i mean the american president seems to be more worried about the war which t.v. stars divorcing which t.v. star more than anything you know so we on our team will get right down to it with lots of fun founder jim rogers will talk about everything from u.s. debt to the prospect of q e three china and more. build or brewer gets the elite group said to perhaps carve out the world and once again their meeting and new on the attendance list this year the mainstream media so what's it all about we'll speak with our teams laura and i for an on the ground look plus we'll try to peek at what's on the agenda behind those closed doors. and introducing the newest russian voice in america coming to airwaves near you will give you

a behind the scenes look at the voice of russia america. good evening it's thursday june ninth i'm lauren lyster coming to you from here in washington d.c. you're watching our t.v. now as the u.s. government remains deadlocked over the budget and the debt the credit ratings agency fitch is that of u.s. lawmakers can't agree to raise the debt ceiling this could endanger the nation's aaa credit rating if this sounds familiar it's because this now means all three credit rating agencies have come out with warnings over the u.s. debt debate now as lawmakers grapple with where to cut spending with social programs on the chopping block a new poll actually shows that more americans blame the debt on the nation's wars and the federal reserve's role trying to pump up the economy with more cash is set to expire at the end of business so what does this all mean for the u.s.

economy not to mention the global economy to help us i spoke earlier with renowned investor jim rogers i asked him if u.s. lawmakers should be concerned that three credit rating agencies now are warning about the debt here was his response one of the. rating agencies doing america's already bankrupt the idea that there's still pay you think it's a aaa credit and they may lower it is just absurd these low rating agencies have been wrong about nearly everything for the past ten to fifteen years don't pay any attention to them the u.s. is in terrible trouble congressman should be worried about that not what the rating agencies are saying what should us congress do about the debt ceiling should they raise that or should they just not worry too much about defaulting they should cut spending dramatically they should take an axe and a chainsaw they should take a chainsaw and cut spending america's going down the tubes we're the largest debtor nation in the history of the world lauren this is a very serious thing that's going on a rug as it were just watching ourselves sink into the sea now one thing i want to

ask you know you say cut spending this is something we see lawmakers going back and forth about where to cut and we see medicare being on the chopping block if all that i just saw that i think it's pretty interesting shows that sixty percent of americans blame the national debt and the worth of the united states as in any iraq in afghanistan and not as much on domestic spending and on tax cuts i want to know what you think needs to be cut do you think that the u.s. needs to take back to defense spending big time. of course we do lauren we have troops and over one hundred twenty five countries around the world and i doing this in the good they're just making in a mess all over the world we should cut defense spending was a chain so too but we that's not going to do enough lauren we definitely have to cut this the fence spending but we've got to cut everything i mean this cannot go on much longer what will happen if the u.s. government officials if congress doesn't get it together to come to agreement on

cutting down the debt and raising the debt ceiling. well sooner or later and probably sooner within the next couple of years you're going to see people just stop buying u.s. government bonds are going to stop lending money to the united states you're going to see interest rates go a lot higher you're going to see turmoil in the currency markets you're going to see term more than all financial markets and therefore real markets you know shops companies factories everything are going to be affected what about near term you know china is something that you know quite a lot about and they're saying that the u.s. is playing with fire if you default on its debts china holds obviously a huge amount of u.s. treasuries that the u.s. is the largest foreign creditor they want to share it but they are in faith hands does the u.s. so that that china lauren wouldn't you if you were the largest creditor i mean if you if your brother in law if it was go wherever it was if it's your sister your mother you would want to assure us is true i would too i wouldn't lend any money to the united states government and i'm going to merican citizen of course not i mean

america is in serious trouble other people are starting to catch your own lord it's not just you and me in the in the rating agencies other people are catching on to china russia india brazil everybody is saying hey what's wrong with you people you've got to shape up and we do do you think that these countries will actually stop buying u.s. debt. yes virtually they're already starting to cut back as you probably know the chinese and koreans and some other countries are lending less to the u.s. now than they did before and eventually they'll just all flat out know one of the things that is a real issue and a sticking point also between countries like china and the united states has been the u.s. policy the federal reserve policy i should really say of quantitative easing they had the second round of bond buybacks which is now scheduled to end at the end of this month ben bernanke you spoke earlier this week made it sound like there wouldn't be another quantitative easing program i want to know what you think is

going to happen and also what will be the effects if there isn't more quantitative easing on the financial system globally. or and yes they will stuck to it too because they've said it so many times they have to but then when things start getting worse again you're going to see them come back with q e three they may not call it that but it may discuss it they may call it cupcakes who knows what they'll call it for this coming back so keep your eyes out for cut cakes that was renowned investor jim rogers now this is something that brings together public and private leaders from the united states and all other not all other but other world democracies but it's for a secret meeting an informal meeting and credit activists alike have alleged it is anything but democratic it's called the builder group and the european union and the euro currency were reported to be its brainchild now this group is made up of heads of global companies also big banks together with heads of state and leaders

and leaders of nato and they're getting together now for their children for group meeting in a swiss resort town of st moritz and our chancellor and it is there and i asked earlier about the invite list and if we know anything about the agenda this year here's what she said we need to know that we would. need outside allies big help once the coming out wrong thing. begin because the people and by a bit of a cynical laugh when they really think that who is who is they decide to put it i didn't cause this problem but people who have been there the call made everybody change. that multinational corporation we know that. microsoft we couldn't be we know. who you are but they had a big there was going on for the whole. job with talks with. the ones lesson that we have. but that he usually is implemented on

a script but with you on a bill in new york. but i think they would tell us about. being out of the. no cost. to open it and apparently will never be invoiced again is how this guy works and he will screw up your post is going to be all here and again we you know there's no. deal but there are all. the bills but this one is the . talk we go to yet he says just because the appendix he said the bills both with that will actually choose who be this new head of the guy who will take his place in action much on one of the things that was done we all may have been the who don't you regret the hour it's raining on the southwest is it of course. there is that with saying at the moment but we're going to talk or what they want is a long look the wolf in the bit late to two who has just read the paper it's

not going but jim says that the book is really worried because being a left wing groups in the us congress who are dubious about the what they can do it will be other things with this kind of stuff. and as you mentioned there are a lot of things that are discussed at these meetings that are believed to turn into tall a-c. and not lead you know some critics to say that this is global elites getting together to carve up the world without any press there and without any accountability and maybe in some cases breaking their own country's laws but over the years it has been attracted much mainstream press you of course have been covering it you were covering it last year i'm curious because i have read some reports that it has attracted some more mainstream press this year is that accurate and what is the situation with the press attention here on the ground there well it's interesting actually going we would have to do it it was very close to me to

attention with very low keyed actually i didn't see any of this on let's i do think but it was rainy weather here but i felt the way back but it felt that way and the security. it's also quite like no outside of their urine but you could pass outside of your supposed. that which is at least a kilometer away from the well where the people go back and read the bills when it's taking place but. it was a good omen. but i don't believe that there is any when when you get excited but less than it was well yeah that has been quite honestly media particularly because switzerland has taken are under siege i'm new product and a lot of media has been saying the buzz is that. everything we've. had in a big campaign in the press will be. there that we are changing. they

should be coming all the way head from where it is it's quite isolated it's brought it right. there. is able to. come in from the right. place it's the opposite but i meant with this program for so many but i do you have made. the point of saying that you think henry just should be arrested but. interesting i did read that report i'm sure if you mention that some protesters are expected to be there i'm curious what you've seen so far if there are protesters yet if it compares to last year how it compares and where they're from a foreign country there are several processes already have i played i think not a great number the state is quite. a big sweep as you say the group of processes you have always been not going to need to take on a trial with a big coup bill because taking them. out to dry and the little mini by the council

with a great deal in the way people what does it take this time to go out. and build buckwheat wherever they are i think most and possibly in a. mortal. but with all of us just as we are going to be that's a day that when that perspective they should live on to be with a group we are. organized. certainly the people involved don't just like to read the study bible because they are right there is fossil energy you just make a big deal out if you if you were so concerned but not that started that with any any and maleficent perhaps the diversion to some purpose sounding in such a remote resort town. you know i wouldn't necessarily say that our know that they have a reputation we're going to do right by placement and you need that and so i say that but also i think you can both get was he is all of the balls and. yet i

mean you talk about replacing one thing to me but one thing. is yes i think the right way and really quickly we know that some of the attention from protesters and from journalists and covering it is that as you mentioned it's believed that these are not very democratic process having these closed doors meetings we know that there are reports that the euro and the e.u. and itself are brainchild and builder berg are there any other real. real evidence that people cite that really draws them to pay attention to them of what happened a culture going the past oh i think you know yes it is but i'd like to put it bluntly you can say and beneath and you like bill but you know that i would just let this be the great. that the most i have the chance to cull i think that's you know you should that they did look really put in motion and they're trying to pull the financial crisis is that what

you just. the biggest piece that. there is is that when i was with the bills but often it was not you know. like the off that they came up with that's where you know i think you're going to you know i think european tyrant people like that that if they are wealthy scheme behind those months you'll see you just evidence will rule the bosses. will. meet get it did you think that then of course they have but democratically elected governments and who's. right is a really good point that you make and you're going to see if anything comes out of those closed door meetings an escape. out of that resort on to the streets of st morass that was our chief correspondent laura abbott on the ground in switzerland with that report analysis outside of the closed doors of builder granges from those who believe it's a talk shop to those who believe this is a global elite needing to cover up the world joining us now from montreal to help

us assess just what to make of these private meetings andrew gavin marshall from the center for research and globalization thanks so much for being with us and are now the latest kind of mainstream excuse for builders are good that these days the media is so invasive that it's really important that leaders of the world and of industry can get together and talk about things without being quoted is that valid fair or unfair how do you read that. the media is. fairly good at the media to invade. in the idea that you shouldn't. going to open discussion among democratic leaders in the democratic country where they able to go industrialism being. king and so it's in secret without anybody knowing that's no democracy. so the idea that

that meeting should remain. in the media should. document that meeting. or anything that we shouldn't have democracy if you believe that argument then you don't believe in doing ok along those lines some would argue that you know when there is making a law that's going to go into effect these people have to go back to their country and then go through a democratic process and if this is a talk shop do you have evidence to refute that. well the former nato secretary general really clay's last year in twenty and sold belgian radio and he had penned several builders meeting every nato secretary general. at each meeting they were given a. piece of paper documents eventually for basic policies and ideas that they are expected to implement in their respective countries in their respective institutions. but it's optional and. it leads from north america

and western europe it's about establishing consensus and coordination so it's not that there's somebody at building for example a president this is the way it is and this is what you can do and you can they discuss they even disagree with the aims to sensually a consensus and you coordinate with the nato countries and then they are expected to go home and implement the coordination. and there are certain decisions that are made. in regards to or for example in two thousand and two those are good meetings and. there will not be in iraq we're in two thousand two it'll be in march of two thousand sure and that's with the. we also select the head of the i.m.f. and world bank and world trade organization so that's one key decision that we'll see in this upcoming but how is that how is that no how is that discovered idea from the official document that we find that the department calling for days later

is how is it now. well there's been some relief that have come out the investigative journalists have sources inside. and they've been proven to be correct so if they for example ask when meeting they say this is the person who's going. to do. and as far as we know it's idle speculation until of course they are as effective as kind of. and generally i think i mean politicians will go a little bird meeting we don't know that they are selected to become. prime minister for example and so everything minister has attended a billboard meeting before becoming prime minister now does that mean that they are selected to be prime minister to build a bridge maybe not necessarily but it certainly doesn't hurt their career. there also. the documents for example the nine hundred fifty five meeting thank you meeting they discussed the european currency european union and two thousand and

nine the chairman of the deliberate. so the european media in fact the euro was discussed and debated at the border and those are kind of some of the most famous examples you cited so my question to you is there evidence that officials are breaking the law for example in their own country in the us under the logan act it is a legal for us at them to negotiate with a foreign national with a foreign nation rather on the usa at bat is there any indication that that's going on. well absolutely i mean that's the nature of the media so and i believe there is actually. some officials charged with violating the law and being deliberate. even in that eventuality the end of just. which is ultimately coming up with congress. in the law at the end. there and or they're

even a gallon and so there's nothing really done about it question of legality i think are secondary. right. ok and really quickly got to clarify are you saying that tac paris but the bill for these officials to go here. for whatever country meetings. if somebody is charged in violation of the u.s. for example and that's. got it and then really quickly i want to find out there are some reports that there is more mainstream media attention being paid to this on the ground there this year our reporter that was there said she really hasn't seen that too much yet aside from sense with the press but i'm curious what your take is on that and if you think that the sign if you do believe there's more mainstream media attention that people are beginning to believe and see this as more of an important political event. well the very fact that i'm not. you know there is

increased media attention on the events and that's very important and then you continue and it's dollars and frankly there hasn't been enough. members of the little bit were able to deny its existence altogether and last year for the prisoner and there was a breakthrough actually created an official web site admitting their. membership steering committee information and information. thirty little information but nonetheless they have an official website and that's sort of an attempt to try to mitigate the increased media coverage which should continue to be one hoping that this is something that will be the trend well we are certainly covering it here we appreciate you for your insight who knows maybe in the years to come you will be inside boulder bergen see exactly what's going on it if it doesn't back open a little bit more that was after gavin marshall from the center for research on globalization speaking of media the voice of russia radio as announcing the launch

of two u.s. stations in new york and in washington d.c. now the new stations will air live programming with the russian perspective on international news culture arts and events and the state has marked the first time v.o.r. will produce programming directly from the united states rather than broadcasting the news from the moscow based radio program r.t. is guy interested can fill us in all about it. welcome to voice of russia in washington i'm just going jordan time now five o'clock in d.c. and one in moscow they launched with the motto the more voices the better the voice of russia eighteen in washington reports on international and u.s. news just like any other news radio station they say what makes them different is their efforts to bring up what's being left out by the u.s. mainstream media when you consider american for us foreign policy has just facts around the world i would say we are not hearing enough of people from people around

the world you know other than the americans and the people who are making the policy the need for more voices in the media was up for discussion at this panel in washington titled gateway to understanding it's facing an international environment that quite frankly the united states has never faced in one hundred years that it's been a great power so the great deal of soul searching going on in this country right now can we use and are we open to voices from outside i think absolutely yes many analysts say there is stick my guess the russian media something that voice of russia will have to fight through to become a credible source of information for the american audience and you have to work with perceptions which are still existing and i think even more it is important that you raise your voice and try to get people to think differently about russia in so far i think this is extremely important to do it for years during the soviet union a voice of america funded by washington had been a source of alternative information for millions of russians now in modern russia

it sees its mission as being little different to what it was during the cold war the lack of the truly alternative voice of the media has had serious consequences for development for the democrat ization of the russian society in my opinion and it is sheer the voice of the media council to play feeling an important vacuum voice of russia seems to be seeking to fill a similar information. came that many see in the u.s. media basically a lot of american media they will ask a democrat and a republican in the same question and then call it a day i mean that's that's of them is what is what getting both sides is we've got a member it's not just the both sides and certainly not just those two sides we're just it's not about truth or a law it's about perspectives and i strongly believe that the american audience will only when from the variety of priest. the radio audience in america is growing and with the big win for more voices and more perspectives and it seems a certainty that in the wake of the voice of russia all the foreign stations will

be launched and the ones who really benefit from the media are always the viewers and the listeners i'm going to check our reporting from washington r.t. . now speaking about perspective and also stigma as we just heard in that last report welcome back to the war on r t this is where we give ourselves a chance to respond to some of the criticism directed against us that we don't think is merited now one of the accusations made against r.t. is that it is anti american and some of that his. this interview on n.p.r. where were the interviewee from global media wars said that r.t. has an extremely confrontational stance when it comes to the u.s. kind of alleging that the channel has an anti-american agenda in this interview on n.p.r. and this is also a very popular criticism on the blogosphere here are some examples that r.t. is dripping with anti-american quis then and to that it fits right into the

anti-american propaganda line of russia today citing citing an event and another said that russia today is a virally you're only how to pronounce that word anti-american propaganda channel every bit as dangerous as prague or the tast new news agency during the cold war so first we just want to ask what does it mean to be anti-american and we're certainly not anti american people i mean unless you consider covering the labor and economic struggles that the mainstream media doesn't really cover being anti-american people and is that anti american policy or status quo i mean for that matter along those lines was martin luther king jr anti-american or anyone else who is question the status quo throughout history. are we are anti-american to question the state of the economy or to question the official rhetoric of politicians for example that the economy is getting better even though unemployment is going up or to question

the constitutionality of say the patriot act or the president being able to assassinate citizens abroad i mean do americans deserve to at least have those questions asked or try to get answered or to question the motives and the goals for wars the united states is involved in which taxpayers are footing the bill for during a debt crisis when military spending in the u.s. is the largest in the world not to mention when people are losing their lives at an increasing pace let's take that war for an example let's look at a sniff it of some of the questions about wars the u.s. wars that we've asked for on our team. is it worth killing one hundred afghan civilians for the life of one american soldier. that's difficult to prove to a question that says that some lives were the other lives maybe aren't who were they but i think all of us have to recognize that eight hundred fifty are going children to agree single day the details do remain murky what is this effort going to cost american taxpayers what does victory and libya actually look like now we

were obviously quick to get in but could anyone at the white house or on the hill explain exactly how and more importantly when we're going to get out we hear from the pentagon that you the u.s. is continuing to lead airstrikes in libya after the obama administration is trying to had tried to distance itself saying that nato is in charge of this operation should we be surprised or has the u.s. you know obama administration just did a good job of having a p.r. effort i think it's mostly a p.r. effort you know what most of the world knows that nato doesn't do anything without us direction and u.s. management and i do first want to specify that there's a difference between r.t. hosts asking questions and the opinions or analysis of our guests you know we can't stand to speak for other people's opinions you know we ask the questions and those aren't in the same but what i want to get at is is the mainstream media asking the same kind of questions asking tough questions asking challenging questions well let's look at one example i found. it's the american led west attacking

a muslim country that has oil every careful to say it's not the american left west that nato is now fully taking over the operations of. power was used in the beginning but that this is a coalition of both parties love to intervene in other people's business where there are no u.s. interests at stake and where we spend enormous amounts of money at a time when we're nearly bankrupt there doesn't seem to me to be a wise practice of american that's a whole nother story that. to call the u.s. is bankrupt you guys is writing about it deficits yes but the economy and this mission in libya are two separate issues they're not separate issues maybe you're just carrying the water for mr obama and i was on libya but don't forget that a former n.b.c. reporter who was asking these questions about a u.s. war that led to her downfall at the network here's how she recounted it ashley banfield said that the iraq war started to develop and she gave a very controversial speech sent out a cautionary note to all colleagues covering the conflict and chase in the press corps not to wave the banner and.