this is live from moscow prepare for takeoff this tuesday an airfield in moscow becomes the runway for the well. the annual max at present causing as technologies to mark travelers all top gun pilots but the aircraft through their paces spectacular aerobatics. watched some of the impact. the atmosphere here at the cuban air field the 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 marks show performance. to show stopper the trademark nine plane diamond of two very different aircraft delighted meg's information.

down from below the force jets looked in perfect sync but as the pilots touched down tempers run high among the. that's normal everybody cares we're all in the mood to work we all want to put on a great show. but these pilots don't think of themselves and the trainers they're serving officers the flying elite hand-picked from the entire ocean air force the best technology develops. a new was being abandoned in favor long range missiles and advanced trade. so. these demonstrations of piloting prowess just becoming a side show right. i don't think so at all the real war electronics could often be jammed so we would go back to who sees whom and how they can respond to the situation our skills will never become obsolete. and not to go again practicing for perfecting the skills only harmful in the world of old fashioned dog

fights might not be as big a part of combat as they once were but here they're keeping the art alive. field. for real birds idea of the swiss aerobatics scored in action had for the free video section of website here's what the cockpit cameras of course see the press taking pilot performances for yourself online at free video dot dot com it's a change to our seniors will be at the max twenty seven asho 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.

shape the future of. our team takes 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 there more than a decade and began last wednesday but it was only acknowledged by the company two days later then ramsay from the u.k. based people of planets you dorgan a zation think shell and the government are think 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 they 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 lawyers or the environment get in the way of getting the way of their

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 was 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 there has been of this all is well as i said it's the biggest in ten years but it's important to remember that the government and the scottish government have both got long histories of being hand in hand and in the pockets of the oil industry in this country and so with the 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 it's not surprising that the media on covering it again and again not surprising but very sad as you say 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 shiny stuff gold's fetching record prices right now industry analyst scott carter told r.t.

the push for precious metal will continue while the u.s. struggles to get its house in order. for 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 devaluing 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 it can't be worth less tomorrow than it is today otherwise the means of which we measure goods and services is subject to the whims of the federal reserve of the u.s. and i think the world is is skeptical of that so whether we have a gold standard or not if governments don't figure 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. well the worldwide shock waves from america's troubles are still leaving markets anxious when i see how age is doing right now proves that zen is an investment advisor in hong kong this is that there are many kinds of being with us this morning so how does america's debt issues in a fact that it's 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 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. the politicians in washington don't have any will to get their 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 q.e. four into a five just like japan 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 economy is in asia generally speaking are in a lot healthier state than they are in the u.s. or in europe when mr bernanke it prints money. says the value of the u.s. dollar devalues the dollar makes commodity prices go up and that causes inflationary headaches to enjoy so everything is interconnected 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 in 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 pull the problem in the vice president joe biden is actually off to beijing on

a reassurance mission health skeptical is china. china is extremely skeptical they must be very worried if i was the biggest holder of u.s. treasuries i'd be worried too because the u.s. 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 the creditors the question really is in what purchasing power are these creditors going to really pay because if they basically lend money to the a good u.s. 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 open 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 could be the long term consequences of what you've called america print saying a money like there's no tomorrow there is a domestic diva that's a safe economic message to take. world this has never worked in history unless it is different this time countries which are tried to inflate out of trouble and 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 u.s. dollar if the u.s.

was printing money alone in isolation then the u.s. dollar would have collapsed by now the trouble is every. country alice is printing money like there is no tomorrow if you look at europe these c.b.s. recently started buying spanish and italian bonds the 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 peg 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 packed 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 gold and other commodities even real estate because although the central banks and governments can print euros in sterling in dollars and francs they cannot print

bushels and barrels of oil announces of gold so if the supply of hard assets is relatively limited in relation to the money being created all over the world then logic tells me that the purchasing power of each unit of money is going to diminish or depreciate against those hard assets and i think the u.s. dollar is skating on very thin ice here. on that you mention cold air in today's a we are seeing problems on both sides of the atlantic with currencies were really under pressure with investors choosing how that sits such as gold that you were just talking about there so what does the future really hold for 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 when hard assets are going to continue to appreciate history has shown that gold does very well when the negative interest rates are prevalent in most countries and today if you look at the world the vast majority of countries

are robbing the savers and the citizens big. those people who minded their ways they served 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 that boat is in power is being taken away from them and as long as this is the case hard assets 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 the government simply engaging in deficit spending will simply transfer those wealth from the sievers to the debtors they tone 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 people currencies are going to continue to diminish in value ok. thank you very much they still speaking to us live from hong kong. and they say this hour we look at why the only way out

is an exit from europe's economic lysis we are in 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 is benefiting from the boom with some people tragically selling at their own body to survive and the illegal grim organ trade thriving because donors are hard to come by but discovering. cala a room again is alone in her tiny empty apartment in chennai 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. when to grow curry he 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 a loan that she was later unable to repay. we had a lot of debt 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 desperate 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 law meant to regulate organ donation in this country each recipient was supposed to get an organ from a donor who was in some way known to have 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 donation they normally approach friends or family for a match and when those options are exhausted rogue 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 their kidney and go under the knife they are necessary for through good news for the most a part of it to this guy is the law. though doctors are also in a blind eye to this happening to transplants from the donor to the recipient take place in the hospital simultaneously the donor 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 donors also frequently are robbed of their health before i used to run them around and work a lot but now i can do as much work as they used to i find it difficult even to leave the point of what i can go to work i have severe pain in my abdomen and my chest. 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 r t chennai india more more from prayers or insights into india on our website well i got more analysis and news that i see you his was there right now firsthand account from two survivors of the massacre on norway's a toilet as two chechen teenagers tell how they tried to stop on this but have its rampage also. solve it military secrets for the chinese drunkard why

ukraine seeking to sell china planes time and add to fences to more love and the other stories we're covering all the autumn to. the libyan government has reportedly fired a tactical ballistic rocket for the first time in the country's conflict a scud missile is said to have been aimed at rebel forces but landed eighty kilometers off a target in the desert it comes as the front moves closer to get out from the stronghold with fierce battles raging in the city of zawiya just fifty kilometers from chickadee we won libya's interior minister and his family have reportedly flying to cairo and his private jets with colonel gadhafi position their parents.

they can think it's not more like perfection according to u.s. diplomats in libya. he says he and a fair and we know there are a tourist resort 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 and with so being the top cop the senior interior minister it is a real blow to the regime in the last couple of weeks there's been some significant advances by the rebels capturing ours and we have blocked the road from tunisia they control the hill so for tripoli to juggle most. and they control the city of misrata and the east of the ridge they go tripoli surrounded on the other hand i remind you that nato forces are absolutely essential to there are some military success so far of the rebels can you imagine the embarrassment to president sarkozy and prime minister cameron and even the american president obama if he should

survive all this from the mighty is going to carry alliance on the planet when the european central bank has revealed the details of its emergency operation to say italy and spain from the debt crisis is spent a record twenty two billion years old government bonds that's ahead of today's meeting between nicolas sarkozy and uncle americal another attempt to stop the crisis from spreading as artie's anything could pull its hopes of survival within the euro zone off fading in spain. some work to live others live to work hockey market combines the two today he and his nephew run the picture framing shop set up by hawking grandfather almost a century golf 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 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 left many asking the question is the eurozone such a great idea after all the answer may just be no the country's rating has been downgraded twice since 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 the purchasing power will give citizens access to all sorts of benefits and would have been good for the wages very well could lead to the improvement of situation in spain. a key factor here is distance while the spanish struggle with days in unemployment their fate is largely being decided by the masters in chief in

brussels. with what we're witnessing here major internal problems which you cannot solve. 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 spain takes in the european union . but how it came isn't losing hope that his country and his business will eventually climb out of the slump. it will stabilize in the end it's the small businesses like mine that will do the job because three or four people take work closer to heart than large corporations something which me only be possible if spain quits the floundering federation of it erodes own and puts its own house back in order it in english court t.v. madrid. financial pundit across all the developments in europe and the latest kaiser reports here in about two hours time.

ok let's check out some more international headlines this hour and thousands of palestinian refugees have been forced to flee a un camp in the city of latakia and made shelling by government the latest military assault. of protesters has claimed around thirty lies in saturday report random gunfire raids and house to house arrest on monday in the violence torn city itself to join and choose to crush the five month long uprising against president. i'll straighten the man's been arrested in the u.s. attack on a sydney teenager and which a fake bomb was attached to her a mosque broke into the girl's family home and chained to the device for ten hours before a bomb squad. she was in the device was later found to contain no explosives but he

still think it was an extortion attempt given even though initial reports were running. israeli airstrikes on gaza 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 of the show one of the television of all states says the shelling was a response to rockets fired from gaza beer sheva on monday. ok time now for the latest business with. glue and welcome to the program as i was told you earlier moscow's international 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 buy will be majority of deals in the defense sector

of the country hopes to sell one hundred of its new medium range passenger planes like this it always superjet foreign producers boeing and expect no big deal as a twenty level however burning has been talking up the market here saying it expects one hundred ten billion dollars to be spent on new aircraft in the country in the next with yours. 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 i would say that the fact that wells have capital believes that politically there is little to worry about there is no much of an interim good looking. because well we have two candidates one of them we will go from we here in russian don't really see much difference between with to go and know that in the words that many people mr me did because the more liberal politician here with vision looks like i mean the recent economic and political development course. weans

there were actions will be the guy who can put that in the future so that's why i think that there is not much of a certainty here the reason that much of the talk to play in the world terms from. second to the markets now for the price is slightly down of the sayings and i guess in the u.s. light sweet is dropping sixty one cents brant forty nine cents for precious metals are flat so negative that gold is just just by not silver is down one third of a percent asian stocks are flat and next after strong gains in previous sessions technology firms are among the main performance on the make hay with so many up around one said meanwhile energy producers see stronger gains in hong kong with c.n.d. below sea. set and the moscow bosses will start trading in one hour's time they close strongly on monday with energy in mining stocks among the best performance

the author has gained almost four percent my six two point seven percent. markets are heading for new gains as concerns over two thousand a rerun haven't been realized that 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 voters are behind us and people. looking at two thousand and eleven and see there is no two thousand and eight. reasons first the wall other than the losses in the economy yet the second thing people are still cautious and you know this too are many soft thousand and eight and the remember that you know that created and leveraged is bad so there is not a lot of leverage in the system and finally this time what we've seen gold prices spiking that lead us to think that we will see other come what is the strength and . against the dollar as well and this is what we are watching all of the people are still aware that the paper money are not the solution to the current problem so that out you know choosing to run for come with it is and then eventually they will

go for stocks because stocks are not completely paper money there is behind the stocks so this is a thing stocks are much more safe for them you know in two thousand and eight the headlines are next on c with that let's also unix that.

and south of moscow this is aviation enthusiasts from around the world are gathering in moscow when effi old as the stage for the nato. technology if the tenth show which is also now in place by time to the performances by russia's premier pilots. energy giant shell in the british government is being accused of trying to play down the scale of a major oil spill off the coast of skull the old into under tons of old school to have spewed into the bill so you following a beat believed to be the country's worst innova decades. and india is becoming a global marketplace for all kittens but the old forwards are accused of turning a blind eye to be illegal but striving business people living in the slums say selling their own good.