it used to be an ideal place for a holiday but it changed in a moment. the wounds of war are still visible. the republic is not only relieved but also shaping the future. in india in the movie joint see the show. the gateway to the grand imperial. college was.

to go and. read this because it was originally a treat. just one of us thought it was dealing with its debt and its dealt a blow by a credit score and loses its hallowed aaa crown. israel gears up for another round of mass protests the biggest in decades people rage against the government they say has abandoned. travel to russia's drastic park and revolt far more aware of dinosaurs were discovered.

eight am here in the russian capital you're watching r t thanks for joining us now the united states prize top aaa credit rating has been cut for the first time ever standard and poor's has dropped america's ranking to a plus now the destructive force is the crippling debt which congress has struggled to agree on how to tackle with only an eleventh hour deal to raise the amount allowed s. and p. says it's not enough and falls far short of what's needed to stabilize the government's runaway poor way but the obama administration says the analysis is way off and will damage any recovery let's see how that's going down elsewhere in the world artie's a prius trader is a nation. which has. see this rating move in the opposite direction hi there a prius. here what does the a downgrade of the world's biggest economy mean for asian trade. that's right the stocks here are tumbling in india in japan a lot of people had

a little bit more confidence after the debt ceiling decision was made just a few days ago but as i mentioned back then it was cautious optimism people you know have been watching the situation very closely they're not too happy with the way washington had been dealing with it with even some chinese newspapers calling the entire debate in more all and irresponsible so this only further validates what they thought that the u.s. economy is not in good shape major issues as far as united states unemployment and how to actually cut that two point four trillion dollars and they said they were going to cut still have not been made so over in asia it seems that this rating on top of all of the other debates and decisions that needed to be made in the past we have only cause further worry over here really why do you think seems so uncertain about america's financial potential. many things you know you've seen the dollar be at some of the lowest ratings it's been in the past year which has caused

a lot of people over here in asia to question whether we really should be using the dollar as the reserve currency a lot of people think perhaps we should look towards japan or china or something like that also asia has you know a very vested interest in what's going on in the united states they hold three trillion dollars of u.s. debt so what happens over there clearly affects what happens over here very greatly the unemployment situation there they don't think that these decisions that have been made in the past this week are going to do anything to resolve that and you know if americans don't have jobs they also aren't spending money and in many cases that means asian exports so really the confidence is low over here right now. and it's not a great shock to many analysts who predicted at the beginning of the week that this . following of the stocks was potentially going to happen in the near future ok thank you very much for that update that is our reporting live there from india.

now reaction and inside from america from george who is an expert in helping us firms expand internationally let's cross to him and now thank you very much mr coo for being on the program with us now in the in the financial where it's all about confidence all about the market perceptions so how damaging is this a reduction in credit rating to america's reputation. well i think it's a blow. of course of the three rating agencies only sanjay or took the courageous move of making that downgrade despite congressional pressure and despite pressure from the white house. in the near term i'm not sure that they will actually have much of our employees on the financial markets but i think it's a it's a very strong message hopefully it's a strong message to the politicians in congress as well as the white house that they better deal with this problem seriously and that play politics and this is why

i don't think it will have any impact on the markets this is a pretty big blow i mean to be triple a rating of the u.s. has made it be in a position where u.s. treasuries for example are considered the safest in the world if you also why would markets react badly from your perspective why i think partly because all or mostly because. there isn't true there isn't any real wild will. to investing in the dollars for those who are looking for safe investments all the other currencies whether it's a japanese or euro others don't quite have the the capacity to take it on. and. you know and and. a d.v.d. us such a long run that it's going to be very hard to switch out of it overnight it i think

you'll see it gradual. diversifying into other currencies i want the. us sorry mr coe i also want to go into the decision of a p they were saying that partly it had to do with what they were seeing at any merican politics when america finally decided on how to deal with its debt that wasn't enough and that's why diesel decided to downgrade actually. only if if a corporation were to be haid like the way the american government has behaved they would have been downgraded a long time ago there wouldn't be any questions and no one would have with of raise any. doubts or make my speak fuss about it so the fact that the us government got downgraded is a is a very serious message which we hope. that the leaders in washington will take heat. from now and it's really it's really not

a matter. can the us afford to pay the debt because us it's always paid a debt by printing more money that's been historically the case what's different about this time is that the members of congress choose to strong arm and hand hold the debt ceiling hostage to other issues the issues having to do with taxation and spending and title amendments and so on and so forth and they're not able to reach any of coal or on those other issues and therefore they decide to play chicken or traits you know play brinksmanship on the air on the national debt and i don't think they fully appreciate the damage that this move has done to to the prestige of the united states and to the psychological feeling about the safety of their dollar i mean you have like to bring in the word contagion

we've been hearing market contagion economic until what about with regard to ratings agencies do you think other agencies will follow without lowering the a rating of the u.s. . well i think other agencies outside of the big three in other words the chinese rating agency for example have already downgraded. the credit rating of the united states. you know the database three stairs of or moody's and fitch have. basically half the headaches on their face because of what they did in the financial crisis so i don't know how it had been two thousand and eight so what they are. what standards to the poorest of them to do the right thing is trying to sell which some of their integrity and reputation by making a move that is clearly on i feel or. with washington ok what about going for the

american people's arms and can just briefly what effect does this have on the an average american citizen. immediately probably not much. but slowly if to the extent that this rating change will affect the cost of borrowing you know when that shows the then the cost of bar even the u.s. government will pass through will have a ripple effect on the consulate following for everybody and i think that will have a significant dampening effect on the american economy and i am not enough of a macro economist to be able to say how when this is going to happen when when you actually take place all right thank you there mr coo for on your insight george cohen expert and helping us economies form international partnerships thank you. thank you now i have renowned economist richard wolfe told our team that america's

financial recovery plan was doomed from the start. we've had twenty years of being told that a private enterprise economy is the royal road to success and prosperity forever then we had a crash of that system now we've had a recovery by a government that took care of the banks and insurance companies first and assured us it would trickle down it's not trickling down that's what these unemployment numbers mean that's what the increasing foreclosure of people being thrown out of their homes means and so on the stock market is finally the investment community itself realizing that this system is broken and there is nothing on the horizon to take it out and the anxiety that used to be among all the average people the vanishing middle class and all the people worried about government spending that anxiety is now spreading even to the top of the economy as they realize they've gone way too far and may have killed the goose that is laying the golden egg at

least for them. well one small death for a man one giant a black hole for a government rater or new york to ask what's the difference between our debt and those of our leaders. much worse for government to be and why because we trust the government to do the right thing and they're doing absolutely the opposite of that we do you trust yourself to do the right thing and live within your means i do mean dad so that i can pay it off more views on why people and governments max out their credit and how to set things straight that's coming in a few minutes. at a painful balance a leak top secret document shows british officers were encouraged to weigh up how much they torture prisoners depending on how much information they could get. of discontent in israel showing no sign of abating with protesters planning

a third weekend of social protests one television street has already been renamed by some as square which was the site of egypt's uprising and as a reports the number of protesters is growing steadily. places today saturday tens of thousands of protesters will be taking to the streets here in tel aviv as well as in several other cities around the country where they'll be holding mass rallies against the government they're hoping to top of the one hundred fifty thousand nationwide who took to the streets last weekend this is the third saturday in the road protest all be held they are united under the banner the government has abandoned the people and the central message coming from organizes is that the people are taking the country back now the plan tonight is for demonstrators team on what's called will have all of the basic office we came to the city has been established the final destination is not far from here at the curia defense compound and there they'll be holding a mass rally presenting

a number of demands on the government of the civil speakers several popular singers also occurs and in the last week there have been a number of smaller demonstrations that have been held for civil law was earlier this week taxi drivers blocked off a number of main roads they were protesting against the high cost of diesel there was also another protest among teachers university professors and students and they were united under the banner of education for i did another demonstration just yesterday we hundreds of parents with strollers took to the streets and they were protesting against the rising costs of the high costs of having children feeling as well the israeli prime minister. has been surprised by the massive supports all these demonstrations and his government is still struggling in terms of how to deal with them essentially what you can hear some people here in israel saying is that in the time the offer was so obsessed with gathering intelligence for the for to live from the mediterranean that he missed the opportunity to see what was

happening here under his eyes. to tel aviv. and on our website get more reports from archies paulus we are right from the epicenter of the demonstrations. it's got to get attention all the protests activists and journalists say and they'll be and no result because it weakens the pressure on israel's government to improve the living standards we report at r.t. dot com. let's go back to our top story where s. and p. has downgraded the u.s. its credit rating from a triple a to an a plus so let's get more inside from investor from asia and offer a dream broader thank you very much mr rogers for being on the program so as if he

has downgraded the u.s. many were saying that it expected to happen too soon but what about now the other big agencies do you think we're going to see further downgrades. this united states is not going to aaa credit for a long time the only people who don't know that apparently are standard and poor's and moody's and u.s. government the united states is the largest debtor nation in the history of the world who cares what the rating agencies say we all know that it's no longer it's no longer valid we don't pay any attention to them they've been wrong about everything for ten years so why is it calls in. such a big move or have life if you will wave there if no one really cares what the agencies say how important is how significant is this really it's not causing any news to me i you know i could care less if i see you have to have something to report i know it's a weekend and things are slow who cares if the i wouldn't pay any attention to it there must be better things to report in this everybody knows that the u.s. is the largest debtor nation in the world this is not news this is old news but

what about it being a safe haven a triple a it has had that position for a long time making us treasuries for example a safe investment of what would that mean for investors will markets be reacting to this it's not a safe haven anymore according to some of these ratings because three years ago it's standard moody's said that sub prime loans were aaa they had hundreds of sub prime loans that were aaa they said that ai g. was aaa until the day it went bankrupt they said benny mae and freddie mac. were trying to be aaa until the day they went bankrupt please these people have never been right why do you pay attention to. let's just say i'll their investors who don't share your view for example lead they still believe what the ratings agency sammy there are a lot of investors who do react to what agencies say what effect will this have on the asian economy but you say that i don't know any investors any real investors who pay any attention to these people anymore what effect will it have on the asian economy no none whatsoever all the asians already know that america's got problems

all of us are already moving out of u.s. government bonds everybody in asia knows that maybe the russians are the last people to know what the rest of the world knows that the russians the u.s. government s. and p. and moody's ok so following that logic you saying that on monday basically the markets will start climbing to stay the same. markets may go up may go down may collapse but is that nothing to do with this this has nothing to do with anything lawns have been going up u.s. government bonds have been going up it all week knowing that this was coming and going as it was away from the aaa rating but let's go to this in a plant that we've been seeing out there recently this has been the sharpest since two thousand and eight and it does bring up bring back memories of the lead up to the international crash in two thousand i do think there's going to be a second global recession oh absolutely we never got out of the first global recession unemployment in america is still higher than it was in two thousand and eight the american dead is skyrocketing going through the dead through the roof

america's in worse shape now than it was before america spent a lot of money and the people who got that money are better off but the overall situation is much worse america's quadrupled it's dead america if you take in the consider the things that they guaranteed they printed huge amounts of money you know the world has gotten worse the world hasn't gotten better and they are going back to the i just want to ask you dismiss the agencies but they do affect a country's borrowing costs right and surely that's got to mean something. miss it as i said anybody who pays attention to trouble to be in movies is wasting their time and if it's if it really is aaa why the chinese moving their money elsewhere why are there people move your money elsewhere if everybody thought this was aaa it's paid aaa own paper no real investor invest in us government bonds thinking its aaa they are that we are the largest debtor nation in the history of the world

missed i know you have to report something but this is what all new that's there is no bond investors what are they doing now where will they be going it would affect their their investments certainly bonds went up last week once what happened there in the great ok so they're still going to have what just keep their own investments ignore the united states is that what you say no may have many people still invest in the united states government bond market it's the largest bond market in the world many people will continue i mean double a trust is not the end of the world even single is not the end of the world many many people invest in single a bonds and trips away vons of the world then ratings. adventure us will default there's no question we will either inflate people back in worthless money we will in trade away we will change the rules we will put on exchange controls or been sure the us will depart that's why people are moving away from us government bonds because

everybody knows that the us is in serious trouble and the debt situation is getting worse and worse not better and better all right thank you very much for your insight there safer base investor and author jim rogers thank you thank you. and british intelligence services have allegedly been of violating international law for almost a decade and lead to top secret documents suggests agents were permitted to use information taken from prisoners under duress overseas officers were asked to balance how much they expected to detain these to suffer against the value of the information they could get they were also given political protection from prosecution well human rights activists are demanding an open and fair inquiry but fear any questions will be met with a wall of silence as tara wall from amnesty international explains. and there are a few key reasons why the inquiry is unable to do its job properly and the first of these is the rather shocking level of secrecy that surrounds the inquiry much of the inquiry is going to take place behind closed doors and no information will be

released to the public without the say so of the government which is it's very worrying for an inquiry that's supposed to be you know getting information to the public about about what's been going on very much hope that they will see that there will still be an inquiry which is open and thorough and transparent and i think if there is a full open inquiry and lessons are learned from that and the u.k. can restore its reputation in the world by then making sure that what it does in the future learns from the lessons of the past. travel thousands of kilometers east of moscow but millions of years back in time. where the far eastern are more region it's a rigid jollity has an abundance of precious and valuable metals which is driving its industrial expansion but artie's alice hibbert has met one team who try to treasures lies not in gold but bones. this week the russia close up team is coming

to you all week from the far east and more region now for many this region's distinctive juice to its proximity to china and its smallest reserves of war materials and natural resources but the one paleontologist and his team it's the bones of ancient dinosaurs discovered deep within the ground here that will put this region firmly on the map. u.-t. beloved ski is a man obsessed with the power of a bygone age when dinosaurs rule this part of russia he may have been born in the country's new western areas but it's the far east untapped jurassic history in the region to which he has devoted his adult life to mr necker very near this site to be known since about nine hundred forty eight over an unbelievable number of bones are buried here and i think will be digging for at least another two years they literally everywhere here the ammo region is looking at one of the few functioning

archaeological sites only here can a site boast of having produced a complete dinosaur skeleton that discovery made over a decade ago led to the full recognition of a new breed of dinosaur a lot a ton or giant swan a twelve missile long herbivore found almost exclusively here and it was here the son who first stops at the fragment of tail bone sticking out of the father and son went on to make paleontology history a van has since followed in his father's footsteps it's painstaking work requiring patience and skill in equal measure one who discovers along the way we begin to or him or the ground around it probably foreign. your current. where a girl for very slow because zero can be more balanced in the ground around it. why is it. yuri and his team have been excavating this site for the past three

years and already they found well over one thousand dinosaur bones approximately sixty five million years old but they believe that the bones of hundreds of more dinosaurs i get to be found within this small plot alone i'm told that these will most likely be fragments of another giant duck billed plant eater unique to the region and named in his honor the are more saurus is another previously undiscovered breed credited to the last ski which includes notes hal you're also a scientist it was she who came up with both dinosaurs names as well as taking day to day charge of running the region's only paid to the board tree and museum each new discovery mist be carefully catalogued and examined the aim is to inspire the next generation of dinosaur hunters was one ensuring the family's feats don't go i'm remembered for that. here you can see

a photo of your blood ski at the excavation site and here you see photos of i'm going to soras this is the skeleton of an annoyance or else what a strange looking reptiles and it and to learn from the follies of history as miles and this is charles marsh an american poli until august in one thousand nine hundred seventy he visited moscow and announced that there were no dinosaurs in russia and everyone believed him yet luckily u.-t. belong comes from a long line of scientists who chose to follow their own instincts and secured a moore's place in the history books as one of the world's foremost sites for paleontology it was their determination and no small amount of digging that revealed a dinosaur jampot alice a bit r.c. the more regions. well if you or i get into debt the bank is on our backs without delay yet it's only now that america which owes trillions is seeing its credit score decline while my talk show host laura harshness asked people in new york why

americans are so keen on borrowing. why do you think so many people allowed themselves to get so far and that is the is the age that we live in everybody sees the person next door that they've got the brand new car that the lifestyle and that's what they want is so much advertising and people just wanted to spend money so i think that's the difference between americans and europeans but you have advertising in europe are you just you don't pay attention to it or. i think we pay less attention to it and we probably think a little more about what we need and what we can afford it's all about thinking yes i think so is it worse for you to be in debt personally that it is for a government to be in that. it's much worse for a government to be and why because we trust the government to do the right thing

and they're doing absolutely the opposite of that but don't you trust yourself to do the right thing and live within your means i do but i'm in debt such that i can pay it off debt is dead it's bad for governments bad for individuals and the government should show leadership show they've got to clean it up do we really expect our government to get its act together if we can't get our act together for small families we can only hold the individuals and the government will step up and make a difference whether or not you're in debt personally the bottom line is we've become a planet of debtors so it might be time for all of us to rethink what it is to live within our means. i'll be back with headlights in a few moments to stay with us or are today. of

the.