they would. do the work to bring justice or to the worst. like health care for me right now what my government would want to know why i do care. what i would characterize obama as a terrorist and the. american would so.
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welcome back a call is now getting in russia to introduce chemical castration for pedophiles now activists say that current laws are black and allow criminals to re-offend in the u.s. nine states already allow castration as a penalty however there are those who believe castration is far from a quick fix for such a complex problem and our tools correspondent maria notion has more. ne ne's a mother of three last summer i have four year old daughter was raped cancelling learns what happened she found the man responsible and beat him to death. i don't
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want him back i can only say that i just wanted to be sure this animal was punished and would never do such a terrible thing wanted to know it all go. sadly it is cases not an isolated one in russia in a country where seventy percent of people up and rolled with their opportunity to really fanned egil until justice is often used as an attorney to court of law so what. lynching is inadmissible it starts with the state bails if poor mothers and fathers knew that offenders would get fifteen years in prison or more would be castrated before being released would never be released without a satellite tracking through as in the usa i believe they know about american history i'm pretty sure they would not let your go. there's been numerous attempts to toughen the laws and paedophiles in russia in a decade dozens of bills stipulated in canada august ration life imprisonment have
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been discussed by the state duma but not a single one has passed the morgue for you to file the answer without subordinate russia this means some police officers receive money for a while and brother calls and demands are operating with members of the court system acquitted criminals i am not at all you are talking about the child porn industry which is so much money in so many people involved in this corruption within the evil is too hard to avoid for gaga but some don't give up and fight their own war so he's hiding his face he says the country's peter hartcher hunting for him gathering information from east papers m.t.v. has created an online paedophile database with shawcross files and forto what really ninety eight percent of cases of child abuse is real. people should know who they are they should know what they look like they should be on alert. as in the thirteen years he's been working on the site and after a single official has taken any interest in his plight which they have they do have
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a great a big reason which is the one who. would be should have done what sex offenders here are divided into categories from those serving sentences to those to see just that there are many who are monsters and claunch all wanted a terrifying thought for parents everywhere. every day some sixty children become victims of paedophiles in russia that means in the two weeks we've been working on this report more than eight hundred kids have been abused for years russian legislators have been talking about protecting children but for each they claim to act even more innocent lives i've been told. not to be more. now several nations have introduced chemical castration as a form of treatment for sex offenders as i mentioned in the u.s. nine states currently allow it as a penalty earlier i spoke with derek lowe he is author of the book once fallen
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which is about sex offender legislation in the united states he's also a sex offender and i asked him just taking the emotion out of it people's feelings about pedophilia or castration out of it in a country where citizens value and the constitution and to protect civil liberties and what legal grounds have states' role castration an option here's how he responded. one big misnomer the other nations. that we say we're all over this know somebody who is on the. right now and everybody votes on the. rights we do not have the same rights as other citizens so laws that are normally unconstitutional when applied to the individual seem to be are simply passed by people in our own sex castration is based on the idea that a limited sexual urges but eliminate the reason for engaging in criminal sexual
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behavior and i mean european studies have shown that recidivism is very thin are just two to three percent when castration is employed and other study found that it does or a psychiatrist said that it does eliminate the sexual urges so so what's wrong with that it sounds to be a good punishment as far as recidivism or power of the argument is while it reduces sex drive it doesn't loom in a. social performance of hold out that look so whatever keeps telling from game lasted well the power of a prominent lawyer says it's only going towards you know the social person can still perform sexually and there's a psychological consciousness not be taken into consideration when you talk about doing something physical while aspersion it may reduce your sex drive but not the need to have sex in it so a lot of their own from psychological and therefore it gets into the corp or we do have to process really we have neural elites who are
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a lot and we're eliminates only their aspects of an individual in a partner in the need to procreate is actually a point a little constitutional right so there becomes an argument of that so. it hasn't been proven to completely eliminate this extra. it's a complicated issue both sides of the story both looking at legal and moral issues that was derek lowe giving his opinion he's the author of the book once fall and that is going to do it for now for our news tonight for more on the stories we cover though go to our t. dot com slash u.s.a. and check out our youtube channel it's youtube dot com slash r t america right now you can check on and find lots of very interesting viral videos there is one of there right now i just saw of newt gingrich two thousand and twelve presidential candidate. who's in the running for the nomination getting glitter thrown at him by .

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