crisis to fight against the crisis it reacts very late and the other hand once the government. what to do. the government it's not doing its job properly look at what in the nodal of the people to wake up otherwise we'll just become slaves to the system who want to be treated as humans and they believe they can make a difference imo the government has to change things because they don't have a choice. with greece in shambles and neighboring portugal trashed by the rating agencies spain is facing not just a financial but a deepening social crisis members of the so-called indignant marches say they want their dignity preserved but whether their calls will be heard is another issue even with those kartini madrid. there's more bad news for greece as well its credit

score has dropped to just one notch above defaults following last week's second bailout package ratings giant moody's says rejecting the debt implies substantial losses to private investors financial journalist johan of an overdeveloped says that the rescue package is nothing more than banks paying money to other things we're bailing out the banks and we wouldn't be that soft i presume with greece if there wasn't the problem of the french and the german banks not only of these two countries but of course they are the major players in this if they were in that vulnerable to the greek situation and beat we're throwing money at the banks through greece this package will certainly not help the greek economy the greek economy needs growth and since you're in the midst of a very bad recession you're blige a country to cut spending to increase taxes then throwing some money at it is not the solution greece is now. effectively default because if you calculate on the net

present value what the private bond holders will given you amount to a value reduction of you come to a value reduction over around twenty percent in europe we don't have a political union and we don't we certainly don't have flexible labor market so from the beginning. there were huge weaknesses in the whole construct of the monetary union in europe and my big surprise is that it has lasted ten years before through this kind of crises these weaknesses came to the surface. but meantime on the other side of the ocean american politicians are still tussling over how to raise the country's debt ceiling while republicans and democrats argue secretary of state hillary clinton has been trying to calm nervous asian investors that they will meet next week's deadline but economic analyst martin heche says it's already too late. united states is essentially bankrupt in any case if they increase the

debt ceiling actually as the chinese rating agency dugong has been saying even if they find an agreement and increase the debt ceiling is going to be as a result more dead so the u.s. has thirteen point five trillion of debt and that's just the nomination of their budget it's not even the fiscal gap including all the unfunded liabilities that the united states government actually keeps of the books and if you include this figure re a looking at two hundred trillion us dollar of it's absolutely beyond control and all timidly it appears that the united states will be facing a sovereign debt crisis very much along the lines of the so-called pigs the european periphery as well also the other european supposedly stronger countries so v.a. expect a major major sovereign debt crisis from the major western countries and we suggest that the investor should stay out of that region and look for a look for gold sort of a commodity is to to help protect against what's going to come there's

a lot of talk always in the rest of are the dangers of china china's military growing and how much of a risk this poses to asia and the rest of the go but if you're looking at how much the united states is spending on military versus china it's totally disproportionate the u.s. is spending a lot more the only difference is the u.s. is doing that is borrowed money and they can't afford it so we have to end. i know there's more on where the money is going into a few minutes here on r.t. germany the deep if there were rockets once again this time it's bankrolling libyan rebels with millions of euros look at what berlin wants in return. but leave all fix from the pharmacy to reports on the russian addicts painfully killing themselves with a drugstore cocktail because it's cheaper than heroin. the king of norway has deeply moving a minute of silence for the ninety three victims killed in friday's twin attacks the scandinavian country has been shaken by the bombing of government buildings in

oslo and the massacre an island youth camp tragedy has also touched the royal family the crown princess of norway's step brother was one of the first victims gunned down at the man who's admitted both a prostitute is appearing in a closed court hearing to explain his actions thirty two year old anders breivik has already said the killings were gruesome but necessary investigative journalist attorney gosling believes there's a new kind of terrorism on the rise. anders breivik thought he was some kind of teutonic knights from medieval times because he's echoing the kind of crusader attitude that it's a very strange version of christianity that he. is he says he's a christian i don't think he is maybe the same kind of strange version of christianity that bush and blair have been coming out with over the last ten years or so so i think that this is actually the tip of an iceberg is actually quite a lot of this neo nazi activity out there and now i think the antiterrorist or

thought he's right across the world we're going to have to take this brand of terrorism much more seriously and particularly worrying is that he was a freemason and but even as declared that he was a freemason i would imagine that the norwegian police are now going to be talking to all the other members of any masonic lodges that he was in because this seems to be the place where this kind of. christian rather nasty racist ideology was cooked up i would also add that it was interesting the police said they never come across him before the norwegian police but i wonder very much i wonder if the secret service in norway has been watching him because it was very strange that when he was first arrested on friday the police actually called out his name to him now it was very i would be amazed if they would have actually known as they first approached him what his name was i would have thought that from the arrest point that's where the investigation would have started from well anders breivik claimed that he wanted a change in society apparently referring to the country's large muslim population

but social expose i think the tragedy might now force norwegians to reconsider their immigration policies. i think what this did is it really highlighted the immigrant i don't want to call it a problem i want to call it you know immigrant reality there is a huge influx of immigrants coming into norway and you're oddly you know most of the buffalo most of the norwegians probably didn't know that i'll post twenty five percent immigrant who are arriving they know a lot more of those statistics now i think you're going to be you know people saying well gosh this guy was created lunatic but we have another pretty serious problem to the prime minister was this that the labor party generally did a great job you know comforting the nation those twenty four hours were haptic they were you know terrifying they did a great job comforting the nation here's the issue with people hearing more a great word with the labor party going to have to do in norway is you know i don't think that the extent concern to people who are nervous about the immigrant

population you know a whole lot of them of the more extreme groups you know and least extreme views if that makes sense and adopt them into their own platform and say look you know the average jokey voter we understand your concerns about this issue but we think norway painted a great interaction here is why so instead of me energy and you know governing through fear they have to adopt some of those you know who are sort of jingoistic policies but also to present you know a more positive view of norway or ward. so public policy expert margaret bugger if they're talking to us from chicago. germany is lending at libyan rebels one hundred million euros despite staying out of nato as bombing campaign against the gadhafi regime says the loan is for quote civilian and humanitarian purposes the germans abstained from a u.n. vote on a military intervention in march but chancellor angela merkel has since expressed hope that the nato mission succeeds well in the meantime recognizes the

transitional national council as libya's legitimate government loan comes as the rebels await access to billions of dollars of assets that are frozen in offshore banks german government consultant christophe hostile things well and has a vested interest in cashing in on the war it is really a big question of what this money is being used for first of all who controls that then next has nato ever cared for the civilian population in libya i don't think so a group of countries bombing libya and using uranium weapons of course is a group of countries not caring for the civilian population abstaining just being neutral in this case of course was that enough because nato is youth the security resolution is a free hand to do just anything they want in effect they are fighting on the side of the rebels they're fighting the libyan government nobody knows when nato will decide to you know protect some civil populations and then kill the government more

than twenty billion dollars in this money is going to be used to. help the rebels but of course that is in a way totally illegal you can't just take money away from from governments and give it to rebels germany wants a piece of the cake to be to be clear germany wants to maintain its fifteen percent of the libyan oil as a percentage of the total oil imports of germany. with the light from moscow now in the shadow of nine eleven the u.s. embarked on a mission to root out terrorists but it led to a network of secret prisons and seizing suspects often without much evidence after years of torment many of those accused have since been released later this hour here on odyssey we hear from one former inmate and the brutality that he and you. i saw many people got killed in combat so. i was one of those who survived those kind of closure on myself they used electroshocks because i will not

sign papers and. i was forced to agree that i may be a member. and i was. even really i didn't know at the time what used to be when they are. gone i said i'm not a member of them and they brought me papers forced me to sign i refused and that. they forced me to admit to making. electroshocks and other times the force of the water treatment it's normally on the water boarding and all the time they hang on chains i had chains on my hands and i was hanging on the ceiling there was pulling me on the ceiling with a chain and into my feet used to be over the floor and i had no clothes on so i was hanging real for many days when the interrogator came he pulled me back down and he

going to sign on every time when i said no he just made it like this and they pulled me back up. and you can actually watch the interview in just over an hour's time here and see what you can catch i suppose right now online at r.t. dot com also many other stories we're covering for you today let's have an update on the items are standing by for you right now america's. in iraq the troops are. being replaced by private contractors ensuring the u.s. and grip remains. over the prime minister as these. display their devotion to vladimir putin's love. you'll be able to see. the first time young women have shown such support by shutting their hearts.

is he. the official. from the. video. feed with the palm of your. question on the. you with r t live from moscow now divers have recovered all of

the bodies from the russian a pleasure boat that sank in the volga river two weeks ago and out of the two hundred one people on board the ship one hundred twenty two were killed the bulgaria has been raised from the riverbed and has been towed to shallow waters where investigators can piece together the ship's final moments to discover how it all went down it will then be destroyed so that no part of it can ever be used again the bulgaria went down in just three minutes only seventy nine people managed to escape the captains of two vessels meantime that sailed by the sinking ship face criminal charges for passing by without stopping to help. and after some other world news for you if you're a nazi five afghan children have been injured in an attack by a british apache helicopter they were working in a field in helmand province on saturday where u.k. forces were targeting an insurgent on a motorcycle nearby the injuries are not thought to be life threatening almost

fifteen hundred civilians have been killed this year which is already the deadliest since the war started in two thousand and one. the last a fugitive sort by the balkan war crimes tribunal is about to appear in the hague or that's later on monday. faces fourteen charges including crimes against humanity for mass murder and torture during the conflict between croatia and yugoslavia in the early ninety's the fifty two year old was on the run for seven years before being arrested just last week. the syrian government's adopted a law to allow political parties other than the ruling ba'ath party opposition groups have been banned for almost half a century a multi-party political system is a key demand of the anti-government protesters who've been staging a four month uprising the army though is still coming down hard on dissent against the regime detaining schools of people in the capital and. the new york hotel maid who accuses the former i.m.f.

chief of sex. assaulting her has gone public. has told newsweek magazine that she's telling the truth about the attack in may and wants to see dominic strauss kahn behind bars parties the authorities are considering whether to drop the charges against him amid doubts over her credibility trust can still denies all the charges are true. while heroin addicts in russia are turning to a cheaper deadly alternative and it seemed greedy and all too easy to get ahold of the drug cocktail known as crocodile and its main element is the painkiller coating which now the government wants to restrict sales of you've got a national reports on the lethal narcotics increasing use and you may find some of the images disturbing. they call that crocodile because it's uses skin turned scaly before it falls off virtually unknown ten years ago it's a mixture of spiritual solvents phosphorous and most importantly cheap medicines containing the pink. it's now become rich the second most popular drug of the

heroin which is the cheaper more easily available alternative injecting this lethal cocktail rock he uses flourish in months most do it wouldn't three years i've been to be using it for two months i wish i never started taking it the government's come up with a simple solution for now i can still buy coding containing drugs off the shelf but from next year onwards i'll need a prescription to do that statistics show that nearly half of russians use these drugs on a regular basis the vast majority of them for completely legitimate reasons so in their fight against drugs is the government going too far as of throwing the baby out with the bathwater. coding is sold over the counter in most western countries but its sales have doubled in russia in five years and many say this is not a coincidence i think it was a mistake to start selling coding without a prescription in the first place by making it the most easily available opiate

it's warm this problem yet expert opinion has been divided some believe that this doesn't do enough to tackle the social cause of addiction and punishes innocent consumers. there is no efficient system in the country for issuing prescriptions so the people who will suffer for the ordinary pensioners and housewives who need those medicines. but drugs then in the moscow suburbs we came here to ask what the users themselves think about the new law. i don't believe it would change anything those who want to take drugs will take drugs we will buy them from the right pharmacies and if we don't get them to use something else we will always have something to inject either of nerve r.t. moscow already know just a few minutes here about the hunters making a big buck by changing tack in the u.s. but first though it's coming up with the business to stay with us.

her welcome to our business. italy's second largest utility at edison has renegotiated the pricing of its long term gas contracts with russia they are telling the company says it might be able to save up to two hundred eighty million dollars industry analysts believe the agreement could have a wider impact on other european operators many of them are seeking to renegotiate a long term gas contract with suppliers from russia algeria. the rush is resuming vegetable imports from italy in hungary in the past few weeks russia's consumer watchdog has also lifted consider restrictions on eight other e.u. nations including france belgium and the netherlands the ban on e.u. badge was imposed early in june after a deadly outbreak of e. coli in germany. the u.s. lawmakers are racing against the clock to forge a deficit reduction deal between what would clear the way for congress to raise the

fourteen point three trillion dollar debt ceiling if the talks get struck the u.s. may suffer a damaging default but this could spur demand for u.s. bonds as the chief economist at bear bank explains. one of a high probability as a result of the default in there. is a new demand for united states dangerous because you is treasuries each is the largest market for low risk that sue even if you increase. right you basically increase the risk of all the overall system you will see many institutions we try to require and by law do increase the number. of us it's in the park. let's take a look at the markets now all is declining for the first time in five days concerning a failure to reach a deal on raising the u.s. debt ceiling may cause the biggest consumer of crude to befall both like sweden

brands are losing gold prices have surged to record highs as investors are seeking safe heaven amid debt jitters on global exchanges gold is trading at one thousand six hundred sixteen dollars per ounce and silver at more than forty dollars. and in europe bank stocks leave markets lower the looming deadline to raise the u.s. debt ceiling and also a further downgrade of greece's rating for that market strong extending a four session winning streak barclay's dropping three and a half percent in london a pretty that we call down two point three percent in paris here in russia stocks sank by their most in a week from isaac's is down point nine percent or so and the r.t.s. is down nearly half a percent all stocks are down on a declining crude sort of financial stocks with spare bank losing one and a half percent telecom is slightly better than the markets the stock fluctuating on its own the past couple of weeks signori market trends only metal is down almost three percent as the gold mine is up three percent as the gold mine enjoys yet

another record high price for gold. now ahead of a new trading week mark rubenstein from metropole give some names for investors to park their cash. having seen strong commodity prices i don't expect that to change in the near future. i think gas from now. is a very interesting name in the fall and a correction in the past two weeks and with their oil prices back where they had been i think gas promising even room to run without a name we're alike short term and meter armies are b two b. i think this is a variance opportunity right now and it has had a run up fall in their government funds really or given to the bank of moscow and but i think it's going to continue it's still trades at about twenty five percent below it's been a bank. receive its grain output for two thousand and eleven to almost ninety

million tons from the previous eighty five million export forecast is also jumped by three million to eighteen million for the year this is after the country lifted its ban at the beginning of the month by president of the country's grain union says exports in july could amount to one point nine million tonnes but he says fears around the globe are quote a critic. the latest data from the u.s.d.a. shows that they have reduced the forecast for green in a week reserves all these factors don't make the situation critical yet but with experts for cost of the twenty thirty or forty percent drop due to droughts we're only seeing a seventy eight percent drop which is not critical for the global markets that's a business update for this hour but remember you can always check the most always on a website r.t. dot com. to.

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if you're followed up on my doubt no better than those. are sort of a throwback and a market part of our long. and it goes back to a time when people would lie down in their forces in the wild west and pick up these future days important to mention the sheriff from prosecution the old female old people told me when they go out there is come when. you have to hope that nothing bad. loans. were chasing killers and you gotta keep that in mind others a two million dollar bill please the rest. were not superheroes we can be killed too you know in the head i'm going to die. once you put it in you know never go back to hide anything else.

download the official location. touch from the top story. life on the go. video on demand. gold coast's an r.s.s. feeds now in the palm of your. question on the dot com. wealthy british. holds the time to write.

for the. markets why not scandals. find out what's really happening to the global economy cause a report on our. welcome back here without your life from moscow recapping our top stories thousands of spanish demonstrators all venting their fury in madrid over soaring unemployment and the government's handling of the struggling economy protestors accuse the leaders of being dictated to by brussels on the i.m.f. instead of focusing on the people's. across the atlantic americas rushing to reassure its none of us investors that account. even though the president legislators continue to squabble over how to lift the fourteen trillion dollar debt

. to remember the victims of friday's terrorist attacks the country's worst atrocities since the second world the man who's admitted. to explain his actions. well bounty hunters have been around for centuries but even having to adapt to changing times special report we discover. nowadays. but but by the rest all times of the weapon ok he would be on the stomach and then i got the weapon ok that's one now that was left handed i had to be prepared for either hand if it was his right hand right hand saying thing if it's his right hand ok i push i grab. this is

a very special school in sacramento. it takes just a few hours to train people into bounty hunters. what i'm wearing right now is exactly where i work in the streets if you instructor is a native american. his area of expertise is bounty hunting people are going to be taking. this weekend. on sunday to get a. closer. anybody can take part in this training assume these freshly trained will be scattered throughout the city on the trail of fugitives. in southern california who i trained in. the streets. and we also have. a mine who has taken this in the past.