reasserted critics. and with that many people saying their country is not for sale so is greece thinks a bailout is the price they are being made to pay simply too high we'll have a report from happen plus we'll speak with our team banjo contributor dimitri copayments. occupy wall street protests are gaining momentum this friday and we've been there since day one covering them today we hear from yet another woman who was pepper sprayed in the face by police plus what's up with the mainstream media saying protesters are overreacting to being pepper sprayed we'll also have this sex always.

gets it is good for you and not only is it arguably i guess good for you apparently it's one good thing that's working for the economy to its providing jobs and otherwise weak jobs market in america. good evening it's friday september thirtieth it's five pm here in washington d.c. i'm laurin lister and you're watching our t.v. now the stock market today closed out its worst quarter in almost three years amid fears over the global economy and in the u.s. every day it seems new economic forecasters are coming out saying this country is headed to recession and in the euro zone a sovereign debt crisis threatens to bring down her house countries perhaps banks perhaps the euro and greece is considered the poster child of this crisis right now but as the country wait to see if it will

get its next bailout cash injection protesters on the street say the price being paid is simply too high there are pros shows us why. greece has been the place the child of the year i think that quite will tell me bating to expand the bella the country looks that's to get that much needed cash injection to help come with some condition here in greece but people say the price for having made to pay them for a new high earning the fellow is deadline take the first to be hit with the greek government's new special tax it's one of the measures they use in place to try to secure the next tranche of money the country needs to avoid bankruptcy the extra tax which is due to tell us about another week in the sun for people's annual income supposed to help the likes of the fixing the budget nothing more than a year's salary cuts and rises in living costs people have already breaking points

the last two years almost everybody calls at least thirty per cent of his salary or . ira cost analysis from the opposition movement entitled we pay he tells me how the need an expanded rapidly in recent months as more and more people hit that financial wall before most of the people who were offering because they wanted to protest against the unjust situation know there are thousands and dozens of people who will because. people's desperation has become increasingly evident on the streets of greece has repeatedly breaking out between riot place and protesters. even more clashes this parliament can feted yet another austerity measure in the form of any property tax. or.

just for political reasons. many people in greece now question just commute is the thing control unfortunately very very early in your resume are the bankers. is mr. bunker certain will. be. born again and again and again all of the. parts in the eurozone despite germany having that it's positively to expand the size and power of the european bailout fund the ready critics are questioning whether that will be enough insights now turn to the many challenges. still faces. who will move from greece. then to german banks to be. sure you can journey. more skilled people

you know. will be affected you will find a solution not just for grecian but for all the. cost measures failing to have the banks in this political leaders continue to struggle to convince the public which is. still hangs in the balance with these protests strict austerity measures to continue many people here the greece is a country now at risk of having good idea financial but it democratic deficit as well but. outside the parliament building in athens and here now to talk about greece and what it means for the country for the eurozone and for the u.s. economic blogger an arche contributor and also a great himself to me a trick of being a string theory. so the government is trying to get its next round of its bailout the next tranche the troika is there now deciding if it will get it but the greeks

are not happy they're protesting on the streets they're upset they're angry over these latest austerity measures or the tax hike so. what happens is that a bit scenario even if greece get this money off the going to get it but the situation has just gotten worse so. if they get the money the debt burden continues because they still run a primary deficit which means that they have to borrow money from across their creditors to pay back their creditors the interest on their debt which mean that their debt grows and at the same time they're cutting the public sector which is a huge part of their economy which leads to contraction of the g.d.p. which makes the debt burden grow more and more relative to the g.d.p. economy which makes it harder harder for them to pay back so you're seeing getting getting adele out money actually makes their debt problem work with the with the conditions that they put in place getting the money and then also cutting a starter but not liquidating the debt or not defaulting a part of it that makes it impossible because the debt is so big at this point that the interest payments are eating into capital investment and the uncertainty around the economy is making it so that investors don't want to invest in the economy they

don't want to hire new workers so it's just a spiral for the economy a downward spiral so would it be fair to say that the more bailout money that greece gets the worse it gets for the country the more billion one people the more bit below money and ultimately because they're not faulting on the debt or they're not rushing restructuring the debt if they were getting money and they also the fault of the dead would be great if they were getting money and also to be rebuilding right and they have defaulted on their right so i'm saying the real issue is the fact that they have this huge debt overhang because it's got to the point that it's so large that it's eating into all all the capital is eating into any potential for investment because everything is focused on the debt and how to get the debt under control it's already too big and trying to address it the way that the i.m.f. and the e.u. have been trying to address along with the banks is is no solution even if it is a short term solution where they get this next tranche of cash if you protest continue what happens next well i personally think will be the next time i think this is going to be the last tranche i don't think i think at this point the you or

a lot of the people in europe are beginning to realize that at least. greece and i think also i portugal and ireland are into big trouble to simply continue to address the problems piecemeal the way they've been doing it i think that at this point they need to have a structured solution for greece for ireland from portugal i think spain also and then figure out what we're going to do with italy i don't know if that's a much bigger problem but i think that in late late this year early next year some sort of solution will need to be devised that incorporates greece ireland portugal spain perhaps in a total kind of restructuring package either that or greece is going to have to unilaterally default but unfortunately greek people have a government actually represents them so that's their biggest problem they don't have a debtor that's negotiating us a better with the creditors they have kind of a debtor that's negotiating with the creditors on that on their behalf against the greek people which is what the greek government's been doing is there a broader lesson for the euro zone is this what you're saying is essentially

a lack of a voice by the people that's undemocratic is this a broader issue and here is on that gas that's it right i think so i mean we saw that in ireland too they elected a new government nothing changed for them and in the case of ireland it's a really egregious scenario because you have the banks but dump the liabilities on the on the government not the government is bankrupt and it's going to the banks and saying help us meanwhile you know so i think it's a it's a much broader crisis in the you also bring in the banking sector in europe and the threat of contagion there because they have exposure a lot of banks like in the very best in in france and in brussels in belgium they have a lot of exposure to sovereign debt so if a country like greece let's say with a default which you think is going to you think eventually is going to thought one way or the other whether it's a structured default or unilateral the fold but if it was a euro unilateral default or in a way that was on structured kind of the way lehman happened in a way it was it happened because people are expecting it versus if it happens in a way that's planned right it happens in a way that shocks the market that would have an effect on bond yields for sovereign

borrowers so would make people would probably drive a yield far in cost for countries like italy. that's a photograph of a wine that suffering as right it would probably lower them from countries like germany let's say right and it would spike them for countries like italy could even send them up for for france so would have better effect on sovereign bonds and then the condition it's like is also because banks have this debt on their balance sheet then they have to write down as debt and then these banks have exposure to other banks and so that can be create a banking crisis not just a crisis and sovereign that's in the periphery so that's that's the effect that one small country can have after a fight right so how does that contagion effect the united states. well a lot of us banks are supposed to on the hook to european banks through the credit default swap market so they've insured a lot of this debt that's on the books of european banks that's one way that they're affected effectively a lot of a lot of these banks hedge their bets over the counter which means of

a hedge them bilaterally with other banks so that's that's the real threat and the real risk of contagion when it comes to the u.s. banks or other banks it's how does this affect u.s. banks on the derivative side and of course you also have the larger issue which is what does this do in terms of recession because in a recessionary environment it becomes harder harder for everyone to repay their debt and when you have a very large amount of that in a recession it compounds itself deflationary. and interestingly someone came out today who is an economic forecaster who has a good track record his name is luxman x. you've been and i'm sure i saw that but he's an e.c. are i got it right before he said that we're tipping into a new recession in the united states that there's nothing can that can be done about it and he cites the risk of contagion it is what you just described exactly what he's talking about as far as the recession is concerned yes because if you have a recession then there compounds the problem even more because it lowers g.d.p. and it makes it more the effect of the lower your income so it makes it more

difficult for you to pay the interest on your debt it makes it more onerous because the debt is all relative right that's why a lot of people talk about inflating the debt away if you were to pump money into the system you would make the debt burden lower relatively because it's a nominal terms so i think that's what you mean when you say that and more and more economists are coming out and saying that we're going to heading into a double the euro roubini has been saying that as well you know i think there's a sixty percent chance now or more coming out is on the mainstream seem to be six counting weekly jobless claims is an excuse to say that maybe we're not but you just wrote down a lot of reasons why we should be concerned that we certainly appreciate that it's a neat trick of the nazi as an economics blogger r.t. contributor and also a greek now if the economy continues. hit average people very hard occupy wall street continues as activist efforts to fight back now the movement appears to be gaining steam it's getting support from a number of unions the new york transit workers voted to support occupy wall street and they're supposed to be joining a protest was this afternoon in our reporter will get

a report to us in the seven o'clock show hopefully the teamsters union declared support the united pilots union reportedly had members protesting in uniform and why you should care will this a get interesting unions are a large part of why we see so many people turn out to protest in other countries and countries in europe in latin america now earlier i spoke to someone who has occupied wall street herself jessica pepper spray as a result she is protester julie lawler and to start things off i just simply asked her why she's been out there here's what she had to say i feel like. the mainstream americans haven't had their voice heard and i think that most people can agree that we have a reason to be angry and we haven't really had. a way to express that anger. typical platforms for having our voice heard aren't really working anymore because a wall street has so much power whether that's all the titian what it is typical

platforms you're referring to golf which is voting and. so you don't think your vote counts no well i mean you know it's. even broke obama. gets most of his money from wall street that's where all the money is and that's where most politicians get their money from so even though some of them may have good ideas about how to fix our economy they're still getting you know blocked so in some ways it's just. ok so you that you're saying you're angry over wall street's power versus your power you have another reason you could possibly be angry you're one of the people who was pepper sprayed at a protest over the weekend and it was caught on video if we can play a little bit about that so people can see it our viewers are watching it right now

and you can't tell exactly what's going on but it didn't look like you ladies were posing any threat maybe you could just describe a little bit about why you were pepper sprayed there now we were doing it we weren't doing anything to provoke the police and we certainly did not deserve it. the police started deploying these orange netting fences to try to block streets off and to i think separate us you know and. everyone felt trapped they didn't know where to go it was very chaotic and confusing there was a lot of police brutality going on there i watched a man with a camera get his face bashed into the stander of a car i watched another police officer beside me grabbed this lady and dragged her by the hair underneath the fence and everyone was screaming and it was just totally

chaotic and. so why did they show how did it was for an ad. i don't know that i didn't see it coming i didn't even know that any of them had pepper spray on it didn't seem like a situation to use pepper spray we were behind the fence and we were staying there everyone was confused as to why there was a fence around us in the first place but because we were on the sidewalk and we were on a public sidewalk. it was difficult to watch your fellow who would friends and be treated by the police in such a brutal way and i want to play a little bit for you of how because cox news did a debate on this earlier this week and i want to play you what megan kelly said about the reaction of you and your friends to being pepper sprayed and i want to

get your reaction to it i don't know i see these women screaming it's like they've been shot in the face you know as i've never of pepper sprayed the face but i was already argument that they've been that they're being overly dramatic that they're playing it up for the cameras but making kelly there was essentially alleging that you guys were playing it up for the cameras do you have a reaction to that you want to defend yourself. oh i felt the two girls that were on the floor screaming god the pepper spray six inches i mean right in their faces i was behind them i got a direct stream of that right in my eye and also on my skin on my face in the skin on my arms it hurts it feels like you've been slapped in the face with a hot iron it is not pleasant and it gets in your lungs and it makes you choke and you know it's it was a very scary frightening experience and it hurt i believe that. there are a lot of pictures too of afterwards my skin was really red my eyes were swollen my

fiance also got hit with the pepper spray and the second incident that happened so are you they. were you thinking at the reaction in that video was completely authentic. it was completely authentic i mean they're immediately started screaming i mean i couldn't imagine getting it right in the face they got a lot more than i did and we still came full there a painful all right there you go where you can tell you heard it from the source that was protester julie lawler. now from protesters on wall street to the rest of the people on main street who are concerned about high unemployment with poverty at a record high and a growing income gap there are very few bright signs in a weak economy and a weak jobs market and for many it seems there's not much opportunity except for maybe in one industry that seems almost recession proof and to be in high demand

our teens are among the lindo explains. it's just a lot of that. are just some of the sights and sounds from the exotic a convention in los angeles thousands of fans come here to meet their favorite porn stars and for the fun atmosphere but there's also some serious money talk going on here give it to me needs to break it is with unemployment doggedly stuck at over nine percent adventurous men and women are waiting for the job market to recover or proposal titian's to step up pass his jobs bill and we can put people to work rebuilding america we've got a different approach. from trust well washington continues to argue about how to create jobs these impatient americans are creating jobs in one of the few industries still going strong sex only. because of the jam was an unemployed mom and saw sex as

a quick and fun way to make money online she's one of several people attending a seminar on owning your own website if your competition. with a stellar it's education it's a moment it. make if you just saw the bill from toys. to penny of sex remains a business which is recession proof and there are definitely more people making money off of it thing you might expect was built in this me a former i.b.m. the multinational giant has cut its u.s. workforce by nearly thirty thousand since two thousand and five but patty gainer is enjoying much better job security by throwing sex toy parties when they can come together and build an economy that while gaiters reliant on herself well not having to show much skin but even performers who go all the way share that entrepreneurial

spirit not deny. considered modern. and we would be a bit wiggly. restaurant down the street and we're going to be willing to work you know. to do it so be it in any other name but unlike other businesses this one is creating stimulus without relying on the below in los angeles. though r g. and still ahead right here on our team a hardworking day department official for twenty three years now interrogated by the very place he pledged loyalty so why then was peter van buren treated like a terrorist suspect by his own employer next hear from the man who now could scan to lose his job after speaking out about losing the hearts and minds of the people of iraq. what drives the world the fear mongering used by politicians who makes decisions to break through that sort of people who can you

trust no one who is in view with the global mission would see where we had a state controlled capitalism school sessions when nobody dares to ask we do our t. question more. welcome back after two decades in the state department peter van buren is now under investigation for allegedly disclosing classified information and he could lose his

job and he has been interrogated as you might imagine a terrorist suspect would be why well because he posted a link on his blog to a diplomatic cable that had already been released by wiki leaks and other words one that is available to anyone on the web at any moment and has been very much public independently of van buren blog wolf now blog posts are reportedly supposed to be pre-cleared by the state department prior to publication fearing thinks there's something else going on he thinks he's getting special attention for another reason he's written a book it's a new book about how he helped lose the battle for iraq is hearts and minds as part of the civilian surge in iraq where he helped try to buy iraqis love to win the war with projects like these here are some examples from his book there was a donkey play to keep neighbors from bickering that was twenty two grand there was a round of french pastry classes for disadvantaged iraqi women at

a cost of ten thousand dollars there was a huge mural on the wall of the gym for twenty two grand and a children's art calendar which cost eighteen thousand dollars so all of those things aside what's behind his treatment now by the state department and it's just part of a larger trend to crack down on whistleblowers and dissent within the administration well earlier i spoke with the man himself peter van buren author of this book we met well how i helped lose the battle for the hearts and minds of the iraqi people and i asked him first because his interrogation sounded a little more like what i would imagine a terrorist suspect going through versus a twenty three year veteran of the state department i asked him to describe it for me. it was a little bit alarming to me i hadn't really seen this side of the organization in all the years that i had worked there they brought me into a very small grey room in a diplomatic security building satirist down there i noticed that there was

a pair or on the edge of the table i asked what they both were kind of like a tower rack and they said oh that's where the handcuffs get attached so there was an element of intimidation to this that really caught me off guard there were two agents who took turns interviewing me they i think they hope to do the good cop bad cop thing but they kind of came off as bad cop and bad or cop they were very good at that but they were very concerned about i made any money off the book where i don't need any charities and i wanted to know which charities i had donated to they were concerned that i would talk to journalists and i'd given out any classified information treating me really the way you might treat someone who was caught redhanded at the chinese embassy handing over the plans to the stealth bomber or something like that because of course something as silly as a link on the internet but to be fair i know that you reported that any blog that we're supposed to be clear with the state department of our hand and i know that a department and employees aren't allowed to look at wiki leaks documents even

though they are public is that right that's correct in fact it worked the computer firewall is set up to prevent us from looking either at the we released documents themselves or even web sites that talk about the weekly leaks documents at home however there are no such fetters and i was able to look at the documents myself as far as my question is you know so then why do you think that you've been thinking about or are getting some kind of special treatment when you throw pies a clown sometimes they're not very happy about that and my book is very truthful very accurate but unfortunately very critical of the efforts we made in iraq right now there are some five hundred foreign service blogs on the internet now to be fair most of them are travelogues we're here in ethiopia and it's a great time in the sun shines all the time or whatever but there are a few that do dress political issues and as far as i know as long as they stayed on topic on talking points well then nobody seemed to bother them about that. sure we're all supposed to clear everything in advance but the idea of five hundred

bloggers clearing five hundred posts every day person a thousand tweets and maybe seven hundred fifty based postings it's impossible to do to keep that fairly and so the states are been asked to make choices i think they picked on me because they didn't like what i had to say and kara they now but what i understand part of the state department had clear your book so what do you think happened i understand they went back and they wanted more but actually what happened is i did submit the manuscript as i was required to do about a year ago and the people who reviewed it review it specifically for classified information which there is nothing in there they review it to make sure that i'm not trying to misrepresent myself as speaking on behalf of the us government and if you read the book i don't think you can confuse what i'm saying with any official statements. it's a big organization the left hand doesn't know what the right hand is doing in the right hand doesn't know what the other left hand is doing but the quietly went through the editorial process and with publishers for about nine months and then

one day the huffington post picked up one of my blog posts and scattered around the internet and this brought the wrath of mesopotamia down on me interesting and that's why you think that you are being intimidated and arrogated by the take apart you have to see yourself queen sweden has to happen but when after twenty three years i've never been interrogated by the diplomatic security people before when in twenty three years they've never gone back and reevaluated my travel vouchers and all of a sudden everything's under a microscope and i don't have taxi receipts from a trip to peru three years ago there's a lot of silly things that go on that let the let you know that they're looking what do you think they're trying to achieve if they want their money back or the taxis in peru. which are happy to pay each other happy to pay back it was my mistake and i said here for the very first time on your show but there you have it a good mate and you will get back the money by that fact is in for a get. please stop harassing him over the blog posts getting i think he's in

there's two things that are going on here one is that the state department is very much like the mafia you don't talk about family things outside the family and i did talk about family things outside the family my book a sense of the mechanics of how the state department does its work particularly in iraq and i think that upset some people the other thing is i think once the department realized that they couldn't stop the publication of my book they wanted to send a message to the easiest books to stop are the ones that are never written and so for my colleagues out there who are seeing things and making notes and thinking about their own books watching the treatment that state organs given me sends a very clear signal that if you do want to publish a book you're going to pay a very heavy price for it perhaps your career as a vampire and author of we met well how i helped lose the battle for the hearts and minds of the iraqi people and not going to go for now for more on the stories we covered you can go to r.t. dot com slash usa you can also follow me on twitter at lauren mr.