if we get to the ground in period. that george was bush coromandel you can a little closer to joe it's a duty to go. run to the colonel was neutral position to retreat. all eyes are on the moscow's skies the world's newest aviation achievements taxi up alongside premier of hybrids a stunning show that is max twenty elected. a major oil spill off the coast of scotland by the energy giant shell and that but its governments are accused of the slippery setups to keep it quiet so. india's body bizarre a gruesome all good trade is being built leaders turn a blind eye to the illegally fraying poverty stricken people who sacrificed their health of our. power flows from russia jumped turn fold it all goes to find out the reasons behind the move on business with the still

. very warm welcome to you this is all to see live from moscow now prepare for takeoff this tuesday and airfield in a region becomes the runway for the world of aviation the annual max air say will present causing edge technologies to more travelers top gun pilots put their aircraft through their paces with some spectacular aerobatics. watched some of the tests. there. airfield stands for two of the most famous aerobatic teams in the world even in a dress rehearsal there's no margin for error. today is one of the last chances for the russian knights and the swiss to practice their new program ahead

of the mike show performance. to show stopper the trademark nine plane of two very different aircraft delighted migs information with. their own from below the fast jets in perfect sync but as the pilots touch down tempers run high. that's normal everybody cares we're all in the mood to work we all want to put on a great show. these pilots don't think of themselves and the trainers they're serving officers the flying elite hand-picked from russian air force technology develops maneuvers being abandoned in favor long range missiles and advance trader . these demonstrations of piloting prowess just becoming a sideshow right. i don't think so at all the real war electronics

can often be jammed so go back to who sees whom and how they can respond to the situation our skills will never become obsolete enough to go again practicing for hours perfecting the skills only a handful in the world are capable of old fashioned dog fights might not be as big a part of combat as they once were but here they're keeping alive. field. a real bird's eye view of the swiss aerobatics caught in action have for the free video section of artes web site here's what the cockpit cameras of course see the press taking pilot performances for yourself online at the video dot r.t. dot com it's a change to our seniors will be at the max twenty level airshow throughout the week we'll have some first class flight action as well as keeping you in touch with the movers and shakers in aviation hope be there to.

limit the approach to. the future flights to. larger chips to the max. the angry dutch energy giant shell's been forced to admit that more than two hundred tonnes of crude oil has leaked into the north sea it's said to be the worst spill in british waters the more than a decade began last wednesday but it was only acknowledged by the company two days later iran's a from the u.k. based people of planet student organization big shell and the government is complicit in oil industry problems. i think people who are used to dealing with show wouldn't be surprised at all about the lack of communication it's worth

remembering that it was only a few days ago that we admitted after years of lawyers and cover up their role in the enormous spills across nigeria this company has never let the truth or in fact people's lives or be environment get in the way of getting the way of the profit margin so so i think we certainly don't know for sure how bad it is but we do know that this is a serious spill we know for certain it is the worst spill in this country in more than a decade i've seen very little coverage of this at all and i'm saddened to say that i'm not at all surprised how little coverage has been of this although as i said it's the biggest in ten years but it's important to remember the u.k. government under scottish government have both got long histories of being hand in hand and in the pockets of the auto industry in this country and so your government to the only other potential monitors of this doing everything they can to keep it quiet in the shell particularly not talking about it is not surprising that the media on covering it again and again not surprising but very sad as you see a major incident really not reported in the u.k.

press or with america's debt train and its distressed dollar more and more investors the turning to the signy stuff gold prices right now industry analysts got carter told r.t. the push for precious metal will continue while the u.s. struggles to get its house in order. poor objective was to make the dollar stable for the world we did not achieve that and as a result what you're seeing because of the boom bust cycle inflation the valuing of the currency you're seeing a move back to the gold standard even though it's not official you see gold increasing in value you see individuals sovereign nations and central banks purchasing gold as a way to hedge against the dollar with the dollar as the world's reserve currency there has to be some sort of consistency to its value day to day you can't be worthless tomorrow than it is today otherwise the means of which we measure goods and services is subject to the whims of the purple reserve of the us and i think

the world is is skeptical of that so whether we have a gold standard or an art if governments peter out how to spend or live within their means you're going to continue to see gold take the lion's share of the increase or the appreciation and you're going to see currencies like the dollar decline in value. or the worldwide shock waves from america's troubles are still leaving markets anxious when i see how age is doing right now and as an investment advisor in hong kong this is that sentiment of being with us this morning so how does america's debts issues in a faggot still smarting from the ratings downgrade seem to be influencing the asian economy. while the downgrade was expected the u.s. is in a terrible situation and the budget deficit is partly out of control it's almost eight percent of g.d.p. the federal debt is now about ninety six percent of g.d.p. and politicians in washington don't have any will to get the house in order all

they know is to prolong the problem to push the can down the road and as long as that is the case we are going to see severe pressure on the u.s. dollar and i believe you're going to have more and more stimulus in the united states the fed is going to come out with q three which will be followed by committee for the. five just like japan to be doing for the last twenty years when the central bank of america prints money that has a profound impact on the economies all over the world especially the developing economies in asia because inflation really picks up in this part of the world because the economies in asia generally speaking are in a lot healthier state than they are in the u.s. or in europe and when mr bernanke prints money this is the value of the u.s. dollar devalues the dollar and makes commodity prices go up and that causes inflationary headaches in asia so everything is interconnected and money printing and stimulus in the u.s. is not good for the rest of the world ok let's talk about some of this and asian

economies seeing the u.s. get its house in order as you say china holds the most u.s. debt has already weighed into washington failing to still a problem when the vice president joe biden is actually off to beijing on a reassurance mission health skeptical is china. planners extremists have to go they must be very raw if i was the biggest holder of u.s. treasuries i'd be worried too because the us government is printing money like there is no tomorrow mr bernanke is unleashed huge amounts of stimulus and the us will never ever default in nominal terms because they have the printing press to control the world's reserve currency so they can always print money and pay back their creditors the question really is and what purchasing power are these creditors going to really paid because if they basically lend money to the ergo us government when the money buys them a loaf of bread and by the time they get the money back if the same money buys them a slice of the same bread that the refund of the cash is no good because ultimately

what matters is the purchasing power at the time of making the loan and at the time of collecting back that money and i think the chinese government must be aware of the same problem and that's why they are paying arms with washington and with the federal reserve and they don't like stimulus because they know that they're being robbed of their purchasing power so what do you think will be the long term consequences of what you've called america a printing of money like there's no tomorrow there is a mystic view that that's a safe economic message to take. world this is never worked in history unless it is different this time countries which are tried to inflate out of trouble have never ever succeeded if you look a lot in america there are a few inflationary collapses zimbabwe recently tried to issue a hundred trillion dollar banknotes and now you can buy anything in zimbabwe with money you need to pay for stuff from gold dust and history is littered with countries which were in

a fear system where central banks could print as much as they wanted and none of these currencies survive so the long term consequences of this monetary debasement are very negative for the us dollar if the us was printing money alone in isolation then the us dollar would have collapsed one of the. well is every country alice is printing money like there is not tomorrow if you look at europe the c.b.s. recently started buying spanish and italian bonds their solution to the debt crisis there is more debt if you look at switzerland switzerland is saying they don't want a strong currency they want to pay back the swiss franc to the euro the japanese don't want a strong currency they've been intervening trying to hold the rise in the end the chinese don't want a strong currency they've kept their currency with the u.s. dollar so no country in today's world wants a strong currency and that really is the death rattle for paper money in most countries so i think what will happen is that depending on the rate at which all the governments print money all these people currencies are going to continue to diminish in purchasing power in terms of versus hard assets such as precious metals

go and other commodities even real estate because hold all the central banks and governments can print euros in sterling in dollars and francs they can print bushels and barrels of oil an ounce of gold so if the supply of hard assets is relatively limited in relation to their money being created all over the world then logic tells me that the purchasing power of each unit of money is going to get to diminish or depreciate against those hard assets and i think the u.s. dollar is skating on very thin ice here right now you mention gold parents they say we are seeing problems on both sides of the atlantic currencies really under pressure with investors choosing hard assets such as gold that you were just talking about there so what does the future really hold the paper currencies especially for the reserve currency. as long as interest rates especially the real interest rates are less are negative in most countries as is

the case today then hard assets are going to continue to appreciate history has shown that gold does very well when the negative interest rates are prevalent in nostrum trees and today if you look at the world the vast majority of countries are robbing this savers a. the citizens because people who have minded their ways they serve their money for a rainy day they're getting our salute nothing in terms of interest in the bank account in fact they're going backwards they're closing power is being taken away from them and as long as this is the case hard us and such as precious metals and other commodities are going to continue to appreciate because when times become tough and people look for higher yields and more and more investors come to the realization that governments are simply engaging in deficit spending will simply transfer those wealth from the sooners to the debtors they turn towards hard assets as a way to protect their purchasing power and as long as real interest rates are negative and as long as politicians continue to bail out everybody in sight and continue with these reckless stimulus packages i suspect paper currencies are going

to continue to diminish in value ok. thank you very much those calls people just live from hong kong. and they said this hour we look at why the only way out is an exit from europe's economic crisis we reform and spain where a growing number of people have a soul for the sas and once again to get a grip on the mounting debt and unemployment. in india not everyone's benefiting from the boom with some people tragically selling body parts to survive and the illegal grim organ trade thriving because the owners are hard to come by as christian leaders are discovering. cala a room again is alone in her tiny empty apartment in china i like many indians who struggle to make ends meet kala is constantly in debt despite selling pretty much everything she has including her own kidney and i'm not. going to group her you

told me that i could sell my kidney i agreed because i was in a bad situation and my children were small we did not even have any food to eat when the two thousand and four tsunami hit the coast of south asia kala was one of hundreds of thousands of people who lost everything in order to get back on her feet she got along that she was the leader unable to repay. we had a lot of get i had to borrow money to buy the fishing boat the people i borrowed money from started asking me for money they said they will come home and embarrass us if we didn't pay the money just for it and vulnerable tsunami survivors soon became the perfect targets for the illegal organ trade in india it's become known as the red market every year one hundred thousand indians need organ replacements a demand that drives an illegal supply with some organs even being sold to a small percentage of desperate transplant tourists in one thousand nine hundred

four the indian government hatched a log meant to regulate organ donation in this country first that it was supposed to get an organ from a donor who was in some way known said even though each transplant was supposed to be approached by a committee of doctors it's almost impossible for anyone to stop money transactions from happening under the table in general when a recipient finds out that he or she needs an organ donor they normally approach friends or family for a match when those options are exhausted roca doctors or hospital staff can introduce the recipient to a broker usually a former illegal donor to who can scout nearby poor neighborhoods for someone who is willing to see. well they're kidney and go under the knife but it doesn't really follow through like good news for them also for the roots of this that it's not going to be this the law. though doctor of old guard of a blind eye to this happening to transplants from the donor to the recipient take

place in the hospital simultaneously to join or ends up making a little over a thousand dollars while the brokers can profit almost double that. i went to the broker he said he will give me fifty thousand rupees for my kidney it was supposed to be much more but the broker cheated us the joiners also frequently are robbed of their health before i used to run around and work a lot but now i can't do as much work as they used to i find it difficult even to leave the part of what i can go to work i have severe pain in my abdomen and my chest i don't worry and while horror stories of the red market are exchanged among locals those with no options left are forced to take extreme measures sacrificing their health just to stay alive preassure either party chennai india more more from koreans or insights into india or our website were lining up more analysis and news that article come to you is was there right now firsthand account for two

survivors of the massacre on norway's a toilet as two chechen teenagers tell how they tried to stop and that it's rampage also. solve it military secrets for the chinese dragon why ukraine seeking to sell china planes times and air defense systems more than that and the other stories will cover all the autumn talk. the libyan government has or. the tactical ballistic rocket for the first time in the country's conflict started to help it aim to rebel forces that landed eighty kilometers off a target in the desert it comes as the front moves closer to it after the stronghold with fierce battles raging in the city of zawiya just pity kilometers

from tripoli meanwhile libya's interior minister reportedly going to cairo in his private jets but kind of athens position their parent shaky excursion to egypt's looks more like the faction according to former u.s. diplomats in libya. he says he and a fair and we're there are very turkish research although we haven't seen pictures of him or his kids and on camels in front of the pyramids eating ice cream it seems like he really has defected so being a bit tough the senior interior minister is a real blow to the regime the last couple of weeks have been some significant advances by the rebels. larch the route from tunisia they control the killed so for crippling the global search and they control the city of misrata and the east of the verse to go around it on the other hand i remind you neutral forces are been absolutely essential to the small curious success so far of the rebels can you

imagine embarrassment to the president's right who is the prime minister cameron and even the american president obama you know a lot of people who survive all this from them are used to looking reliance on the planet. or the european central bank has revealed the details of its emergency operations and say it's me and spain from the debt crisis it's been direct or twenty two billion euros or government bonds that's ahead of tuesday's meeting between. another attempt to stop the crisis from spreading as artie said evolution reports hopes of survival within the euro zone are fading. some work to live others lives to work corky market combines the two today he and his nephew run the picture frame in shops that are by hawking grandfather almost a century gulf but the family firm is in a rough spot. like all in spain my business has been struggling although it's not

visible in all areas of business times have been very hard. consider this unemployment at more than twenty percent one of the highest in the eurozone it again should sovereign debt ever cross their bonds and the country's problems don't stop there despite being the fourth largest economy in europe spain is definitely feeling the bite of the credit crisis and that many asking the question is the result such a great idea after all the answer may just be no the country's rating has been downgraded twice in september of last year with moody's agency threatening to do so again in the future in fact some in spain believe the best strategy in the current climate may be an exit one. this would give us a certain autonomy it would affect positively internal processes in the country purchasing power would give citizens access to all sorts of benefits and would have been good for the wages it very well could lead to the improvement of situation in

spain. a key factor here is distance while the spanish struggle with those in an employment their fate is largely being decided by the masters in chief in brussels . or. what we're witnessing here major internal problems which you cannot solve of brussels because it's outside of the e.u. competence they have neither the finances nor the labor capabilities to help spain of course many people are unhappy with the place paintings in the european union. but who came isn't losing hope that his country and his business will eventually climb out of the slump. of call. it will stabilize in the end it's the small businesses like mine that will do the job seriously because three or four people take work closer to heart than large corporations something which me only be possible if spain quits the foundering federation of it erodes own and puts its own house back in order even those corti madrid. parents are pundit.

across all the developments in europe and the latest class reports here in about two hours time. keep. ok let's check out some more international headlines this hour and thousands of palestinian refugees have been forced to flee a un carriker the city of latakia and make shelling by government the latest military assault. of protesters has claimed around thirty lies in south a service report random gunfire raids and house to house arrest on monday in the violence torn city itself to go join the troops there tends to crush the five month long uprising against president. i'll straightly a man's been arrested in the u.s. attack on a sydney teenager and which a fake bomb was attached to her neck

a mask broke into the girl's family home and shamed the device for ten hours before a bomb squad. she was and the device was later found no explosives police still think it was the extortion attempt given even though initial reports of a ransom demand. israeli airstrikes on girls on tuesday morning have reportedly injured several people including a five year old boy the israeli air force struck four different locations allegedly targeting hamas training bases officials claim militants were about to launch on the shelf one of the television also says the shelling was a response to rockets fired from gaza at pir suffer. ok time now for the latest. and welcome to the program as i was told you earlier moscow's international air

show takes to the wing in less than an hour the organizers expect more than ten billion dollars worth of contracts to be signed over the next few days the russian government will be the biggest but i would have authority of deals in the defense sector also become troops and so one hundred of its new medium range present planes like this is always through project for producers boeing and expect no big deal as a twenty level however burn has been talking up the market here saying it expects one hundred ten billion dollars to be spent on u.s. craft in the country in the next twenty years. russia's so weakly capital fund outflows jump over ten fold in the beginning of august to four hundred fifteen million dollars many believe russia's upcoming elections are starting to influence investors' minds but allocated out of the capital believes that politically there is little to worry about there is not much with the consumers. because we'll be able to and i'm sure candidates want to. go for we here in

washington don't really see much difference between would all go in the hole that is that many people being honest i mean because i'm the leader of attention here with vision looks like i mean there is some economic and political deal of course. weans the rich and some will be the guy who can put that in the future so that's why. there's not much room here it's more not sure but in the. long it's. going to the markets now create prices slightly there are no the seeing some of my games in the u.s. light sweet is dropping sixty one cents brant forty nine cents for precious metals are flat so negative the sell gold is just just why not silvers down one third of a percent asian stocks are flat and next up a strong gains in previous sessions technology firms are among the main performance on the make a was solely up around one percent meanwhile energy producers see

stronger gains in hong kong with c. and below see over six and a moscow bosses will start trading in one hour's time they close strongly on monday with energy mining stocks among the best performance the obvious pain on the street percent my sixty two point seven percent. markets are heading for new gains as concerns over two thousand a rerun haven't been realized at least for the time being and i think any sense from a nation's capital explains the difference between recent market volatility and the latest financial crisis a lot of foreigners are behind us and. in two thousand and eleven and i see there's no sales nothing to. reasons first the world over and the old bosses me coming up the second think people are still cautious and you know this too with minnesota sales and they being remembered you know the creators of the overtures pair so that it's not a lot of the systems and finally this time would prove second gold prices spiking cleared us think that we will see other come was

a strain from. against the dollar as well and this is what we have which in no way a paper mine are not the sudden. you know choosing to run for come when it's eventually they will go for stocks because stocks are not for computer paper money they're in the stocks so this is a thing stocks are much more safer than you know in two thousand and eight i had lying when i thought he would have less healthy.

dan. thanks.