welcome back you're with r.t. live from moscow with me restructure the headlines now the head of the e.u. calls for yet more money to be made available to struggling economies italy slides towards distress thanks to its border with spain also as close to the crisis. the un it condemns the use of force against civilians in syria and calls on all sides to end hostilities and continued violence across the country and the security

council meantime as the government and the opposition join political dialogue as soon as possible. and a failed palestinian suicide bomber tells us about her new mission for peace after being caught before detonating her device she says she wants to use her second chance to promote tolerance between israelis and palestinians. well the financial troubles piling up in both the eurozone and the u.s. may feel like a relatively recent phenomena but the former head of russia's central bank says that's been a swirling around for ages next he tells us how it's being used now as a political pop. hello and thank you very much for being here you became had of the central bank when russia began pursuing its shock therapy policy polling advice from accidents how would you advise you are an american colleagues now with the situation they are

facing. to live within your means that's all that's just what they told us back then with no idea at all about our economic and social situation at the time that was in one nine hundred ninety two when we began well part of the government began to listen to their advice after russia joined the i.m.f. that year later they wrote and the famous stiglitz a nobel laureate and former economic advisor to clinton was among them that they were doing everything wrong but they were telling us was all wrong. with it we think about the ability to live within one's means who's better at that russia back than or today's usa. you see the u.s.s.r. was living on credit of course but it was solvent and other states were eager to give credit even the us build a lot it wasn't doing it directly through european affiliates they all knew after all that the soviet economy was under control and that because he would pay its

debts sooner or later even without high oil prices that's why they were eager to give credit to the u.s.s.r. especially to finance the purchase of high tech goods to be supplied to the soviet market in fact is go but after nine hundred thirty two a time of crisis for the us america wouldn't sell the u.s.s.r. complete production facilities like a car planted told ya he or chemical plants of which the u.s.s.r. had brought for four billion dollars worth and which had played their part in its technical progress but anyway this all unions credit rating was quite high it has been easy for the us to take credit because of the entire system that's been built up since nine hundred forty five when the i.m.f. was being set up there was a he's a dispute between the u.k. and the us of course the british had to back off because their economy had been greatly damaged by the war that later led to the devaluation of the pound some years after the war in fact all of europe was living off the marshall plan back then and that consisted mostly of agricultural commodities along with some

industrial plants and factories that had depleted their technological potential ones that the us didn't need anymore this in part was the reason for the america's technological leap over more recent years though with production capacities growing rapidly in the third world the share of production in america's g.d.p. has been shrinking that's how america began to live on credit and living on credit is always difficult as the time may come sooner or later when debts will have to be paid off and right now nobody wants to remember that it was really early nineties when bush and the republicans came to power but the us external state debt by issuing treasury. bonds with different terms but anything from one week to twenty years and interest rates grew massively right now it has been increased still further so generally it all happened under the republican rule my question is then why all the hubbub now it's just political games but nothing more. how much time do

you think the usa has left before it has to start leading with. a war. where you see speaking of the country's gold reserves with us as our only joint the i.m.f. in one thousand nine hundred two although it was among its founders back in one hundred forty five the soviet delegation took part in all relevant discussions and we even managed to secure the right to keep our contribution to the capital of the world by goals of the reserves of which stalin was very keen to control the gold was to be kept in the u.s.s.r. with the i.m.f. having the right to come at any time to check it was still there and hadn't been sold the u.s.s.r. could join the i.m.f. before december the first nine hundred forty five but then the head of the state planning committee was near since he stepped in and said we we came out of the war so poor that if we gather and file all the stats required by the i.m.f. all we'll see is how much we actually lost in the war so we better not join i.m.f. rules dictate that any country's currency reserves resulting from

a good balance of payments and without a budget deficit should be kept abroad either in dollars or in gold well it would be ridiculous to buy gold the price of which tended to swing all the way from eight hundred dollars to four hundred dollars an ounce and more here the us never maintained gold prices even though it used to be thirty five dollars an ounce and in nineteen seventy one president nixon raised to seventy dollars and. went to gold collected all dollars throughout france and sent them to the us were asking to exchange them for gold the gold content of the dollar was devalued but everyone keeps quiet about that they began living on credit the good it could only keep your currency either in gold or in a currency that was used in ninety percent of world. at the time. and so did our country even though now we kept it in dollars euros and evil in a small part of swiss francs or something of that kind since two thousand and two but the us to some extent lives in debt to the entire world and that isn't right.

such as the us managed to avoid a technical default but what was the threat to the whole world if us did lead to the vault it wouldn't have been able to repay treasury bonds it issued according to the limits set by congress to the ministry of finance or to the us government who quarter the us president the government head so they wouldn't be able to replace them with new bonds in time you know what happens within the country if they reach a compromise to cover their expenses. this has no explicit connection to the situation within their country on the other hand the dollar exchange rate including cash immediately drops on the world markets and the exchange rate for securities traded around the world drops as well in spite of the fact they are issued by u.s. companies so they incur bookkeeping losses of the very least perhaps even real financial losses to a large extent the debt was formed under the bush presidency the war in iraq and their role in the afghanistan conflict of course huge military expenses and you

know fact the whole world including our country has been funding those military costs their budget deficit and their balance of payments deficit they threw at it as i knew if we talk about expenses the groove to us military budget for at least a year alone is about seven hundred billion dollars and frankly speaking there are no reasons to believe that these military expenses will be reduced he believed this could be possible. i believe that globalization which has been happening for a while now and which hasn't been getting much to developing or third world countries will result in some kind of collapse. so since nine hundred forty b. us has raised a. that ninety times it's become standard procedure but now the situation has progressed to the point of shaking the world's markets and the world was the right hand with a known economic territory how did that happen. to a large extent in the one nine hundred sixty s.

or seventy's ninety percent of international settlements were in dollars you know that was between countries that weren't even connected with the u.s. there the eurozone was established to start giving up national currencies even of those some european countries like denmark didn't join nonetheless the dollar remains the key settlement currency and everyone needed dollars and often required dollars rather than any other currency and therefore the dollar became the worldwide currency of the world wide spread also calls for worldwide responsibility and the u.s. authorities didn't show enough of that response ability economic and number of economists called the actions of the u.s. financially irresponsible do you agree or is it rather a kind of game for the sake of their own interests. from the viewpoint of economic theory there is a certain irresponsibility larouche your famous american economist or perhaps french canadian origin about ten years ago said that the u.s. economy considering its domestic and foreign economic policy is bound to face

a crash like the roman empire which is their unique ratings fall be konami players central banks will obviously change the structure of their reserves can as dumping the u.s. treasury happen and what implications can we expect. what else is there for them in our chinese colleagues in spite of their trade surplus with the u.s. and their own willingness to revalue their currency you still keep most of their phones in dollars even though they use them actively to penetrate the development of african and asian economies to develop their infrastructure and so on you know there's nowhere to go the world is established in the uni polar way you can't just get out of a marriage especially when you have kids. thank you very much. last

time the close of team was in the cool gum region where men flock from all over the world to have a few centimeters to their self-confidence. this time margi goes to the amore region. for the gold rush still gets people hike on. her nation try to fight to save its culture. where cranes are protected in the first abdullah gul official nature reserve. to the region. bush a close up of the party. the people of the united states and their friends and allies will not live at the

mercy of an outlaw regime that threatens the peace with weapons of mass murder his regime has an active program to acquire and develop nuclear weapons and let there be no doubt about we know for a fact that there are that there. is we're just being carried out under the direction of dr david kay respected scientist and former u.n. inspector was leading the weapons search in iraq we are determined to take this apart you have a tremendous a group of dedicated american men and women involved in this with the best assets of the intelligence community can provide. data cheney is not going to be done with this for quite some time david kay wants more time he says it could take another six to nine months to make a definitive finding ministration is asking congress for hundreds of millions more six hundred million dollars to fund the continuing search have not yet shiny pointy things that i would call a weapon before we can draw from conclusions we need to let the iraqi survey group complete its work. we were all wrong probably in my judgment

and that is most disturbing. sometimes the true patriots takes the unpopular course but helps the country and wooden stakes and even if they come this way at least in terms patriotism is the last refuge of scoundrels and i think these are scoundrels they have no argument now they have no defense for what they did the country is in a terrible international security situation and i think it's perilous so they're attacking the patriotism of others. if fifty ft ft.

if. russia's interests in which bryson if you knew about someone from funniest impression is. not for instance on t.v. dot com. is used to be an ideal place for a holiday but it changed in a moment. the winds of war are still visible. the republic is not only relieved but also shaping the future. mission.

couldn't take three school or church three. three. three. three. three volunteers in videos for your media project free media. head of the e.u. calls for yet more money to be made available to struggling economies. towards distress thanks to its soaring borrowings also close of the crisis. the un it condemns of the use of force against civilians in syria and calls on all sides hostilities amid continued violence across the country security council. political dialogue as soon as possible. and a failed suicide. mission for peace. before.

she says she wants to use her second chance to promote tolerance between israelis and palestinians. with sporting. back story all watching this for a while in our town let's have a look at our top stories. urbin cazan progress to the champions league playoffs while nine month granger's crèche out at the hands of maga. luke will unveil a bunch of this summer signings while van city held an open day ahead of the english premier league qualifier in town days' time. and russian top flight side on three have been fined twenty thousand dollars over violence during the early game against the needs and nights ago. it was good to go in with the goal were being

done and are one step away from making the group stages of the champions league the outfit seeing all do not like key is to reach the playoffs that announcement qualifying round before the main competition remain went into the home with a two nil advantage off last week snatching ukraine by demitted zero zero and got the ball rolling one thousand minutes before alexey made the lead a couple of minutes from time to strike right at the south american solution for the visitors so rabiner into friday's drool where another to match up i waits. for more action scottish champions rangers meanwhile were dumped by monmouth following about samples of fat in sweden chris whitaker's fall punished with rangers' talents and by the time it gets a lot of it with the visitors in front on twenty four minutes glasgow side will be forced to play the final twenty five minutes with single figures following mudgee

big arrows dangerous elbow. and heartbreak would you be arrive for rangers town minutes from time to launch some odds of sending the swedes third to the next stage two one on the grid gets. them feel good meanwhile throat. grassed as expected against zones for our years of all exhausting the waters before this steamy leap will open the story that's in the business one mail after ninety minutes and three won on that grid that has that poor one back in the thirty second minute paul and rick is try giving the crowd a glimmer of hope for an upset a lot of glow occurred for the techs fifteen minutes. he sent off for an elbow on. the final score that meaningless is your upper legs and we find the spin fee make it safely through. now would just ten days remaining until the english premier league season starts

a little full on vale the brand new signings on wednesday the club spent a reported forty three million pounds on charlie adam stewart downing and jordan henderson goldman to fill those and coming from adam has found two seasons in blackpool downing moves from aston villa while hander sunlight sunderland to join the reds google's fourth some a signing brazil international goalkeeper do in iraq on a free transfer from syria. manager it can be dealt wish seems confident that the new i considerations will add something to the schooled. everybody that very evening i knew was going in and the quality of the already how if you're and the years i shall be it will be for more than just to be. good for the workers where i was that the previous clubs. and staying with the english game and much to city have held the no one training day ahead of this weekend's community shield clash we've cross-town rivals manchester united striker cereal aisle where i'm callous

that is both absent on was be the club's record signing fifty seven million to one man a single session where they still have got this along with their crews and pablo zabaleta have yet to return from corporate america t.t. i think of holders c.c. and. premier league champions united bill had to have it wildly on sunday for the first trophy called the english season while city's opening premier league fixture will be against new boys one c.c.t. on aug fifteenth. well it doesn't happen too often barcelona losing by three goals to three goals even in a friendly match mexican club guadalajara producing probably the biggest shock of pre-season football a record crowd for a south florida football match biking into the sunlight stadium in miami seventy thousand found skating toward stage it's really an open the scoring for spanish and european champions far so four minutes and brilliantly quick fade from the strike of bonds it was all downhill from then on for the catalan giants first lets in

raipur the beauty to equalize matters right on the alamo just drifts away quite a lot play more like the catalans themselves of the stage and they at their reward came on sixty three minutes far beyond showing his best effort was no fluke netting in as sublime want. to be worth another showing. these. two more strides will follow for the mexicans perhaps not as a static really pleasing as the first they all added up to a shocking pool one loss for boston or the manager deal or no doubt hoping they leave that sort of form across them plenty before being play man only get solved in three weeks time. and also get a different evening football says old rival israel the dream who thrashed a local chinese side in one zero seven one the final score in that one. promptly followed by this effort from. the thirty first minutes. until the last in

both houses for the visitors with cristiano ronaldo also getting in on the action because he's scoring with the back field seemingly all the rage these days that was the fifth goal of the match but take a look at the next one eighteen year old. yes several drink is soaring with a diving header across one. deserves a second look as well marie is seemingly happy with that effort and the overall score of seven wants imagery. onto domestic matters now in premier league club and she had been fined over twenty thousand dollars for their fans on newly behavior and improper safety measures by local police during july's game against is in the same pittsburgh and here are some scenes from the july twenty fourth game in behind our local fans and police attacked spectators from people. one of the richest football clubs from one of the poorest russian regions will also have to play two games behind closed doors if it happens again the next

three months. now it's quite literally an uphill battle for more than twenty climbing teams as they began their cliff conquering project in the swiss alps this week with two hundred years gone since the sounds of the human for all summit unfolding crew are setting out to repeat that feat but it's only the beginning of their journey more than forty one hundred meters to go before the ultimate goal with some of the twenty three teams benefiting from star studded help cross-country skiing world champion alex we'll try and mangoes perhaps better suited for the rough ride ahead and this is just the first of the one hundred fifty peaks worldwide to be scaled with the himalayas as the next stop. and back for bill finally where a total of sixteen goals flew in during the latest round of the russian premier league and in case you missed it we've got them all in goals galore.

listen

when i was a kid because the last. mission of. the country to live. up to the live feed live a little. bit work with the rest live was so impressed if you want to live. i was home but it cleared up and it might be

safe to pick up on just how destructive just callous callous and make a handful of stuff comes in the rest of the world on national t.v. this much she's got to give it all i've got to cut away the sucker mums. didn't like. how much to push a pop up could come out of the. box if it hit the stock market be the market coming up on the house for the past couple of. vacillate as a sports before they all come up short then downright evil of things here on the news headlines stay with r.t. hungry for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers on the t.v. .

would be soon which brightened if you knew about someone from dallas to question some. news from the stars on t.v. don't come.

all. in india she's available in.