tv [untitled] October 26, 2011 4:01pm-4:31pm EDT
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and is thought to be somewhere near libya's southern border with. this comes as relatives of the slain libyan leader and self looked to the hague to bring a war crime civil suit against nato troops to liberty striking about his convoy which they show a pose no threat to civilians for tonight it was only allowed into libya by the u.n. solely to protect citizens nato's meantime postponed its early decision to end its libya admission by the end of the month that calls from the interim government to stay on and as it is in this no i discovered gadhafi is death is not making the country any safer right now. one of the major concerns here are light weapons fire arms that are massively in the hands of the population here there are efforts from the end to see to try to collect and get people to willingly disarm and bring their weapons back but so far it doesn't look like that idea is working out we went to one collection center if you will yesterday it covers an area of tripoli and for the entire day only about ten or twelve a k forty seven have had
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been returned just to give you an idea what that number means walking down one or two blocks here in the capital you can see maybe two times or three times more that amount of automatic weapons being waved around but even more serious concerns here in terms of security about weapons storage arsenals unguarded warehouses full of weapons what happens if those weapons get into the wrong hands already human rights watch has expressed grave concern about ground to air missiles that could essentially hit civilian aircraft if they get into the wrong hands of the security situation here very very sensitive not just recently some three hundred people were found murdered in sirte with their hands tied behind their back that is sparking accusations of political executions which is exactly what these former rebels were fighting against another thing that they just stinks if you will of hypocrisy. of
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course is the way they could down he was killed and we saw the brutal hussam footage that went viral the whole world watched including of course libyans here and although of lot of the things you're seeing in the mass media is people just full of elation that gadhafi is dead that dead when you go out and speak to people and you push them a little bit you do find that there are a lot of people here that are doesn't tend to express just just horrible feelings about the way he was killed not to mention the fact that he was of course buried forty two muslim tradition he was put on display for days and only after thousands of people came to see him was he finally buried just so it's not exactly as it seems from afar what people feel about gadhafi how we come here and actually start talking to them that however not the case in the last three how some people very outspoken and happy about the way gadhafi was killed especially the mass media and acts which are telling us that's because gadhafi with him to the grave took many of his secrets of dealings with the west a correspondent with a well as we heard in
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a report the true nature of gadhafi is relations with western leaders has led to some comfortable questions for some analysts it's his son safe who could blow the lid maybe on alleged murky deals if he does get to the. well some of the details have already come to light they found documents on the floor of the british embassy in the band the british embassy in tripoli it's all close relations between britain and gadhafi before before the war started of course we're going to have a lot saif is going to have a lot information on that i think was so eve that tony blair intervened formed to help him get his dodgy ph d. degree from the london school of economics when. he was plagiarized there's a lot of things that have gone on that so you feel gadhafi knows about but the thing is this the people who really want to kill gadhafi are the families the enemies in the n.t. see is simply the heir of. law of tribal revenge to gadhafi clan did terrible
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things to people living here and now these families want revenge and that's simply their way of life there well as gruesome images of gadhafi lynching were met with cheers the prose of america's mainstream media which was quick to herald his demise is the dawning of a new libya he's got into cannes been finding out where the dancing on gadhafi is grave that was justified. it started with cheers and. the joy of killing the african leaders spread like wildfire in the us media it was just a trillion dollars to get saddam and a billion dollars to get gadhafi and libya says they're going to pay back the billion that we spent too so it's going to end up being sort of free for free for nothing so let's get in on the ground there's a lot of money to be made in the future in libya there's a lot all to be produced no american soldier killed probably great opportunities ahead seems like the perfect new word for years but one that's meant to be a lesson to others but i think it's sense of an important message to other leaders
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in the region but i tell you that these are big traders they are not very original just like saddam hussein caught amid a whole new market da he was a bad guy otoh many libyans would argue how bad he was from them considering what the donkey have done for social welfare and women's rights but i think the ire of the western audience as presented by the media he was the ultimate evil i mean it's a demonization every step of the way against gadhafi in the media today always one one man becomes the justification one leader of a country becomes a justification for destroying an entire country. for a few days the media savored the bloody music. and laughed at similarities between his character in a ditch and out of saddam hussein all the cheering about could off his killing in the eye of the public effectively a race is the bad taste after nato campaign no mention of libyan civilians killed
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in nato strikes not much talk about the destruction in the country caused by those strikes and his killing is presented as a triumph a triumph which can create a perception that somehow it's perfectly ok to invade a country and help its leader be lynched but if it's presented to such a success doesn't it become more tempting to try the same method somewhere else i'm going to check our reporting from washington. are to. say look some more news of the day and police in oakland california been trying hard to scare of occupy wall street protesters that kept coming back to the city hall there the activists wanted to reestablish a tent camp that have been torn down earlier ninety seven people were arrested then what is very important has been following developments for us. the scene that transpired on folding in oakland california is arguably the most violent scene we have seen thus far between us police officers and activist activists taking part in the occupy wall street movement police had fired tear gas flash grenades and rubber
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bullets at protesters having one man in the face with a rubber bullets and now this was all taking place and unfolding as about three hundred fifty occupy activists did not want to leave the camp grounds that they established weeks ago in front of city hall in oakland and the police in oakland california were removing them were trying to remove them and told them they could not be there about three hundred fifty activists have set up camp there five hundred riot police reportedly went to the scene and not when the clash took place it is being reported that police had fired off tear gas four different times now another man aside from the one that was hit in the face with a rubber bullet was caught in a cloud of tear gas this man was in a wheelchair and from what images show police police kept. lobbying canisters at
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him police were also seen throwing flash grenades right into a group of people that were trying to help and injured woman clearly as you mentioned this is just the latest kind of incident clash between police officers and these activists a lot of police officers in new york city and throughout the country have been accused in criticized of using rule force against u.s. citizens that are just trying to authorize and use their freedom of speech now police officials say they had no choice but to use these heavy handed tactics with the protesters they said some of the protesters began throwing rocks and bottles. police officers city officials say two police men were injured in the clash that unfolded tuesday morning in oakland california but if it's going to be the last one many people highly doubt it because as artie's been reporting the occupy wall
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street movement has been growing louder has been growing bigger and has been gaining a lot of support report a correspondent in new york called the occupy wall street protests drawn from all walks of life people whose lives have been up ended by a recession that they blame on financial fat cats these are the. one of the. from riches to rags an american fairy tale gone sour eric smith walks by a luxurious manhattan hotel the chef here for six years he whipped up posh meals for the rich and famous we did banquets for. we did parties for the past three presidents there are some really high end stuff the recession changed everything today eric is jobless and broke after being laid off on employment which is. about three months his ingredients have changed to we worked with a lot of high and. now it's lettuce and tomatoes for simple vegetable
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brought in a brooklyn soup kitchen where he volunteers as one of the cooks for occupy wall street protests the thirty eight year old detroit native dreams of starting his own business a taco truck but doesn't have the money you know it's been a struggle. has made me think about how other people are struggling even more than myself the realization that one in six americans are living in poverty i didn't want to. turn out because led eric to the occupy wall street protests calling for change i've seen it just go from bad to worse to even worse and it's really happening all over the country the food he and other volunteers cook at the soup kitchen chairs everybody in the revolution. gets delivered to the protesters who spend day and night camping out hour to eric also sleeps here at the end of the night when there's a lot of people here to the comfort zone and find myself
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a sleeping bag right on the ground usually even though the chef is penniless in this revolution he says he's been waiting for it his entire life cooking for rich back cats in manhattan and trying to get their food out as fast as possible and make sure it's perfect for the porn and the rich. greater than that always felt that it was. this way this is something that's really going to make a difference in the future and even though life is tougher than ever before eric says he would not choose to be anywhere else but here from relatively well off to flat out broke is not an exceptional biography to have in the west these days eric story is one of millions but he is one of only hundreds that have found their way from here so far distant future going to parties new york. we recently back around the table to try and restless solution to the region's debt plight many seen by many as their last chance is the banks the first in line to bear the brunt to we here are too general bush has got more on what's being agreed in brussels. silvio
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berlusconi is revealing italy's letter of intent as it's called which pledges a lot of the things demanded by brussels for example to raise five billion euros from sterling of state assets and also to cut back on job protection measures he's also pledging to increase its nice pension age to sixty seven it took the offer of resignation by mr berlusconi to get the parliament to pass this and a new round of austerity measures in fact fist fights broke out in the parliament today as tensions rose over all of this it's really been reported mr berlusconi will still quit in the new year in return for getting these measures through one italian politician said they won't take any lectures from nicolas sarkozy of france which he says has the same i grew gated it as rome itself now there's been called traditions also on what's been achieved today the polish leader said that there was
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a deal on bank recapitalization in place but the prime minister of britain says there's only been good progress to create this country which would support the banks if the greek economy goes under the exact sum by which the bailout fund is being increased won't be revealed till november all this saying at the moment it's being increased by several times e.u. leaders here have generally been in a very bad mood. is not usual enthusiastic self he's been very down beat nicolas sarkozy usually speaks to reporters as he arrives on the red carpet by the building he paused and today the greek prime minister did speak to the press he said that the greeks are making a superhuman effort to make greece's economy viable but bookmakers have greece now two to seven to quit the euro and that means that they think it's extremely probable all ords own as the gambling industry puts it that greece will leave the single currency the bookmakers don't usually get it wrong the summit is expected to
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run over time into the new. it's the exit u.k. chancellor alistair darling's says that they should lock themselves in the building the e.u. leaders should stay here in the e.u. commission building on till they get a comprehensive solution because otherwise it will be panic stations for the world stock markets which had another terrible day today. for a war brussels could hope to achieve tonight as well as the greek arms purchases let's go live to marshall bacchis a global investment strategist at madison street partners he's joining us on the line now from denver usa. very good evening to you thanks for being live on r.t. right now the e.u. has already announced several for its a pleasure eyes of its bailout fund at the same time as telling investors there are serious losses you want to vest yourself would you put money into the bailout fund right now. no i wouldn't i think it's fundamentally unfair
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look for the problem of the of the whole. e.c.b. or brought the eurozone economy is one of financial architecture you've got to go back to this flawed financial architecture would started with with the currency union without a fiscal union but we were all told that one ball was the same as another whether it be an italian bond or a german board and now effectively the rules of the games have been have been changed in the bank has been forced to take this haircut in effect they're being punished for the wrong thing. but i guess you know the argument is even if you have fifty percent haircut even more some people are saying might come out of this seems much more preferable doesn't it to a complete greek collapse the has made it this far i mean what's to stop them from roughing this out to the very end now do you think. well the problem is the response has been completely the wrong way around the the problem is fundamentally one of national sovereignty as you say the bonds are trading at very distressed levels because these countries are all perceived to be insolvent it's not just
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greece it'll move on to portugal italy spain and maybe ultimately france and germany so you have to first deal with the problem of national solvency and the way you do that is by creating a mechanism whereby all the bonds are deemed to be money good and you can only do that by involving the european central bank once you deal with the national solvency problem you won't have this issue of the these distressed bonds and therefore you won't be needing the safety substantial haircuts and you won't need the substantial banking recapitalization the banking recapitalization in any case will create a huge debt deflation spiral because all the banks they won't want to raise money at these prices and so they'll try to shed assets and if they do it all at once it will create an even bigger economic disaster this functional greece is the main crux of the problem isn't it think it really if government really appreciates what the e.u. has been doing so for thus far i mean in the context of this news line that's come out the last couple of days in athens planning to buy state of the art warships are going to cost a huge amount of money. it can
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a smirk that they don't really care about well the you've been doing i'm not so maybe that's taking it too far but what is your view on this. well that to me is part of the ranking of this i mean on the one hand you know the greeks are being criticized for being lazy probably good scrounging on the on the backs of the other countries and yet here we have the french offering them subsidized arms and shipments but god forbid that the greeks should spend any money to try to supplement the incomes of their people so it's symptomatic of this broader policy incoherence that i've already discussed it's not good p.r. and what i look at is it and in a recent article you wrote that only greek can't be blamed for what's happening in their country right now is that really true there will be after all they did elect the governments that made what looks to be and turned out to be unrealistic unsustainable promises they wanted higher wages for less work it is a time that states you just indicated it yourself alluded to if it was really to blame well again that's part of the spin that they wanted higher wages for
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less work i mean that's the german spin that somehow these are lazy probably good sort of this sponging off the greeks so the fact of the matter is that that actually greece has one of the lowest expenditures of social welfare spending in the european union if you look at the statistics from europe set and the o.e.c.d. they have considerably smaller pensions and the germans and the and the french do so i think this this notion that everyone buys into that somehow they're just scroungers of the state they have fundamentally a problem of tax evasion whereby the most wealthy in the country have for a long time avoided paying their fair share in taxes and so the bottom eighty ninety percent of the population are paying the price for that but that's really the core issue it's not that they are profligates such a fossil is german spin a final thought regardless of who's to blame here what is the best option for both greece and the e.u. now at this stage is it really default. no i don't think default is the best
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option the best option is something that i've already suggest which is that the the e.c. be should be undertaking per capita revenue distributions and you do that on the basis of population to each of the euro zone nation states could be crediting the national central bank bank accounts which can then use that money to retire public debt and that way you deal credibly with the solvency issue it's not a bail out because every single country including germany will recipient of the funds but this way you get the e.c.b. involved this is the only entity that can create unlimited amounts of euros at the stroke of a keyboard and therefore it will provide a credible solution to the problem of national sovereignty which is ultimately the core issue causing the problems here. for the big wigs of the people were counted listen to us marshall global portfolio strategy. at denver based investment management group must get the plug in and indeed follow the economists for peace and security thank you very much. thank you really ok sions from leaders of the
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summits made some headway details still sketchy they'll be much more in the forthcoming hours but they're still intensifying calls in the e.u. to leave the struggling bloc next the let's talk about that r.t. discusses the prospects of that very thing happening in the d. the future more broadly of the eurozone with the british conservative party m.p. .
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i'm in manchester with douglas cause well he's a conservative member of parliament he said the political system in this country is broken and in urgent need of reform he's also renowned you're a skeptic douglas gansler thanks for talking to us we use this catch all term you're a skeptic what does that mean old style your skepticism in this country used to be about trying to take this country back it used to be an inherently conservative movement that was about trying to take us back to a sort of one nine hundred fifty s. status quo i don't have much truck with that at all i mean you're a skeptic because i want change and i want to really change the way this country is run i think fundamentally europe is in the mess that she is today because she's trying to do too much by conscious deliberate design how currency is a mess because it's a product of conscious design agricultural policy have fisheries policy trade policy you know we need to let go and we need to allow the different parts of the
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european continent to do what suits them best incidentally i would say that that's why the european continent grew to global prominence in the first place it's precisely because we never had the political centralization that russia had that china had the mogul empire had that the ottomans had that europe was allowed to prosper in the first place so we need a decentralized europe and i'm afraid i think that means rejecting the whole e.u. project completely so you think that britain should leave the direct we should have an in out referendum and i would vote for us to come out of the european union the european union and nine hundred fifty s. political structure it's an outdated architecture for a modern continent. when we joined the european union or what became the european union in the early one nine hundred seventy s. western europe at that time accounted for thirty six percent of global g.d.p. today the european continent accounts for far less than that by twenty twenty it
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would account for a mere fifteen percent of global g.d.p. we joined what we thought. it was a prosperous trade it turns out we shackled souls to a corpse i think we're better off when you talk about an in out referendum that isn't there a middle way where we have a trade relationship with europe but without any of the politics involved in effect if we hadn't in our referendum and most people voted for asked to leave the european project as it is we know that the european landmass would still be there we would still have people with whom we want to be good neighbors personally i would like us to continue to have free trade and free movement of people between our countries we would still have to cooperate but i think that can best be done through bilateral structures or by ad hoc arrangements you know i would personally like us to stop being rather grudging tenants in the european. apartment and become good neighbors to the european countries that are next to us
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we need good relations with continental europe but we're not getting them by being in this one nine hundred fifty s. apartment block despite the fact that u.k. didn't actually join the british taxpayers the still covering the currency to the chain of billions of pounds is that wrong it's absolutely wrong you know we have found ourselves in the ludicrous position of having to bail out a currency that we chose not to join and i think it's wrong for asked to have increased british liabilities to over twenty billion to prop up a currency that i think needs to be allowed to break up you know. within europe within recent years we have allowed a new current system we created in slovakia broke away from the czech republic they did so very simply by creating a new currency when argentina had currency to the u.s. dollar turned out to be a disastrous mistake brought about by politicians and when desires when eventually they had to break that link they were able to devalue their current c.
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default on their debts and start again and as a result of that both slovakia and argentina are doing pretty well that i think is the answer for greece for portugal for ireland probably for spain and for italy another way perhaps of looking at it is that maybe the german center of the euro zone should be allowed to establish its own currency whichever way you look at it it involves breaking up the euro and greece has recently said admitted really that it's not going to be able to meet its debt certainly for the next year and possibly sixty years under current circumstances how much the british banks stand to lose in greece portugal and ireland well british banks are liable for quite a lot of money billions of pounds at least that used to be regarded as quite a lot of money until our government started printing it you know. the case the british banks are going to take a hit and they're going to take a hit not because of some abstract problem in the euro zone they're going to take a hit because their investment teams on their fixed income debts bought greek and
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portuguese and other government debt that they regarded as fixed income but turned out to be a really bad investment now when my constituents buy shares in a company that's badly run and lose money the government doesn't step in and underwrite their loss so i'm very very concerned that taxpayers in my constituency will be asked to bail out banks that brought this upon themselves now if if it is the case that we are going to have to prop up some of these banks because these banks have been so badly run such victims of their own greed that unless we do so our economy will disintegrate douglas carswell thank you very much and.
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the eurozone. debt crisis europe's banks. and. wall street protests spread police in oakland california. crimes court was dead former leaders relatives want to see nato at the hague. to come in about thirty minutes time up next though a special report for you from the island of bali which has become the world's leading destination for female sex tourists. yeah i think it's western it's more fun.
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