the biggest issues get the human voice face to face with the news makers. this is. just when the u.s. i thought it was dealing with its debt dealt a blow by a credit score and loses its hallowed triple crown now china is weighing its america's biggest creditor signals it's time to ditch the talk. israel gears up for another round of mass protests the biggest in decades as people rage against the government they say about them. and we traveled to russia to jurassic park in the remote forest and i'm sure to reach new breeds of dinosaurs recently produced.

a very warm welcome to you this is artie live from moscow i'm wrong. that united states prized aaa credit rating has been cut for the first time ever standard and poor's hasn't dropped america's ranking to double a plus 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 somebody says that's just not enough and falls far short of what's needed to stabilize the government's runaway borrowing but the obama administration says the analysis is way off and will damage any recovery things that we sycophant off as more from washington. well it really is more than anything a huge or some balik and unprecedented blow to the united states to its status as a safe investment basically what this credit rating lowering does it is it really

raises questions about the validity of the united states and the ability of the u.s. politically to get its financial house in order so to speak the record questions here for the american people for the u.s. government could be severe now while this only takes it down from a aaa to double a plus with a negative outlook threatening in fact that the rating could get lowered even more in the next two years what it does is a potentially it is sends a message that the united states is a risky investment that it sends interest rates going up for the federal government and because other borrowing costs are tied to that that means mortgage payments could go up mortgage interest rates can go up car interest rates can go up and really the rest of the u.s. economy could be severely affected now one thing that we do have to keep in mind here is that the obama administration had pointed out that the s.n.p. had made an error of about two trillion dollars in. projections in releasing that information now the s. and p.

doesn't make these decisions based on any sort of special information they really it really is a political reaction based on facts that are available to just anyone and so the other thing we have to keep in mind here is that these same credit ratings agencies essentially allowed top ratings to continue in the united states at a time when we were investing a lot of money in these mortgage securities that essentially in the pub lapsing and pulling down the u.s. economy with it so they don't really have all of that much credibility in the eyes of the world market still however we don't know what will happen come monday when the markets will open and if those interest rates do rise there could be a ripple at this very unstable economic time here in the united states with the passage of this debt deal the u.s. government's hands are essentially tied in terms of stimulating. economy in terms of any sort of new spending that could boost growth we saw g.d.p. growth would have stalled to almost a crawl in the second half of the year we saw on top of that the jobs report that

came out on friday for united states while it was somewhat positive it actually showed negative growth because it means that more people here in america have given up looking for work so politically there's really not that will in washington to do what's needed to to stimulate growth and financially they simply do not have the tools in their possession in order to improve things here and so while these credit rating agencies may sometimes be accused by some financial experts of having missed the mark long ago these small tiny effects in terms of higher interest rates could really really cripple what's already seems to be a worsening recession here in the united states. the final report of the time with the u.s. based business export of george crew he told us of the credit score reduction is due to political bickering on capitol hill which is bringing everybody else down. it's a strong message to the politicians in congress as well as the white house that

a better deal with this crowd will seriously and not play politics it's remarry matter. can the u.s. afford to pay the debt because us it always created by printing more money that's been historically chased what's different about this time is that the members of congress choose to stroll hand hold their pants ceiling past speech to other issues which are other issues having to do it was taxation and spending and entitlements and so on and so forth and they're not able to reach any color on those other issues and therefore they decide to play chicken or tray you know play brinksmanship on the air on the national debt and i don't think they fully appreciate the damage this has done to christie to the united states and other ripple effect is spreading faster china and so strong and

demanding the united states sorts itself out and does time soon beijing's got a major interest because it's america's biggest creditor by a long margin even so china is making it clear that maybe it's time for a new reserve currency instead of the top. it's a nation's third largest economy india with more on the region's concerns. he said markets are tumbling they were tumbling on friday obviously we don't know what's going to happen on monday in specific reaction to this news but many analysts many financial analysts here predicted this especially after the u.s. debt ceiling debate that took so long and in many ways is what people are saying led to these lower approval ratings i guess you could say so the markets have tumbled here people are losing confidence in the american economy obviously there are things that soaring there is seeing a lots of decisions not specifically being made when it comes to that two point four trillion dollars in cuts a lot of people are wondering if it took us this

a long to come to a decision just to raise the debt ceiling how much longer could it take to actually figure out but typically where to cut and paste has a very vested interest in this if you think about what these ratings actually means that means that the united states won't be able to repay a lot of their loans and actually hold three trillion dollars in the united states alone so people here are watching what's happening in the united states very closely but it's pretty sure to report it right that i want to talk about asian investors are getting on the back of what's been a tough week for america's economy jim rogers says that you know that you don't. 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 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 debt is skyrocketing gone through the debt and through the roof america's in worse shape now than it was before america spent

a lot of money and people who got good money are better off but the overall situation is much worse america's quadruplet instead america if you take in the consider the things that they guarantee they printed huge amounts of money you know the world has gotten worse the world hasn't gotten better we will either inflate pay people back in worthless money we will inflate it away we will change the rules we will put on exchange controls or bisher the us will depart that's why people are moving away from us government bonds are busy everybody knows that the us is in serious trouble and the debt situation is getting worse and worse not better and better. well the downgrade came a too late to head europe's stock markets which operated taking a hammering this week being battered by the eurozone and america's debt difficulties but as a thank you bushnell is now in monitoring all the events and the thought process. we use downgrade and trust the rating agencies. as the agency of

the two trillion dollar miscalculation when deciding this downgrade they claim to have the world's best minds working for them hasn't really surprised people here because most know that's a murder suicide unsustainable that for many years now well everyone apart from the rating agencies it seems and the day before firms collapsed in the credit crunch they still had aaa ratings on those companies now that made the agencies lose their reputation but people lost their whole savings and triggering the world recession that followed. the rules of furious about s. and p's double standards they held. the white house before this decision. when it would take place what would happen and that's allowed the white house to prepare a smooth response to the media and even question the agency's judgment none of the happened last week when the agencies graded the european union countries and their

ratings now that suggests that the agencies are inconsistent to say the very least and as a result the european union is creating its own agencies. for americans who will see themselves having to pay more more interest on their loans and having to pay more this is bad really for everyone around the world who lend money to america because it raises the risk of not getting that money back. to gain more insight on this i'm joined live in the studio by the chief economist from a bank in russia got a lot of thank you for joining us today how would you assess the standard and poor's reading of america's financial credibility and other ratings of the rankings rather they were liable for investors. well i think there were certainly a lot of questions posed to reading agencies. the reliability of the readings during the crisis after the crisis and i think one of the reasons we're seeing this downgrade is precisely the effort. of the rating agencies to

bolster their credibility and really fundamentally if you look at the economic foundation of the problem yes there are causes for concern both in terms of the level of u.s. debt and the outlook on the path of u.s. fiscal deficit but when you talk about credibility back in two thousand and eight before the big crunch on wall street some of the credit rating agencies are still saying that a funny way of freddie mac. were double triple a at the time pretty much knowing that they were going to crash exactly so they were behind the curve and now to some degree we're seeing that some of the european countries we're seeing to some degree with the leaders these of you to us. the rating agencies want to be a bit more ahead of the curve and to be whistleblowers not. only we

act to the crisis situations that have already happened ok so we see the s. and p's reaction here what about moody's and fitch is it possible they could know a change or a change their ranking it is a possibility because we know that some of the rating agencies do have a negative outlook. of the current waiting for the u.s. so that implies potentially. within a year or so they might vies. waiting for it is it is it possible that some of these rating agencies could be in bed with the government for example this s.m.p. report it came out late on friday night right into the weekend it came out late enough not to have an effect on one of the worst weeks in two year. on wall street is it possible that the s. and p. went to the white house and said we are going to downgrade you and the white house said we're ok fine but then delayed the announcement until the weekend so we kind of goes under the radar well i don't think something like that really can go under the radar at him clearly we're seeing

a lot of commotion in the markets across the well. in terms of the comes from observers across the globe so i really think that probably there was some rationale for the timing of this to be after the markets calls for the public for the observers to vote just. the stuff on the pile then you know what's what's the next step after digestion because as you say you know the worst week in two years on wall street so they delayed delayed the an arson to be end of the week it doesn't affect the stock markets so one day what happens on monday well on monday i think we will see in the phallic reaction in terms of stocks and i think also with regards to the currencies we will see pressure on the dollar i think for sure and then the next question then the next possible round of response from financial markets is what happens if countries such as china for example start who were

supply their reserves and earn well that just did you bring me to my next point the other biggest boy on the block china the biggest holder of america's debt what threat does the s. and p. move. to china and other asian governments that hold such vast amounts of u.s. debt and piles of dollars well we've seen are really comments from some of the chinese economists about. they are concerned about the downgrade and what they do expect steps from countries such as china to more actively diversify their reserves towards other currencies to some degree yes we can see that what happened with the u.s. and p. downgrade is to some degree the undermining of the role of the. dollar as the world's reserve currency now as somebody experts we talked to today believe that the u.s. never made out of the first crisis let alone out of a second recession how do you see that but i think the key criterion here has to be growth performance and in terms of growth performance we've seen

a pretty strong rebound in the u.s. and i think. really fundamentally there was an effort to address some of the underlying ills in the corporates and. some of these ill some of these problems have now. gone into the sovereign segment towards the sovereign balance sheet towards the budget. and this is the potential second round. which made me a second phase potentially if no corrective action is taken by the u.s. by europe easily their budgets but i do expect that in the coming years we will see more corrective action and i think this is the only possible he's a ball path for for the developed world martin and finally as i'm running a bit low on time here with the s.n.p. are down downgrading the rating of america's credit performance here aaa was down to double plus now any implications for russia i think we will see negative

implications in the short term in the short term certainly a downward pressure on the stock market and to some degree given the fact that this downgrade will exacerbate fears and risks in the markets this will lead to flows from emerging markets and russia as an emerging market this will have a negative effect on the short term i think russia's assets most notably on the stock market. lisa pollack our chief economist of a torture bank here in russia many thanks. well one small debt for a man one giant black hole for a government later we were in new york to ask what's the difference between our debt and those. much worse for a government to be in debt why because we trust the government to do the right thing and they're doing absolutely the opposite of that until you trust yourself to do the right thing and move within your means i do not mean dad said that i can pay

it off more views on why people and governments max out their credit. things straight that's in a few minutes here a hearty. kind of painful. to top secret documents shows a british officers were encouraged to weigh out how much they torture prisoners depending on how much information they could get. because content in israel is showing no sign of abating with protesters planning a third weekend of social protest one street has already been a renamed by some square that was the site of the uprising in egypt. reports the number of protesters is certainly on the rise. 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 there hoping to top the one hundred fifty thousand nationwide who took to the streets last weekend this is the first saturday in the

road that protests all be held they are united under the banner of the government has abandoned the people and the central message coming from organizers is that the people are taking the country back now the plan tonight is for demonstrators can march on what's called the bar wait for the response to meet it tames city has been established the final destination is not far from here at the curia dispensed compound and they will be holding a mass rally presume to a number of demands on the government of the civil speakers several popular singers also prayers 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 the sisters and students and they were united under the banner me education for all and another demonstration just yesterday we hundreds of parents with strollers took to the streets and they

were protesting against the wizened cars and behind cars of having children feeling as well these many prime minister. has been surprised by the masses supports all these demonstrations and his government is still struggling terms of how to deal with him essentially what you can hear some people here in israel saying is that in the tanakh it was so to say it's with gathering intelligence for the third solo from the mediterranean that he missed the opportunity to see what was happening here under his eyes want to see almost to tel aviv. meantime the knesset member daniel ben-simon says that prime minister netanyahu doesn't realize the protests are rooted in public range and not from political life. people here yelling out shouting are sleeping in the streets i'm talking about tens of thousands he won't see the police shooting or beating the protestors it's very polite it's very strong vested very polite as to how to change the policy of the government and how

to have a better life in israel for the time being they have not been any wounded in the last three weeks i don't think it will be different in the coming weeks this is a strike of history professionals it's not of unemployed people we have almost no one the ploy of it but you do everything and see if you cannot have a decent life this demonstration that has no right wing or left wing views it is most of the mainstream israelis who feel so bad about how they live and they go to the street like tonight and maybe next week and i don't think mr netanyahu gets the right view of this demonstrations he thinks that political parties are behind it and he's wrong. and on our website r t v dot com get more reports right from the epicenter of the demonstrations israel activists and journalists say with hardly any global media attention the government can easily ignore the pressure to improve living standards much more of the story online at odds you've got.

all right now twenty one minutes past the hour here of course going with artsy. services have allegedly been violating international law for almost a decade now leaked top secret documents suggest agents were permitted to use information taken from prisoners under duress overseas offices were asked to balance how much they expected detainees to suffer against the value of the information they could get they were also given a political protection from prosecution human rights activists are demanding an open and fair inquiry if any questions will be met with a wall of silence as torode loyal from amnesty international explains. 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 surrounding the inquiry and 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 because it's very worrying for an inquiry that's supposed to be getting information to the public 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 then the u.k. can restore its reputation in the world by then making sure that what it does in the future learn from the lessons of the part. good to have you with us on a saturday you're watching r.t. live from moscow and next we travel thousands of kilometers east of moscow but millions of years back in time.

and the time we're in the far eastern are more richer it's rich geology has an abundance of pressures and of valuable metals which is of course are driving its industrial expansion but its allies have it has met one team whose treasure lies not in gold but in bones. this week in russia close up team is coming to us from the far eastern and more region now for many this region's distinctive juice to its proximity to china and its not reserves of woman cereals 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 sweeten firmly on the map. u.t.v. lot is a man obsessed with the power of a bygone age when dinosaurs rule based part of russia he may have been born in the countries that western areas but it's the far east on tap jurassic history in the regions which he's devoted his adult life the rest of her very near exist to this

side to be known since about nine hundred forty eight there would have been unbelievable number of bones are buried here and i think we'll be digging for at least another two years with literally everywhere here the our 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 a decade ago led to the full recognition of a new breed of dinosaur a lot a ton or giant swan at twelve nice along found almost exclusively here and it was really some of the first stops of a fragment of tail bone sticking out of the father and son went on to make a intelligent history than 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 remove the ground around it from a horrid euthanize your your current. where

a girl for very slow because. more bones in the ground around it. but why does it. put your ear and his team have been excavating this site for the past three years and already they found well over a thousand dinosaur bones approximately sixty five million years old but they believe that the bones of hundreds of more diverse schools i get to be found within this small plot alone i am told that these will most likely be fragments of another giant duckbilled planting to unique to the region and named in his honor the and more so worse is another previously undiscovered breed credited to team the lot ski which includes notes hal you're also a scientists it was she who came up with both steiner saul's names as well as taking day to day charge of running the region's only paid homage in the poetry and museum each new discovery mystery carefully cooled and examines the aim is to

inspire the next generation of dinosaur how much of this was on ensuring the family's feeds don't go to our members but i reckon. that one up here you can see a photo of your blood ski at the excavation site and here you see photos of i'm going to source this is the skeleton of an annoyance or it's led astray hookey reptile isn't it and so learn from the follies of history charles mars and this is charles marsh an american probably 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.v. lawsky comes from a long line of scientists who chose to follow their own instincts and secure a more its place in the history books as one of the world's foremost sites for paleontology it was there just terminations a new small amount of digging that reveals a dinosaur junkyards alan sivits r.t.

. it is arthur you are right about us dr it's a serious top tier credit rating taken doc if you or i get into debt the bank is all over us without delay yet it's only now about about which owes trillions is seeing its credit score decline online a talk show host laurie harvest asks people in new york why americans are so keen on or. why do you think so many people allow 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 the lifestyle and that's what they want is so much advertising and people just want you 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 if it's a is it worse for you to be into 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 we don't you trust yourself to do the right thing and live within your means i do mean that such that i could pay it off debt is dead it's bad for governs best for individuals and the government should show leadership so 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 hope that 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. but i want to stay with us here on r.t. are coming up your way shortly the aviation world's high flyers will be in moscow later this month he looks ahead to just a few minutes that's after a week of the headlines with me interested. the history of this place runs through the centuries. a paradise for archeologists zoo ologists and ecological tourists. what one fatal nice shots destroyed the harmony of life.