meanwhile russia has notably increased funding of scientific expeditions and it's bergen and in africa to explore the archipelagos natural reaches. the capable tomei is a geologist who first arrived in baron's work in the early eighty's the collapse of the soviet union and made him trade geology for business but the recent afternoon state funding allowed him to come back as being the burden is a key to all the arctic geographically it's a place where the global weather is beautiful and jewel logically it's a unique ground for science and money and its oil gas and other minerals it's a place we simply can't afford to lose and he's country seems to agree that some of the arts the bearings work kids bergen archipelago. was his version is not the only place where russia's past is being restored as more on our website r.t.e. dot com during intervals a round made of jewels and gemstones is refurbished find out how the seven hundred

craftsman managed to restore the lost or the use of star. fan existing in a legal limbo the british man living behind bars for five years after being imprisoned without charge suffering from his own country's extradition. well coming up next is the business of date with. hello and a very warm welcome to the business program the chairman truck may command says the crisis is over in the russian automotive industry and the company is expecting to double its sales this year and it's also building a new plant which it hopes will produce of course all vehicles sold in russia by

twenty twelve companies representative in russia outlines the sales dynamics. terrible drop in still to two thousand mind we're still struggling with the present . company two thousand and ten with such enormous portable signals that we shouldn't see the seal such enormous gold leaf he says from the orders to the ship it would have sold a little bit with your competitor seven thousand two thousand two thousand even at sixty feet that is to be trucks which is by far the most anywhere in the world we've actually come out stronger after the prices of each of the vision of the market leadership last year and after all this he continued at molly's she was well in the market for the trucks and also imported which some courses. let's have a quick check on the markets oil prices are heading down as reports say in the trees have grown in the u.s. and how whether the loss is a limited by the zebras bought the european economy brant plant is trading at one hundred twelve dollars a barrel while the w.h.y.

is it over eighty eight dollars a barrel asian stocks are on the rise on thursday as investors are buying back shares off to france and germany said greece will will stay in the euro zone they carry climbed one of the hospice and moving away from a fresh two and a half closing low stock swing between gains and losses the signs down point three percent. fans here in moscow the markets have opened in the black tracking overseas gains the r.t.s. is gaining point nine percent and the my sense is getting the same number of points in other news russia's biggest gotra chemical producers suborder wants to hold initial public offering for the next two hears says the c.e.o. of the company scibor is worth more than seven billion dollars it has been mulling and offering for several years but tap to postpone it as a result will be downturn in two thousand and eight cent profit is expected to grow three percent in twenty eleven ops from one point four billion dollars in the previous year. time europe is banking sector has been under pressure mute fears

that greece is heading towards a default but on a couch gossip from the h.p. capital believes russian lenders will tweak investors' interest during the year turmoil. well obviously the multiples in which it was. projections are quite positive given given they will cross from some. even the financial sector which is under pressure in europe and the us. russia the situation is quite different because the russian banks do not have all these instruments on their balance sheet and there are getting growth for the lies the city has is improving the margins they're making quite sufficient and it's no surprise that makes the kids very bank and that and others have posted record earnings this year . and finally it's a dream any of us have to fly in our personal jets and russians are no exception before the crisis challenges in russia are generating

a turnover of one billion dollars and once again it's taking off as michael reports . pre-crisis the country's ultra rich were buying into this new level of privilege and luxury big time and it seems the good times are returning traffic is back to two thousand and seven levels and al is expected to grow by ten percent annually with its boss this month is poor roads and underdeveloped commercial infrastructure russia is tailor made to private aviation. in the last year alone the number of billionaires in russia went from sixty to over one hundred and then we look at the ultra high networks that also use airplanes for the overall industry at large that increase by fourteen percent year over year so we see the growth prospects in russia very good throughout europe middle east and africa but equally as cruising the bric countries the recent tragic accidents pinpointed other areas of potential growth the need to update or replace obsolete it costs but what is still happening

in the industry is the lack of proper legislation i think there is russian aviation business matures you're going to see a lot more legislation drop and we have seen very positive signs in the last year that we believe we're going to see being registered in russia. more craft come in the market here now a new rule allowing general aviation pilots to operate freely in uncontrolled airspace is a step forward one has to take into account that russia is the world's largest country and with it they're troubled it is key to moving around quickly in the air space liberalization is great but if you want to sit in this seat even after flying to twenty two million dollars to take advantage of its. artist michael chang proposing that that wraps up the business book for stars you can have told website archie dot com slash business.

wealthy british style. guide to the right time. markets why not. come to. find out what's really happening to the global economy

with much stronger or no holds barred look at the global financial headlines tune into cars report on our. ok back here with r.t. here's a look at the top stories videos ortiz india valid to provide freedom and democracy would people say they're afraid of any criticism of the new governments will be met with severe punishment. france and germany stand down calls for greece to be kicked out of the euro zone as the third anniversary of the two thousand and eight financial crash brigs concern and the other is close at hand. turkey signs up for nato is missile defense plan agreeing to deploy a greater system on its soil just a day after romania said it would also take part. because we have eyes here in our

city back at the top of the hour right now though by swiss banks are cutting up rough against american rules or financial watchers max geyser and state herbert explain a report that's next in our city. i'm kathleen cleaver but. this is the kaiser report there must be a big story here talk to me well max it appears that your billboard in times square was spotted your five hundred dollar silver if you want to we received this tweet from sean ono lennon max and stacy are like the eldridge cleaver in kathleen cleaver of the financial revolution that this time will be televised that sounds right. well george cleaver was the minister of information for the black panther

party and he was you know standing up against the oppressor that kept them in ghettos and you and i here on the kaiser report are resisting the financial oppressors that keep us in debt ghettos that's right it is ourselves famous for a pair of trousers that he designed the elders cleaver sleeve these are the pass i wear when i'm doing a show. so i want to show you that the financial war is on and war this war is over if you want it j.p. morgan chief says bank rules anti u s yeah i saw that tell us more so j.p. morgan chief executive jamie dimon was interviewed in the financial times and he said i'm very close to thinking the united states shouldn't be in basil anymore i would not have agreed to rules that are blatantly anti-american our regulators should go there and say it's not in the interest of the united states we're not doing it and this refers to recent terror on capital to nine point five percent in

relation to the banks that are too big to fail including j.p. morgan i'm really tired of j. p. morgan and. trading america like a special needs child i'm tired of him trying to convince the world that. america needs to be coddled and treated like a baby and americans want to compete they can compete except for banks like j.p. morgan that have snuffed it down with too much debt if jamie diamond resigned if j.p. morgan were shut down this would be the most greatest possible thing for american competitiveness because he's choking the competitive spigot with this debt fraud and pushing he's a terrorist he's jamie dimon the don't say that to be glib stacey however i'm saying that because the fiscal profile of a terrorist he's a psychopath he follows an outdated ideology he's going to kill himself or is god moving but i think that it's actually terrorists tend to use asymmetric warfare because they themselves are weak and they cannot fight against the power of the

empire so in this case i think j.p. morgan and jamie diamond are the empire they are operating the financial war they are carpet bombing us with debt and it's so it makes sense that people are saying yankee go home like in the vietnam war of course but the vietnam war is getting more and more residents in this era because you've got these stagflation you've got the eldridge cleaver castle and cleaver of the financial peace a chance movement back on stage and you've got the older cleaver pants which will be coming back in a huge way and of course during the vietnam war we saw agent orange used to carpet bomb the nation of vietnam our current agent orange in this financial war is high frequency trading the three hundred million pound cable that will save traders milliseconds for this is a nearly five hundred million dollar cable being laid across from new york to

london and this is in order to save six milliseconds over the current sixty five milliseconds that it takes to cross the current cables this is high frequency trading and this three hundred million pound project i mean. high frequency trading is looting ok now this is what i don't understand why david cameron in the u.k. he castigates the looters and the rioters but all they're doing is emulating j.p. morgan bankers they're looting this is a high frequency trading looting and they're getting the government they're getting these people who are looting you know sticks of juicy fruit going on the street because they're having their money stolen to pay for high frequency trading looting of course we're going to be looting of course you invited this into your own homes because you support looters at the banks in the city of london and that new initiative to splinter to banks in between the casino bank and utility bank in the u.k. of course has been delayed another five or six years because david cameron lives alluding he is in fact a terrorist is no i say that not to be glib i say that as a point of fact cameron and osborne are terrorists are going to terrorist they're

committing financial oppression they're killing people but to put this into context how much they can loot one millisecond advantage could be worth up to one hundred million dollars per year to the bottom line of a large hedge fund so max you know markets where do they get this one hundred million dollars in profits per one millisecond by stepping in front of normal trading activity on the exchange and a lot of buyers and sellers come together to effect a trade if you can step in front of those two and korea mehta trade that interrupts the normal functioning of markets and steal a few pennies from that price discovery moment you get to loot a few pennies multiply that times a trillion and you've got many many billions of dollars worth of illicit profits that go into the bottom line which incidentally is never reported because it's held off balance sheet or in a shadow banking system or a pet off balance sheet bank j.p. morgan the enron of our times there are going to zero expression if we get five

hundred dollars silver then j.p. morgan stanley goes over and that major financial terrorist be wiped out well max london is the heart of this financial war and wherever you find financial mercenaries and warriors you find prostitutes lap dancing to. takes off among students struggling with b. so apparently students in the u.k. have been saddled with debt up to nine thousand pounds per year and these fees and they're turning to lap dancing so london has become kind of the saigon of this financial war they love you long time me love you long time. and it was all risto and all this anyway you know it's funny because the airport ramp from the airport in nice that goes on to the promenade is on the way the matter what countries are having the worst financial crisis at the moment there's usually prostitutes from that country on that off ramp and you see them on or coming out of the airport and i won't be surprised these american young american girls they're soon prostituting themselves because of the financial armageddon that's visited on them from their

fearless leader oh glorious obama well it turns out that eighteen percent of the lap dancers at this one lap down some chain in london are college students and the owner of this chain says that these girls are very popular because his clients often don't expect them to be knowledgeable in interesting as well as attractive as if they like to have a lot there to talk about interest rate differentials from you know school of economics coal adds that unfortunately a prostitute themselves because i was born in cameroon raised the wish and free to take out the bail out the banks i was more money down these clubs every night this is a war she should be you should want your husband to be a little bit more above board with his economic policies or else you're going to lose him to this twenty two year old should sit down to the right answer is lap dancing spot so the carpet bombing began nine eleven two thousand and one

annual holiday in america since nine eleven it has paid to own silver gold and oil again this is a symmetrical warfare that we have identified with the five hundred dollars silver if you want it you can end this financial war it's in your power. to end this financial war the best performing asset according to wall street journal was silver it's been up more than nine hundred percent since the eleventh of september two thousand and one gold was a healthy second up five hundred sixty eight percent in oil up over two hundred percent that we called it in two thousand and two when he said go ninety percent of your portfolio into gold and silver i haven't changed my allocation sense then i'm still ninety percent goldens over max what about the psyops here because the dollar in that time is down thirty four percent but if you were to look at the other financial news programs you would think that the safe haven during this entire time it's always been the u.s. dollar is a prominent headlines and you would think in fact that the valar tile dangerous

asset to associate yourself with is silver because the psyops of the mainstream media like c n b c is a propaganda outlet like again the vietnam war if you look at those vietnam war movies or. some chick on a speaker someone saying you americans you'll never win this war hero type of thing that's what c. and b. c. is all about they're flooding the airwaves with propaganda that the dollar is good and that precious metals are bad and of course we're going to lose this war because soldiers go to five hundred thanks to you and of course many in the west think somehow that they're not the ones also being carpet bombed so let's look at this other headline in this is from january of two thousand and eleven the difference ten years makes and the chart is literally a picture that tells the palace in words and poignant down income down household net worth down g.d.p. up and yet incomes were down marks that news but workers were sharing none of it wealth of the average household down corporate profits out obviously you see that

number there the most yes corporations have been given. all the money they could possibly ever want from the government and they don't have to hire anybody and but if they can fire people again it's a model of. and you see that the two columns for the right are health insurance and oil prices those are up and health insurance of course is part of the financial sector many americans don't understand that they don't believe that they will call it socialism if you try to take that debt away from them but it's this financial war americans are stupid because they're willingly participate in group for discounts on they'll care or sushi but they won't want to group discount on health care so let's talk about more of this financial war and the debt bombs being thrown at everybody to finally headlines here max g. eight rees's arab spring financing pledge to thirty eight billion dollars so they doubled the amount they're pledging they really were at the psyops they make it

sound like we're giving aid to these you know these people in the arab spring countries and in fact it's all loans almost all of it by the g seven countries including france italy on the verge of collapse where do these people get the money the i.m.f. is also pledging thirty five billion in aid debt to these countries where do they get the money that's occupying occupying these countries of debt and debt as we've been saying debt terrorism it's dead terrorism debt carpet bombing of these countries that used as a mission of control and it's just been spreading for decades christine legarde new i.m.f. it she understands this philosophy very well she's a debt prostitute she's a debt madam if you will she's a debt madam and these countries are get prostitutes oh you mean christine legarde she she loves arab spring long time. oh yeah so and then here's another part of this financial war here max savers missed out on forty three billion pounds in

interest since march two thousand and eight so figures from the bank of england suggest that savers have lost more than forty three billion dollars since bank rate was cut two point five percent two and a half years ago but borrowers have benefited to the tune of more than fifty one billion pounds. as they have paid less in interest on their loans over the same period a good amount those it doesn't add up if you want to restart the economy raise interest rates of people can save money and that you have capital as the basis of capitalism and always it's that and that anymore and i have one final thing to say on this max and that is that to put this into context in the u.k. at the moment there's a raging debate about the fifty percent tax the bankers are resisting it but the the fifty percent tax rate will wait raise twelve point six billion over five years here forty three billion stolen from savers over two and a half years and they remain silent. for the same or the interest of the savers were killed and eldridge cleaver other new some of these give peace

a chance so is our friend on a silver liberation army all the way. to stay right there much more coming your way . today violence is once again flared up. these are the images the world has been seeing from the streets of canada. showing corporations rule the day.

buggy magnetize report imax cars are time now to go to manila and talk with iss yama yanis is an economics futurist and guest blogger and of two minds dot com zeus welcome to the kinds report thanks for having me max all right says we've covered one of your recent posts on the times a report called endgame alang debt is fraud debt forgiveness is the last and only remedy tell us about the argument you make for debt forgiveness well one of the most basic arguments for debt forgiveness has to do with arguments that have been brought up by your you know guest michael hudson and myself and others and not simply that that especially when interest is attached to it goes goes on indefinitely and it goes up a bench really even if it's

a small interest invention goes up exponentially now actually khana mees don't follow that trajectory they they usually plateau out a little bit and even decline at points and if you have debt that will go on come hell or highwater and economies that fall off or even out after a time what's going to happen is that more and more of the productive capacity of those economies are going to have to go into servicing the debt to the point where the fruits of labor and the fruits of production will be entirely consumed at some point and then assets have to be cannibalized to pay off for the debt and clearly you know people the only way to get around that is to just try to ignore it but at the point we are right now especially when it's compound by fraud and debts that are just thrown into the system of tens and maybe even hundreds of trillions of dollars it just makes. a real solid case for saying we don't know which debts are

valid which ones are not we know the basic mathematics of debt we need dep. for guinness to basically zero the value scale reestablish and reward productivity and have an i started out again with our value create value creation going from the right from the right perspective right so because of a compound rate of interest the debt is expanding exponentially whereas any growth scenario to pay off their debt is bound by arithmetic growth curve so these two will never meet so paying off the debt is impossible but let me read to you a comment that was made on our site from someone named a you one moment who said quote debt forgiveness would reward people who made stupid decisions in disadvantaged the prudent saver your response well i mean that's a real typical one but the easiest response to that as a say that's what i'm doing already i'm a saver actually i don't have that i have

a pretty decent liquid savings i don't have a mortgage payment i don't have car payments i don't have student loans but a my savings right now are being used to subsidize i mean this is what he was talking about is exactly what's happening now to an extreme degree my savings are not subsidizing banks bailouts they're subsidizing people who are foreclosing who defaulted on the mortgage who are living rent free and zero interest rate policies i'm subsidizing connotative easing i'm subsidizing skyrocketing necessities like food and gas are being complicated by this and it in the list just goes on so the first part of the question to be that's what we have now we have a pretty severely and the second part i would say is you know debt forgiveness is not about rewarding or punishing savers or debtors it's about reestablishing productivity as the basis that's the way that i view it anyway. if i had other

people that gets absolved right now i would be immensely. helped as a savior because i wouldn't be subsidizing all this phony wealth and i wouldn't be subsidizing all this debt out there and currently that's exactly what i'm doing and you know there's another thing here too i mean when it comes to relative disadvantage. yes i would lose a little bit of my bargaining power if i am you know not able to sort of go to a debt stressed home a home owner into selling for pennies on the dollar but that's not what i want i want quality of life i want communities that are sound i don't want to be surrounded by a bunch of empty houses that are just in permanent for closure and i want my father want to be able to go out with my friends without having them work two jobs to try to pay off a lot of this project in debt so i see debt forgiveness as a way to to level a lot of the playing field and i wanted to make a clarification though for my article which i didn't get into and that is this does

not mean that there will be no bankruptcy or no criminal or civil prosecution of quite the contrary and in part of for debt forgiveness would have to have those things brought forward as a way to make sure those conditions didn't continue to exert themselves after the debt forgiveness was enacted and the actual administration of that is it for another paper and i'm actually writing one on that so i don't want to get into the details but that's the general. framework that i'm dealing with ok what about the role of the central banks and the i.m.f. is is in keeping the debt issue unresolved well i i mean i go back to what you have either implied or outright stated these guys are sort of like debt drug pushers they promise the world that it's going to change if you just invest in borrowed money and so forth and if it doesn't turn out quite right then you're kind of hoped on to the payments and and those agencies have basically functioned in that way

they've done it through development and funny infrastructure projects that put countries into serious debt and then they use that debt to gain. access to resources and other kinds of things but i mean i think one of the most important things to understand here some people that the general public loses this is that these banks represent and are agents for private profit seeking banks that benefit usually a fairly narrow slice of the population they're not they're generally when you look at their actual activities to benefit the down ocracy at large i look at for instance the big mandate for the fed our central bank the federal reserve saying to keep unemployment down and yet you know private companies at least in the short term benefit from higher unemployment because it depresses wages so there's a there's a conflict of interest here and i'm not sure what the role is i see with the role that they say that they're playing.