a landing ceiling because we're telling the chinese right now that we're running a giant ponzi scheme what we're telling them is that if we can't borrow more money we're not going to pay back the money we've already borrowed which means of countries like china decided they don't want to lend us any more money then we're not going to pay him back to my they've already loaned us or we do paid back it's going to be with mine that has very little purchasing power because ben bernanke is going to write off the printing press the sooner the chinese start to stop enabling this phony economy that we have the sooner we as americans can begin to repair the damage and what's going to happen is where the dollar collapses americans are going to see a big reduction in our standards of living and in europe small countries like the republicans slovakia feel their economies being crushed under the weight of the euro currency crisis and bailouts for u.s. own member states needing to be paid for patients like the by camera feeling the pinch as sarah first reports critics then say the rules have changed your membership fading to the up to its promises. they say that charity starts at home

also a vacuum may be one of the poorest countries but with pressure from the e.u. to participate in the second bailout their money could soon be going to greece written on them i'll tell you what joining the euro zone brought responsibilities but not benefits in fact slovakian pensions a significantly lower than days increase people here at this hey michel to tell us they barely cover their food costs with the money they receive we have to now. deal with homelessness we have to reform our pension system our health care system this is not never enough money. that back in two thousand and nine when slovakia joining the year is a it was such high hopes. it was also kind of prestige to be the first one among her hungry and public polish

polish people read about for the one from central europe to be you know in the zero club that the year is saying it seems isn't all it was cracked up to be as we joined the euro zone there was always been treated that was saying but that's of one country liability just this one country in may two thousand turned the rules changed dramatically there is left as of the year a gang may well now be breathing a sigh of relief if it may bring no new year easing countries have felt the benefits slave actual players have been heading to their check out in a bid to escape the year and we come just across the border from the backyard to the czech republic where the superstore outlets doing a been in business more and more people make the regular journey to do their shopping because the prices here would be much cheaper with people now shopping outside the country the evacuees retail revenues have fallen dramatically you know

. high prices mean the tourism industry has been hit hard certainly not the results hopeful when they first joined but every club has its leaders and what they say apparently gays even if they're the ones who got you into trouble in the first place you see be created this is the reason that all the countries in europe on our . home with. the greek bonds are as good as german born so. made it possible for greek to all the world so much money the vacuum may be contributing this time it's left many of those at first so eager to join the euro gang feeling they're now simply being pushed around therof that feeds back in. what france has been warned by the international monetary fund that it needs more cuts to avoid becoming the next victim of the debt crisis the i.m.f. says the country's credit rating could be at risk if austerity measures aren't

taken economics author patrick young police powers tibet up to these problems long ago. the problem is look these aren't things that have just happened suddenly i mean the french budget deficit has been in a deficit the french budget since one thousand nine hundred seventy four i mean these are things that have been going on for thirty or forty years it's absolutely ludicrous untruthfully governments need to stop spending and they need to be very realistic about their budgets and there are fundamental huge problems going all the way through the euro zone and we don't have any leaders who are willing to give us a sustainable solution this is typical of contagion we've been talking about it for weeks we have you know when you get some degree of illness and it goes through the body ultimately you have to decide when to amputate it and the truth is we should have amputated greece from the euro zone long ago we've got the situation at the moment where provincial libraries in northern germany are being closed because the money isn't there because it's being used to fund people in the mediterranean i

think german voters are going to get very angry about that very very soon and i actually think the political will is not there amongst the people to endlessly keep bailing out their saw their neighbors it's going to be a huge problem because ultimately the contagion is going to hit and i really do believe that after last week's events unfortunately we only enjoyed closer to the idea of a total euro melt on. well still to come on the program a dangerous connexions libyan rebels commander killed after his alleged ties to gadhafi regime were called into question. when we take a look at the israeli protests taking inspiration from the arab spring and i'm wondering the netanyahu government. all sore is due to release the results of its investigation into a presidential plane crash in western russia last year polish president lech kaczynski and dozens of the country's political elite were killed in the accident.

joins us live now from. let's see what findings are we likely to see poland's report. well judging by the information which had leaked into the media prior to the publication of this report in full and we understand that your so is expected to confirm the results of the russian investigation which was published earlier this year stating that it was the crew of the presidential plane which crashed in the city of smolensk in russia in april last year which is to blame for the tragic before the tragic plane crash we understand that the report will say that the crew was both very low qualified and the main reason for this plane crash was that the crew refused to to acknowledge the warnings of the traffic air traffic controllers in land in a different airport because of very poor weather conditions in that city we

understand that the country's interior minister has already hinted that the report would be very painful for poland to come to terms with but still this is the result of the polish investigation something which the country has been anticipating for the full full vote for very many months and clearly we are expecting that the report will be published within the next hour or so. alexy remind us what led to the tragedy according to russia's probe into the plane crash and what it provokes such strong criticism from walsall. well after the plane crash on april the ten twenty or twenty ten which killed most of the country's political elite ninety six people including the presidential couple his wife maria when russia started the investigation poland and some parties in the poland nationalist parties including the party of the brother of the former president also kaczynski

were accusing moscow of holding back facts and concealing information and stalling the investigation so these parties demanded that war so should hold its very own investigation at some point of time even prime minister to screw is known to be in very warm ties with moscow he was also criticizing russia for the way it was handling the investigation but still we understand that after the investigation by poland started russia was also taking part in. assisting the polish investigators providing all the needed documents and now this report which is due to be published within just the next several hours is due to be paid to all the speculation as to whether a russian air traffic controllers were to blame for this crash and clearly what we are expecting from this report is that poland will accept its responsibility for the tragic plane crash of april tenth two thousand and ten. thank you for that update. well david who's the operations and safety editor at

flight to global says the reason the investigation continued is because poland was so devastated by the tragedy. the investigation that followed was was almost painfully thorough. i think the the russian investigators knowing how tragic this event was and how highly politically charged it ors they went out of their way to explain the reasons for the facts that they found that they were. usually they used in an unusually large number of words to describe really fairly simple things. i think anticipating that the truth was going to turn out to be very unpalatable which of course it was i can't really see why this investigation is continuing the accident was

a simple one it's a type of accident that followed a mistake of a type which is happened countless times before in aviation history. i think the only reason why it's happening is because this was such a human tragedy such a political tragedy for the polish people that they they they've been they've been given the truth and the truth is unbearable they can't take it now i don't think that the polish investigators think they can pin the blame on anybody else but i do think that they are looking to pins some of the blame on somebody else. well for more on that you can log on to our web site at r.t. dot com where you can find out more about the russian led investigation into the polish plane tragedy also lined up for you online right now discover what f.b.i.

in the region massacre suspect and his bride big nominee. and there's the mercury heads for forty degrees celsius in moscow we see how people throughout the city only dealing with the heat. now arab spring or european style discontent israel is the latest scene of nationwide mass protests dozens of tent cities are appearing across the country as thousands take part in rallies to demand the government provide cheaper housing and lower the cost of living the biggest protest yet centered in turn of move is planned for saturday night but it's only the beginning according to. an executive director of the association for civil rights in israel. what we've seen in recent weeks is an unprecedented wave of demonstrations all over the country unprecedented both in its scope so far the

protest has been very peaceful very targeted and very energetic and it is only the beginning of the process that is now emerging in israel because one of the most interesting aspects of the protests so far it's been its insistence on saying what is wrong with the current reality but at this stage yet not committing to any specific solutions and it's also gradually evolving into including a larger knowledge of the number of palestinian israelis well much of the spout is in the economy actually concentrated i mean surely it was a very jewish quarter that is changing and that is also an essential critical and again very optimistic and very just development in the proudest much of the criticism has been targeted at the prime minister netanyahu but not only him and in fairness it should be said that the policies that have brought israel's economy to where it is are not only the policies of this guy in government this government may

have pushed it to the extreme but this is the doing of much more than the past two years of economic policies. libyan rebels have declared three days of mourning after their military commander in two days aides were killed. eunice was gunned down alice off to be able forty said reportedly of west to tip over his family suspected ties to colonel gadhafi regime this had the as foreign minister before he defected to the rebels at the beginning of the revolution the national transitional council blames the king on darfur supporters and the head of the group responsible exit consequences of those who depend on how deep the commanders allege connections really read that's according to one of the fire is wiser to america's terrorism caucus. the consequences of his. killing could be either short ramification or vaster mitigations if indeed he was only an individual or even

a high ranking official who had relationships with with the gadhafi regime then his killing would be it would be the end of the floor. if it's the other case is he and others inside the council the interim council of the bin ghazi power have been in opposition to another force a militia force it could be other little two opponents it could be the militia of the jihadist or another tribe if the case is deeper than the concern is more serious in the west that there could be more clashes in the future or more tensions within the military camp at a time where the rebel seems to be on the offensive so we're going to wait and see the results of the investigations and most likely the nato command would want to be part of these investigations that heavy blast at a coal mine in ukraine's eastern lugansk region has killed at least sixteen people explosion happened overnight almost a thousand meters below the surface twenty eight miners were underground and ten of

them are still missing it's still not known what caused the blast ukraine's energy minister visited the site of the disaster and these leading the rescue operation. nato's commander in kosovo says the alliance will keep a dollar military presence at the border with serbia to quell possible breaks of violence clashes erupted at one of the two disputed border crossings about two hundred sems through firebombs and sent to customs placed spawn's to support police to take over the crossings blocking exports from the breakaway region when they tell peacekeepers moved in to stop the violence coming under five princess political analysts to examine the have each great says serbs feel they're being treated as an unwanted minority and a student college is there in. trying to they're trying to enforce some unilateral moves in order to change the reality on the ground to change the reality as it was

as it is under un resolution security council resolution twelve forty four of always tell us the session is for public so in other words the serbs or down in kosovo still believe themselves to be part of serbia and they're acting in that capacity now the western states mostly nato states that have recognised course of our treating them as a minority but we must remember that the key to the situation in kosovo is really in nato hands they control militarily the entire province so really whatever happens down there is under their control and it's something that they will tolerate or not tolerate and we must also remember with the burning of the border checkpoint we still don't know who actually did it these were masked men they really could have been any nationality we don't know whether they were serb albanian or french or even american we just still don't know that. there are some

other world headlines for this hour. at least six people were killed when peacekeepers opened fire on al qaeda linked militants sollars capital mogadishu violence broke out as the african union attempted to supply aid to family g.'s but somalia's islamists regard starvation relief efforts as a threat to their authority forty two million somalis are receiving food and water in militant controlled areas. the u.s. and north korean diplomats met for several hours in new york for the first time since two thousand and nine both sides expressed satisfaction of the talks describing them as serious and businesslike held in a good atmosphere meeting which will continue on friday is aimed at reviving stalled six party negotiations in the north's nuclear program tensions have been escalating on the korean peninsula since the sinking of a south korean naval vessel by the north march last year. clashes between thousands of homeless people and nice rep to the north in argentina

at least three people were reportedly killed with dozens of others wounded skirmishes broke out after the protesters occupied land belonging to a sugar refinery demanding somewhere to live or rather to build. such seizures aren't rare in argentina as property stricken groups often use extreme measures to get financial aid. but as well and president hugo chavez insists he has finally overcome cancer remain in power for two more decades announcement came amid massa liberations for the leaders fifty seventh birthday in front of his palace in the capital caracas chavez saluted the crowd of supporters saying he'll live for another fifty seven years he did however warn he'll soon lose his head as a result of chemotherapy. now researching the sun that could save lives on earth many scientists believe bursts of so their activity contribute to

that chill disasters on our planet but until now the star has been too difficult to reach or explore in any detail of her face going off met some russian researches who think they have the solution. volcanic eruptions. earthquakes. tsunamis. apocalyptic pictures like these are becoming an ordinary part of news bulletins across the globe and scientists aren't giving out reassuring forecasts. unfortunately we're expecting more severe capitalism's which may lead to large scale human losses and destruction i'm talking about even a possible shift of the centers of our entire civilization. the change in the earth cease making activity coincides with the rise of activity on the sun scientists have been witnessing gigantic bursts of plasma on its surface and say they are affecting our planet even though it's over ninety million miles away each burst

sends billions of particles into space which impact the earth's magnetic field this may trigger some of the processes going on deep below its surface leading to earthquakes and volcanic eruptions scientists predict solar activity will only increase and say in the next few years a large scale disruptions often ella tronic equipment a radio transmissions computer failures and massive blackouts could become part of everyday life the sun is clearly monitored either by stations on the earth or in orbit but sending a probe four times closer to the store would be far more helpful and it means not be science fiction much longer thanks to a project currently being developed by the russian academy of sciences that this is going to be like a thermometer which would fly close to the sun measure its temperature density in magnetic fields when making it from scratch no one's ever done this before. the

into the giller saunters it's called is set to be launched might twenty fifteen of course it won't be able to control the stars activities but it could at least give a heads up to humanity before disaster strikes igor is going off r t moscow. boy cutting edge science in the service of humanity you can watch our latest technology update program coming up at nine thirty g.m.t. latest edition looks at how energy will be supplied for us all the decades ahead. well with a. big splash in the world of high tech business what turns it science into i can see products they don't understand all these it's got the fall of russian leaders to eat your betters abroad and their big breakthrough. like don't stop until they hear on the. cover.

of the business news the test is up next. hi there ed welcome to the business program here in r.t. russia's biggest lender is one step closer to acquiring folks back international well the supervisory board of the european company has already approved the sale of the bank's reached agreement earlier this month but no details were provided analysts estimate the takeover at around seven hundred million dollars it's been planning to finalize it by the year end of the acquisition is aimed at helping the russian company expand its a pivot in the eastern european market. the russian car giant has turned a profit for its french shareholders right now for the first time while the carmaker managed to squeeze thirty seven million euros out of its affiliate in the first half of the year that compares with a fifty six million euro loss at the same time

a year ago or the whole of the no group reported a fifty six percent jump in first half profit. and there's going to be petrol in the palms for all those lot us to run on energy minister said again explains what the government is doing to avert a repetition of the gas crisis earlier this year. there is no risk. in the country we are keeping the. reserves which will. smooth operation transport. let's take a look at the markets. looking

at oil prices there are however they are still under pressure as the debt ceiling debate. over to. the red. exporters are under pressure. twenty percent. three hundred million dollars. in hong kong. china. follow the global uncertainty over the.

crude. generator. three percent of. the business news this hour you can always go to our. business. headlines.

feel. limited to this this to. please. him.

welcome back let's take a look at the headlines now here in r.t. america's biggest creditor china russia is out of washington putting the global economy at risk by not reaching agreement to keep its debt in check. poland prepares to present its own perspective of what caused the plane of the late president kaczynski to crash in western russia last year. libyan rebels on their command gunned down hours after his family's alleged ties into his regime

a question. under nato promises extra troops for the border between serbia and constant following bond outbreaks of a controversial export ban. well people develop another round of debate on cross talk now with a look at the role of jesus christ in the free market economy with jesus jeans christian rock and even jesus pills are available that's next. wealthy british. margetts weiner scandal. find out what's really happening to the global economy in these kinds of reports on r.t. . and you can.

follow in welcome to cross talk i'm peter lavelle does the lord need marketing some are selling christian rock jesus jeans and even jesus pills is this the right way to promote christianity in the twenty first century or is it a new profitable me for those who have nothing to do with face. you can. discuss christian marketing i'm joined by you and dancing in london he is director of marketing and communications at the u.n. dating marketing consultancy and in columbus we go to philip ross he's a pastor and author and another member of our cross talk team yell on the hunger are a gentleman cross talk rules in effect that means you can jump in any time you want if i can go to you fill up.