joined below to the home of the that's the gateway to the grand imperial. the torch was. supposed to show it to say don't need to go and. read this the colonel was there to retreat. heading down standard and poor's it strips the u.s. of its highest credit credit rating it's infuriating the country's lenders with china already saying it's time to ditch the dollar as the reserve currency. israel is bracing for another round of unprecedented mass protests people rally against the government others compare the country's plight to that of revolutionary egypt. and russia's a jurassic park we take you want to trip to the remote far eastern and more new breeds of dinosaurs are being discussed.

here with r.t. live from moscow i'm rory same show you welcome to the program the united states prize a top aaa credit rating has been cut for the first time since one thousand nine hundred seventeen standard and poor's has a document because right to double a plus this comes after a last minute debt deal earlier last week and narrowly rescued the country from default s. and p. says the spending cuts agreed by congress are one and a half trillion dollars short i know it's not change the rating could plummet further in the coming years but the obama administration says the analysis is way off and will damage any recovery he's losing has more from washington. well it really is more than anything a huge a symbolic and on precedence of a 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 a.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 it potentially it is sends a message that the united states is a risky investment that it sent 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 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. and 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 that much credibility in the eyes of the world's 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 root ball 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 the united states while it was somewhat positive but

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 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 are things you can't afford right i want to meantime china the largest holder of the us immediately reacting to the news stop and go saying listen to these two q. in its debt addiction regime also called for a new stable reserve currency instead of the tom cruise through to resent asia's third largest economy that of 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 is especially after the u.s. debt ceiling debate that will go along and in many ways is what people are saying led to these lower approval rating they get 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 think a lot 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's help us this along 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 in asia has a very vast interest in this if you think about what these ratings actually means that means of the united states won't be able to repay a lot of their loans in asia actually hold three trillion dollars in the united states alone so people here are watching what's happening in the united states very

closely crucially reports are that well i mean time asian investors are ditching bones in the wake of what's been a tough week for america's economy so says investor jim rogers. all the asians already know that america's got problems all of us are already moving out of u.s. government bonds 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 dead right through the roof america is in worse shape now than it was before america spent a lot of money and people who got bad money ok better off with the overall situation is much worse america's quadrupled since then 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 ok sure the us would have thought that's why people are moving away from u.s. 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. came way too late to hit europe's stock markets which have already taken a hammering this week being battered by the eurozone a and america's debt difficulties meanwhile the e.u. leaders criticized the u.s. rating agencies blaming them of double standards saying that they will create a european one in response he started pushing has more brussels. downgraded trust in the rating agencies. as the agency of the two trillion dollar miscalculation when they saw it being this downgrade they claim to have the world's best minds working for them hasn't really surprised people here because most know that the mergers has had unsustainable that for many years now well everyone apart from the rating agencies it seems and. 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 e.u. leaders are also furious about s. and p's double standards they held long talks with the white house before this decision they preach to them about it when it would take place what would happen and that's now the white house to prepare a response to the media or 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 with this downgrade is bad for americans who will see themselves having to pay more and more interest on their loans and having to pay more that is bad really for everyone around the world who lend money to america because it raises the risk of not getting that money back. and if he were discussed this story and our joint in the studio by category list

for russians or invest cafe agency i thank you for joining us today this announcement is a heavy blow for the u.s. economy that is still piling on huge amounts of debts what happens on monday when the markets open i mean this is definitely negative news for the world for the world and for the world economy seeing as. american economies in poor state and this has largely been reflected in investor sentiment so i think we should eventually see cautious cautious purses and increase in demand for risky security because i mean we just had last week was the worst week in two years on wall street so i mean it would seem a fairly gloomy forecast for next week would you say well it's fair to say that this is not good news for investors now let's listen to one of the big boys on the block china the biggest holder of america's debt china has slammed the u.s. over the downgrade saying it's time to ditch the dollar to find another reserve currency could that happen i mean the fact of the matter is that there is no

alternative yet to the world's reserve currency from the dollar i mean. statistics from where you're from two thousand and one the world. currencies proportion of world resorts to roost has been reduced from seventy two to sixty in about ten years so. it is i'm sorry if they could be a new reserve currency if they could be one which one would it be which should be i think moving towards a basket of reserve currencies and i think china is definitely. one of the bigger players in there ok now the obama administration says the s. and p. decision is based on a miscalculation of two trillion dollars i just mean that the downgrade shouldn't happen in the first place i think it should have happened first of all the crazy agencies are trying to retain credibility and because many investors criticize them over the fact that they haven't recognized the risks with the world economy with the current crisis and. i mean this is the downgrade reflects the fundamental

problem with the american economy that they're living beyond their means increasing the debt running huge budget deficits and there are political problems which don't make it better and many say that the political process the political situation in washington is very very unstable in fact it was political squabbling and bickering over a letter that eleventh hour i must ask you the american economy apparently it's going down the drain here with debt piling higher and higher and higher china getting frustrated that it's having to you know hold more america's debt here's a country that spends more on its defense the than the entire world combined surely it is scaled back on its defense and military spending it could help to save its own economy and calm relations around the world i mean we're talking politics now and obviously didn't inherit the political situation and the economy of two wars and another one in libya going on and certainly not good news and obviously if this spending concert to happen the downgrade i mean it could be reviewed but they need

they do need to happen and the spending cuts need to happen but the political situation doesn't help all right so the u.s. economy in big trouble the european economy the eurozone also a big big trouble what is fundamentally wrong with the global economy one thing is true is that the world in many countries have been living beyond their means running huge budget deficits and piling up debt that obviously needs to be changed if if the time and the day ever came that china said to america cough it up you've got to pay off your debts and we want to know what kind of response which was for the chinese one of the biggest holders of u.s. debts and the do have political influence or rebels who are on the biggest trade partners i mean it's going to be trade implications you think i definitely but also but also america has has this huge. military. isn't in south korea all the time

saying it's to protect against north korea that is a rogue state is it possible that with america's a military influence around the world that at the end of the day if it's called out to pay off its debts you could just say we're here and what we're not going to do it we've got our military sitting just outside your front door i think it's. the interests of investors and politics to be differentiated in there and i think different parties would have to speak about this but obviously trade and politics here and. they have to they have to combine and eventually dialogue needs to happen between countries about this and i russia's deputy finance minister says that russia will not reconsider dollar investments following the downgrade how do you react to that there's still we're still be holders of this and i don't think there's going to be a fundamental change holding that american debt and u.s. currency is still the big presence or invest cafe analyst i could go to thank you very much inflation. well one small step for about one giant black hole for

government later on in the program we are in new york to ask what's the difference between our debt and those of us. it's 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 why don't you trust yourself to do the right thing and live within your means i do mean dad so it's good i can pay it off. quarter past the hour here in moscow you would not say israel is pressing itself for a fresh wave of massive government protests but activists are planning a third we kind of rallies all across the country one television street has already been renamed israeli after the square where the egypt roger price. basis of a 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 and last weekend this is the third saturday in the road that protest 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 that now the plan tonight is for demonstrators to march the last time for the bar which the british consul meet intensity has been established the final this nation is not far from here at the curia defames compound and they'll be holding a mass rally because into a number of demands on the government of the civil speakers several popular singers also plays and in the last week there have been a number of smaller demonstrations that have been held for several hours earlier this week taxi drivers blocked off a number of main roads they were protesting against the high cost. there was also another protest among teachers university professors and students and they were

united under the banner education for all i did not a demonstration just yesterday we hundreds of parents with students took to the streets and they were protesting against the rising costs and the high cost of having truth in families while these many families. have been surprised by the masses of these demonstrations and these governments are still struggling in terms of how to deal with in this incident but you can hear some people feeling this all saying that in a time job it was so obsessed with gathering intelligence for the for tell it from the mediterranean that missed the opportunity to see what was happening here white under his eyes. seem to love him. i know let's get some more insight on the situation from. general director of the organization standing by live in tel aviv israel has long presented itself as a well state how come now people say they can't even afford

a roof over their heads what's going on. in the last few years actually in the last twenty years their right wing government mostly. and his supporters change the character of these wally economy and we would see that the rich people in these were the most richest families that control most of the companies in israel enjoying benefits and enjoying their condition to grow and to develop and wild a middle class is actually fighting in order to have enough money to live here in israel in a decent environment so this is something good to people. for many years now and this is the first time where you can hear such a big wave of supporters saying we want to change just the system and we want to call today a more socially policy you are certainly seeing some pictures here taken recently show. just tens of thousands up to one hundred fifty thousand people making their

voices heard in the streets but again it's the centuries old story isn't that of the rich get rich richer and the poor get poorer now this is the third week of protests but we haven't seen any decisive action from prime minister netanyahu why i. don't believe doesn't believe this. the right thing to do for the country he has a very narrowly. only disagree with most of the message of this paper although in the last few days we can hear more and more. statements coming from the government speakers saying do they are going to change their policy because they understand if it's not just. about politics and he will not change dramatically the way that the economy system is easier then he might lose their election and he might lose a majority and require. a full of good indications this or if i may as you say some politicians are are recognizing these voices and these people that are storming the streets but i haven't you are you turning

a blind eye to this we've heard calls for a revolution during this protest could a situation really go as as far. i doubt it i don't think. lucian like we know despair or people going to the street and actually anarchy or changing the government not in a democratic way eventually this will spike is a democratic society and for that within a i don't see a change path in the political field there is a pollution in the minds of the israelis not just talking about left and right about the settlement and about the west bank but also talking about what is going on inside israel society and y.p. is day in play. what is going on with the middle class in israel the situation economic situation is really bad if you compare it to defeat ration in days really economy in general now we have noticed that the protests have received hardly any coverage in the western media why do you think that is. i think that the western

media is mostly focused on these where the palestinian conflict in this gender is not directly focused on that conflict and when you don't have a conflict between israelis and palestinian or israeli is an hour it's just interesting community also i think because israel is democracy it is not is not a feeling that. we change the government by military force of a physical force it's it's a civilian action that is taking i'm very proud of spirit as an israeli but i can understand why the media don't see is the dramatic news that can change the region all day the konami the interest of the region it's mostly it's mostly an internal issue inside these words to say and i think in amazing way to show that although we have built few patients in the conflict still inside israel it's a democracy is an internal issue in israel and yet the western media has no

problems covering the arab uprisings in the arab spring i don't feel as though you're from the peace now organization and celebrated many things. british intelligence services have allegedly been violating international law for almost a decade a leaked top secret documents suggests agents were permitted to use information taken from prisoners tortured 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 political protection from prosecution human rights activists are demanding an open and fair inquiry but fear the questions will be met with a wall of silence as tara lisle 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 surrounds the inquiry and much i think 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 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 fair and transparent and that the government will reconsider. the very problematic protocol that's been put in place. now at twenty two minutes past the hour here in the russian capital you would argue let's check out some other international news for you know in our world update thirty one u.s. special forces personnel and seven afghan soldiers have been killed in a helicopter crash in the eastern one of dark provinces according to the office of president karzai the incident marks the biggest single loss of life for american forces in the country the taliban claimed responsibility for the attack saying they shot the helicopter down with a rocket propelled grenade. give us a fresh clashes in syria have left at least twenty four dead as security forces fired on anti-government protesters as part of

a nationwide crackdown the violent six day crackdown is now reportedly killed around two hundred people probably intensified after the first friday prayers since the start of the holy month of ramadan international condemnation of the violence is growing and the u.s. is working on a new way to influence the situation beyond sanctions. well let's get back to the u.s. and its debt drama that's seen its top tier credit rating take a knock but if you are going into debt the bank is all over us in a heartbeat yet it's only now that america which owes trillions is seeing its credit score decline and one talk show host laura haven't asked people in new york now 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

grand you call 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 but it's all about thinking yes i think so is it worse for you to be into personally that it is for a government to be into. 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 do you trust yourself to do the right thing and live within your means i do but i mean that is such that i can pay off debt is dead it's bad for governs bad 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

family we can only hold 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. all right twenty five minutes past the hour here. next we travel thousands of kilometers east of the russian capital also millions of years time. this week the russian close up team is coming to us all week for the far east and more region of the many this region's distinctive jews to its proximity to china and its reserves of war materials and natural resources but 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. u.t. below ski is a man obsessed with the past a bygone age when dinosaurs ruled this part of russia he may have been born in the countries in the western areas not it's the far east on tap jurassic history in the region to which he's devoted his adult life. this site you know him since about nine hundred forty eight with an unbelievable number of bones are buried here and i think will be digging for at least another two years literally everywhere here we are no 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 move or a decade ago led to the full recognition of a new breed of dinosaur or laura to tan or giant swan at twelve mr long have all

found almost exclusively here and it was you the son who first spotted a fragment of tail bone sticking out of the father and son went on to make paleontology history than his sins followed in his father's footsteps it's painstaking work requiring patience and skill in equal measure when we discover the war we begin to remove the ground around it probably forage for your home your current and a shower. very careful very slow because there can be more warmth in the ground around it. a lives that. yuri and his team of in 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've yet to be found

within this small plot i'm told but these will most likely be fragments of another giant duck billed plant eater unique to the region and named in his honor they are more saurus is another previously undiscovered breed credited to team the last ski which includes notes hal you're also a scientists it was she who came up with both steiner schools names as well as taking day to day charge of running the region's only paleontology the poor a tree and museum each new discovery must be carefully catalogued and examines the aim is to inspire the next generation of dinosaur hunters was one ensuring the family's feats don't go on members of that. here you can see a photo of your blog ski up its creation sites and here you see photos of i'm going to soras this is the skeleton of an annoyance or it's what a stray hooky reptile isn't it and so learn from the falling of history month and

this is charles marsh an american billion dollar just in one thousand nine hundred seventy he visited moscow and announced that there were no dinosaurs in russia and everyone believed him. luckily u.-t. velocity comes from a long line of scientists who chose to follow their own instincts and secure 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 arty the more we gen. and i'll be back with more in just a minute. hungry for the full story we've got it from. the biggest issues get the human voice face to face with the news makers.