british soil but it's not on. the. market. find out what's really happening to the global economy because reports on. one of the biggest u.s. financial and these admits to gambling away more than a billion dollars of levy is a vast american models call that audi fair game for cash scam some. emergency crews step up here in firefighting efforts in russia's republican majority which has seen a spectacular but destructive artillery blow. and secure no longer a high tech russian firm says its bypass i phones much touted security and is now offering to feed information from anyone's phone for sizable feet.

islami on the russian capital you're watching r.t. with me joshua welcome to the program before the middle east uprising spread to libya and a country became embroiled in civil war leave you know was a top international investor the country even had a one point three billion dollar fund with goldman sachs one of the biggest u.s. banks today the fund is virtually empty the result of high risk betting and there is little feeling of guilt amongst the american bankers. long before the u.s. led airstrikes against libya's moammar gadhafi the dictator and one of america's most profitable banks were firm financial friends in two thousand and eight according to the wall street journal goldman sachs offered khadafi the chance of becoming a huge shareholder only after losing ninety eight percent of libya's one point

three billion dollars sovereign wealth fund in just a few months they have lost a staggering percentage i don't know how you lose ninety percent or something was that on options on the european banks and energy companies stocks plunged shortly thereafter but in any case clearly they saw a goldmine in khadafi when the fund controlled by colonel qadhafi nearly empty goldman ponied up all first to recoup losses from working to the journal libya would get five billion dollars worth of goldman shares in return for making a report seven billion dollar investment in the securities firm libya agreed to buy the banks debt with the promise of a lucrative annual six percent return for twenty years gaven knew it was about. and there they were showing showing these libyans a piece of junk which was themselves libyan sovereign wealth fund officials are

reportedly accusing goldman of misrepresenting investment deals and making trades without proper authorization but others proudly admit playing fast and loose with his money american real estate and reality show tycoon donald trump boasts that he lied to n.b.c. eally the libyan leader in the past i read to them a piece of land he paid me working there for one night and he's everywhere do his work but only here a few years and then i do it with a new story and we should be doing we send over new jobs we want to use the word scrap for a screwed up now. now critics say the libyan people stand to get screwed by wall street firms comments were very interesting in terms of the attitude that american executives and american officials have towards other countries did their to be screwed and he said it publicly and he advocated it as a policy and he did it personally due to frozen assets and financial sanctions

imposed by the us europe the united nations libya's sovereign wealth fund arguably the forgotten about unless one of the world's top financial firms is held accountable so americans have been demanding that for years without any success can't get duffy achieve what the american people and the american government can't or won't achieve i don't think so i think that they're going to get away with this you know big billion dollar boondoggle with libya just as they've done it with america goldman sachs is currently being investigated for playing a major role in the two thousand and eight financial crisis a crisis that cost americans millions of their jobs homes and life savings while a military conflict early divide the u.s. and libya uniting citizens of both countries is the financial game wall street has made at their expense. artsy new york. and florida based investment

banker bernie the roman believes western banks have used libya's helplessness to turn the country's investment funded to a toxic asset dumping ground zero for a little profit. when you two percent of the world oil supply you became a target the sovereign nation. the primary target of some of the biggest investment banks worldwide but the obama administration has created a criminal investigation it is now getting information or sources tell us they have good evidence that the bankers were told that the materials they were selling to the sovereign nation funds were truly bad assets they knew they were bad assets and they were moving them or their accounts and putting them on the accounts of libya and norway and iceland and that's a crime. while nato has announced it successfully deployed attack helicopters in libya for the first time british and french choppers are said to have attacked and

destroyed a row chap point and raiders it comes just a few days after nato expanded its intervention mission in libya recent weeks have seen intensified allied strikes on the leading army at the same time yet officials have accused colonel gadhafi of war crimes while saying rebels were also guilty of similar abuses speaking out american television russia's ambassador to the u.n. to tell the children says the media must decide its own future and that's something no intervention can force. iran indications that the start which will produce a genuine political process if you simply could dictating things from the outside by supporting the rebels by saying that this person has to go this person has to stay bringing somebody in announcing that some particular individual is the judum of the others more legitimate then you have to go become to just the country do not go to iraq in libya we don't believe that as a i was trying to say that is foreign capitals. determine who is going to leave the

country and what is happening going to happen there has to be a political pros so our idea is that there must be a cease fire at us with this possible because it can produce a situation where civilians are not going to suffer any longer. later this hour as a resident asks is a college education in the us really needed a country is it a jobs crisis. i'm not going to say that the government needs to pay for it but i think young people need to wake up and look around them and say you know it's not an accident that bill gates was still taught. emergency crews are bolstering firefighting efforts at a burning ammunition depo in the central russian region with additional equipment sounds to the scene at least seventy six people have been injured after a major fire at a military unit set off a chain reaction of artillery shell explosions well our correspondent you're all over is in the region and can give us the latest now piers been more than

a day since the fire broke out so is there any silence finally being brought out of control. well we've been here on we're about on we're actually at the moment on the edge of the security perimeter that's been set up around this me nations this munitions holding facility and at the throughout the day we've seen helicopters and airplanes dousing the smoldering area around that there are no flames there we can see just now they are on friday the firefighters said that they had the situation localized it contained now from what we've seen we've been here this morning that is exactly the case they are a few areas of the forest around with the storage facility is that are still smoldering but this they are not on fire eleven thousand from the sky there are however explosions still going off about three or four an hour now these aren't it's the same type of explosions we saw from the fire that started over twenty four

hours ago these are controlled explosions being carried out by special forces bomb disposal experts they've been working round the clock to make sure that any ordinance that was damaged by fire can be safely put out of harm's way so that it can't be a contest in eight itself sets off another way in the future now. i say it's about a kilometer as the crow flies just behind me in the tree line where this facility is around five hundred meters and behind me is a nearby village another village was evacuated and we've been hearing some horrific tales from the villages about the evening when when this fire took place now we are hearing from the emergencies ministry that these controlled explosions that i talked about will start to peter out throughout the day as they finishing their job and their villages will actually be allowed to return to their homes they are our ready gathering nearby here on the edge of the security perimeter because they're obviously very very keen to get back to their homes and check on their property.

but they've been feeling c.r.t. some horrific tales of the night with that fire started. right now inside some of us are still wearing our sleepers and my guns. and i was putting on my jacket when i heard a shell rammed into the wall the plaster began falling off i grab whatever i could and started running. when we arrived we saw huge flames and said massive explosions . now the pictures that we've seen from this displays when it was on its height we said the shells exploding all around some horrific scenes of course many people were injured some of those have been released from hospital some are still receiving treatment doctors have been telling us the majority of those who have been injured were actually rescue workers and emergency ministry personnel and firefighters who tried to put these fires out now they're suffering from burns and cuts and bruises caused by flying glass of the windows were broken during the shock

waves that were sent out from least exploding ordnance but this village behind me is home to a lot of elderly people and many of those in this fire started they they sought shelter in their basements and another place anywhere the shelter was available to them and had to be rescued by the authorities. were going to be mainly elders who had embrace him and some were evacuated by rescue teams we then took over and moved them to hospitals in evacuation centers and no one understood what was going on so everybody took cover this is they could do. this but you are. so fucking right is continuing to put out this blaze and put out the remaining smoldering parts dousing it from the air with helicopters as well as doing work on the ground. but here what's rather worrying in this situation that it's not the first time there's been a fire at an ammunitions death toll in russia so what have the country's authorities been saying about this. well that's right it's not the first time it's

been a fire in a munitions factory it's not even the first time it's going to meet fire in a munitions factory in am a long time just last week there was a fire in him cheerio in a similar type of facility to this one where i am now president dmitri medvedev has been scathing in his comments suggesting this two fires in two weeks is to fly is to fry's too many to be allowed to be talking and it was he saw a trend was beginning to appear now he's promised a full investigation into how this was allowed to happen and has promised that heads will roll if you finds out this any people in power were flaunting the safety procedures faulty security procedures the order to keep what anybody who's living especially those people living in this area they would hope was amongst one of the most secure facilities in the country presumably it has said that if any senior military personnel are found to be to be negligent they will be removed from their positions. all right peter thanks very much for bringing us the sub data from and

want to appear all are reporting on an explosion that happened at an ammunitions step in and more to ya. and to keep up to date on this story and chap our facebook page where we've got a full length amateur video of the end for a new and instant of dates on the story plus right from the center of the disaster picture is brought to you by a man groans just log on to facebook slash r t news. the

former bosnian serb general rock on law that has dismissed all the charges of a u.n. war crimes court during his first appearance before the try to get on lot of cold indictments against him monstrous and obnoxious the former army chief has been charged with eleven counts of war crimes including the channel side of eight thousand muslims at terminator nine hundred ninety five a second point hearing will take place next month a lot of he was arrested last thursday after sixteen years in hiding and as the trial gets under way balkans a story of an emotional knowledge says there are still major questions left unanswered over exactly what happened at her burning some sniping and. well you know mysteries you know people to do or you can go there were people shot student in mexico it's just at the end she got so much verdicts in saying well we found this many bodies we believe this will be how many movies and innovation it leaves in that assumption or guess you've heard it in from the new generation this is the corruption problem you will use need to use money.

it's just a question of how many people garden and what your business you should be to these unique basics to be nice to gay. it is easier to reach thousands from a hundred frost missing persons you were foiled in. one thousand nine hundred ninety five this was a list of all the people that have gone missing in. july and this is this is not a secure. site established figure people did the number of you could do complete number of casualties mostly it was revised down from two hundred fifty thousand long one hundred thousand going through them over the past decade beeston hard evidence it's been marked and yet the number of each house missing for she didn't trigger and it's never actually been challenge officially and you should really not think you should really get any sort of official evidence that this actually this number is actually accurate. but blind the deputy editor of the online magazine spike doesn't think a lot of his trial will be just as i hate protects the interest of particular

nation's civil war the notorious for being. terrible for there to be of atrocities for for actions that would be agreed on the eve of the regular war. to. go along after the event we're going to calmly try to judge you on the standards of normal thought i think is wrong we have to accept. that the civil wars happened but . i'm sure that there's many things about it that were were very wrong but i think the whole essence of the war crimes tribunal is the other side of the ball for the position of the west rather than to to really give people a sense of justice or the child you know has no legal ground to exist and should be dissolved that's the view of one of our viewers in our online form. of website have your say on whether general that will get a fair trial at the u.n. war crimes court or calm is the press where you can express your opinion on

a matter. the introduction of a smartphone made a tremendous impact on the way people use mobile phones from simple email to booking a holiday it all now be done on the palm of your hand but i think functionality comes increased vulnerability is actually growing right of reports there are always those who are all too happy to share your passwords or props and what does your i phone four know you can access this information. even when i'm not making a phone call and just walking around with every step this won't track my dear graphical location if i don't decide to connect to the. nearby cafe my phone records start as well if i then decide to send an e-mail perhaps put on some private passwords all of that information is stored on a device itself in fact this is a treasure trove of private data that's kept there for months and sometimes even

years until now you could at least protect yourself with passwords that were hard to crack but now a company says it's had good offenses i phone four for several thousand dollars will hand over all the data on any protected device. we are a force for good we don't just give the data to anyone we require people to fill in a twenty page form to say that they need it. destroyed these reassurances really see the development as a cause for concern. for them to do this is a bad idea whatever do intentions now they have created more about unity's for law greatest access private data with. the moscow based company which specializes in breaking down security systems so far clients have been police security services and relatives of people who have died. that's for privacy concerns the crickets say

if it wasn't them it would be somebody else. we can forget about the oh your privacy we together we live you go on the internet you are already revealing everything about to us so it is becoming that way with using your for. all of the look at their love has just one piece of advice if you do buy a smartphone make sure you don't let anyone else get hold of it either there are no thought see. and always more on our website r.t. dot com let's take a look at what's lined up for you there right now virtual space is the final home stretch for six men returning from mars after a seventeen month mission to the red planet however the crew never really left there are. also an airless mutant rabbit born near the crisis hit pushing when your plan causes an online frenzy sparking fears that children will be next to suffer birth defects in japan.

and my house revealed american employers hire the smallest number of people in eight months data according to the latest bureau of labor statistics and with the u.s. still tightly grasped by the crisis there is increasing speculation washington will have to raise the debt ceiling but economist peter scaife believes that will only make a bad situation worse. but we have to do is stop borrowing all this money you mentioned earlier that one of the problems is that we haven't raised the debt ceiling that's one of the only good things out there that debt ceiling is still there unfortunately they're going to raise it we're going to go deeper into debt which means bigger problems and this is not you know the economists are describing this is a soft patch it's but it's quicksand and the economists who think this is a soft patch these are the same people who in two thousand and seven said the u.s.

economy had never been in better shape they didn't see this crisis coming right never understood the problems of the u.s. economy and they still don't understand them they think that government stimulus made the problems better it did it allowed the problems to get worse. and our very own your president has once again hit the streets this time by asking if it's worth paying for an education when there are no jobs. with today's tough job market if they're worth spending hundreds of thousands of dollars for college education this week let's talk about that how much does college cost in poland and college for free. any this day it costs hundreds of thousands of dollars so from gravity is a problem. i get to khan and young people from all over the world are bought off on it and it needs to stop now i'm not going to say that the government

needs to pay for it but i think young people need to wake up and look around them and say you know it's not an accident that bill gates was so self taught maybe if kids took two or three years before they went to school and had little life experience and then had some purpose to their study might make more sense. what is the we went hundreds of thousands of dollars even at that point i don't think so i live on one year of accounting i took undergraduate. millions of dollars on that one cause which i only paid two hundred dollars for i own a business i hire the best people i can get if you're not if you have a college if you don't have a college education don't even come to my office and apply to what you where did you go to college i went to college in texas and you use what you learned every day absolutely do you think it depends on what field theory and possibly but let me tell you this without an education you just have a whole lot tougher time in life but we're also told that we all have to go otherwise we won't succeed. faster than straight. men are

a choice not to go to uni as you call it a time around if i certainly it's a guy i mean is known to be way out of range and if you go to the top schools thing and you the rich people can afford it why is that don't do you think that would set us back over the long run in terms of what we can produce three d. is. i think if you look around at your economy and the rich are getting richer and the poor are getting poorer in the middle class is falling away people are seeing this in your real estate in the days to new economy i think the american people are suffering the bottom line is that most employers still think a college education is important and ultimately it's their opinion right or wrong that math. oh let's take a look at some other stories from around the world and at least sixteen are going to build in syria during anti-government protests on friday human rights groups say

and it's been one of the bloodiest day he says the revolt broke out eleven weeks ago the city of hama has become the your center for protest with around one hundred thousand people gathering in the streets and calling for president bush on a massive to go government forces have renewed their push from towns as demonstrators demand advanced to the forty year old regime. germany has reported one hundred ninety nine new cases of a deadly infection in the last two days while the death toll from the mysterious i'll break has risen to nine thousand people cases of the disease have now been reported in twelve countries including the k. and the u.s. infecting about two thousand people initially germany wrongly blamed spanish cucumbers as a cause which sparked outrage from madrid due to the devastating impact of the country's fruit and vegetable exports. mexican soldiers have found a large buried stash of weapons thought to have been stockpiled by. cash includes

mortar shells sold in stock rifles thousands of rifle magazines and even two bowls hideout was discovered near a ranch for the northern state currently at the center of a cartel war. greece is set to receive the latest chunk of its multi billion euro bailout rescue package after european officials said the country met. requirements however speculations mouthing it will need more money than first thought that's likely to be met with strong opposition to hold where greek society raged by the of stary measures and massive privatization program greece is not the only eurozone country struggling to stay afloat raising questions about the survival of the single currency so can the euro ride out the debt crisis and as its very existence worth the effort to find out he's crossed up later today the answer is. i think you should not think so much in

terms of either with countries but more in terms of the political elite. of citizens sort of course the political elite of france and germany and greece warned the euro to continue and of course also the banking system that the drone banking system the french became system a test lent to. bring since the greek government. for drama consumers this is another it and picks because this is not a very good beer with the in market. they could import cheap or auto companies could import natural resources cheaper they could be patient cheaper and we we scored by location houses much cheaper. so they are now losing and it will be better to pray for the difference in the conflicts in these terms the political elite and bankers versus the common folk space and consumers.

i recap of our top stories in several minutes coming your way. through the wood.

think. they are killing us. allies in the cause that they supply some that's never and said. mom a song from the skull spoke with me i think of it every day. the flashbacks from the memories. i saw my soul a long time a serious crime. i was ashamed. i was ashamed that i didn't. i was ashamed that i had been a hero why i got my arm i got my legs i'm a lot. of them in my. heart i wanted to be our nominee i was a boy. scout believe what i was going on once or i think. that i was a good soldier. but namo soldier on the other side and i think i'm just as good.

as the close up team has been to build a brand reach thank you for the string point i'm looking forward to. this time archie goes to the region where half of the area is occupied by a nature preserve. where the young generation transition their ancestors. and where the mysterious city of a deadlock come to the republic of. russia close on our cheek. wealthy british style seinfeld's. on. the. markets.