today we're talking to f.o. him and all the author of several books among them gods of money wall street and the death of american century and he is also a political risk consultant so we're going to discuss several more several of the most burning out political and economic issues in the world today mr engel thank you very much for joining us to be here to start off basically a never never before has the world faced so many economic and political problems all at the same time would you say that these conflicts which we're seeing today in terms of here in the dollar situation and what's happening in northern africa and in the middle east do these conflicts trade off each other are they somehow related or not particularly what i see all these conflicts the decision to libya the crisis with the dollar crisis with the american economy and the conduct of

american foreign policy in the last period. is all part of a breakdown of the entire super power structure that was built up after b.m. of the world war two and nobody in washington wants to admit just as nobody in britain a hundred years ago wanted to admit that the british empire was in terminal decline all of this is related to the attempt to keep this sole superpower not only intact but to spread its influence over the rest of the planet and that. not surprisingly much of the world is not too eager to see that so when you say that what's happening in the middle in the middle east or northern africa right now is basically an attempt on the behalf of the united states to keep its game up very much so the. plan was first announced by george w. bush when he was president just after the invasion of iraq in two thousand and three at a g eight meeting and it was called the greater middle east project and that

project they they published a map of what they had in mind was the control and the. democratization as they call it of the entire islamic world from afghanistan pakistan down through iran syria. the persian gulf area the oil producing states there and across north africa all the way to morocco. and the events the so-called arab spring had been planned years back and the instigators of those so-called spontaneous protests these twitter revolts in cairo and tunisia and so forth over the last months have all been. organized the city was saying some of the people leaders of the protests have been trained in belgrade in serbia by old poor activists financed by the u.s. state department. this thing has state department and u.s. intelligence all over it. and why why are they doing this well two things in my

view one. there is vast wealth in the hands of the leading circles in the arab world vast wealth sovereign wealth funds of countries like kuwait. and other countries but also just the resources and one of the agendas is to introduce as was done in the soviet union after nine hundred ninety one with the collapse of the soviet union the agenda of i.m.f. privatization free market economy and so forth so that western banks and financial agencies and corporations could come in and take the plunder the second agenda is militarily in places such as libya or south sudan the so-called republic of south sudan to militarize those oil sources that are directly strategic to china's future economic growth so this is all about controlling eurasia something's

a big numbers and so he talked about it back in one thousand nine hundred seven in his famous book the grand chess game. and controlling especially russia and china and any potential cohesion of the eurasian countries economically and politically but as a result of they are the so-called arab spring what can we honestly say that middle east and. northern african countries which have gone through with the changes have they really become more democratic gyptian tunisian friends of mine say that it's just the opposite the economy is in far worse shape libya had the highest living standard in all of africa before the bombing of nato today the country is in ruins because of those bombings not because of could offer. the economy of egypt is in dire straits the military remains in control they were and the military high command of egypt was sitting in the pentagon when the revolts kicked off and waited for a signal from the pentagon when to return and take control of those events so while

the instigators of the conflicts who will turn who seem to be you know the united states and maybe some of the european powers that you know look at libya will they be able to restore normality in these countries or is it not even in their interest i don't think the give a moment's thought to normality or normalization i think what their concern is especially the pentagon is military control the next step will be on this so-called transitional national council in libya is to have that puppet government give nato permanent basing rights inside libya something they never had before under gadhafi sudan some of the things defenseless unless they have nato forces in there the african is coordinating this the pentagon's africa command which is. interestingly enough created just after china's two thousand and six africa diplomacy were forty heads of african nations were invited to beijing and enormous deals were signed with the chinese companies for oil exploration to build hospitals give soft loans

everything the i.m.f. didn't do in africa in the last thirty years the chinese begin doing and that had enormous results for china i know that you have a very interesting opinion of this who was you say pace towards that ways by the united states well you have to go back to the role in the last twenty or thirty years actually began in the eighty's with the role of the dollar as world reserve currency and china has an enormous trade surplus wal-mart is essentially an outpost of chinese manufacturing in america today so the three hundred billion plus surplus dollars that the central bank of china masses every year what do you do with that well there's few markets big enough to invest in a supposedly big could buy gold for their central bank reserves which they are doing by the way but the only place they can invest it as they see it right now or until very recently is either in dollars or in the euro they've got something like

three trillion dollars of u.s. dollar treasury bonds or bills as their reserves today so in effect. the u.s. would not be able to finance the deficits that they're running. to wage those wars in afghanistan or wage those wars in iraq or in libya unless the chinese were buying u.s. treasury bonds so ironically the chinese are financing wars directly directed against chinese national interest for energy security or would you say that the united states is going to has any chance of resurfacing from the crisis that it's finding itself in right now the only way as they see it they can they can survive and keep the dollars there instrument wall street i'm talking about is the gods of money and so i call it in my book. is to find new areas of loot so the arab spring is directed against grabbing and privatizing the vast wealth of the arab oil world

in the arab world generally just as the use of the i.m.f. in the former soviet union was consciously designed by wall street and by washington in order to plunder the vast resources of russia and the former soviet union and warsaw pact countries so if the dollar does not retain its superior status do you think there's any likelihood that the euro will retain it or inherit it rather well one reason that there's this difficulty with greece and these so-called euro zone weaker economies is that this is part of a kind of a covert financial warfare between the dollar and the euro was a reserve currency it started when the chinese started complaining publicly about the. flawed economic policy of of washington running up deficits and endangering the value of chinese treasury bonds so now. just when that became public. suddenly there was a greek crisis and the greek crisis was put in place in two thousand and two before

greece under the euro zone by none other than goldman sachs the most powerful bank in america arguably today politically well connected in washington so. it's very. clear if you follow the money trail that that the greek crisis was programmed to be detonated at command by wall street and the us treasury as well as the federal reserve in order to defend the reserve currency role of the us dollar but i don't see the european economies endangered as the us because one great difference europe still produces things europe still has a real industry which i believe that from going back to at the beginning of our interview we believe that there are some european countries there's benefit from the situation in raveling say in libya right now like france well i was just going to say sarkozy had a meeting in march when the whole drama in libya kicked off he invited leaders of the so-called transitional national council to paris and made them whispered sweet

nothings in their ears about having control of the oil resources of eastern libya and poured money weapons the cia and the french intelligence have been pouring arms into these insurgent groups inside libya this is an armed insurrection financed by nato countries in libya it's an old peaceful twitter revolution of a bunch of kids who have a dream of american style democracy of something this is raw power grab by the french what do you predict or in european what do you think will happen in the be a now i mean the nato troops will have to pull out at some point and then what will the. i imagine an iraq like scenario or afghanistan what do you have in afghanistan you have seventeen permanent u.s. military bases in afghanistan most of them air bases who are not bombing the taliban and they're preparing for a coming war and perhaps ten years with china or maybe with russia they've got a military bastion in the heart of central asia that's something that they never

had during the cold war. so i think libya is destined for a similar treatment what role do you think process it playing in the in the events which are unraveling right now i think russia given the history going back more than more than the cold war europe. russia can play a very stabilizing role as a as a counter force to this highly dangerous strategy of the greater middle east project of nato and the u.s. in that region russia can play a very important role blocking. some untoward events from the side of the un security council in syria i don't think china would agree you say due to the p case to the un action. in syria but in more ways than that russia can play a very constructive role i think in the region to try to counter this destabilization i would hope they do. thank you very much for your time.

a very warm welcome to you this is your news today protesters on the walls street they are. ladies and gentlemen your champions of the truth is it's a good book for example the status of the human experiment is it succeeding with after thirty weeks your prognosis in this rap music what it knows was allegedly trying to make sense of political economy and its arcane things as financial templates each of the research clambering to maintain our confidence in markets and taking on the primitive wants to be easing trade imbalances recession looks between nations close to collapsing of subprime loan foreclosed homes people. from fails

ripple a banks again feel a little like think is the us crash and imminent smash the ceiling changed just like protestant churches in athens three the i.m.f. import strikes me on just programs in greece where the term economist. would be so much brighter if you knew about song from phones to question some of. these food stamps on t.v. dot com. bookstores are not a focus on people lot of pollen or the message of thousands of protesters on the french riviera as it prepares to host the world's top leaders at the g.

twenty summit. the f.b.i. joins the halloween celebrations by sharing its own goes stories releasing surveillance footage story alex chapman and other alleged russian spies and. syria says it's ready to implement the demands of the arab league to end the crisis but only if sanctions against assad's regime are lifted. more those stories in less than fifteen minutes from now in the meantime the sport is next with dimitri. hello there welcome to the school's. champions league zealots take on chuck sure how tonight knowing a victory would propel them top of group g. . capital gains. hold credentials this season with victory in four games in the kontinental hockey league.

goals were capped all the strikes that made the difference in the penultimate wake of the first stage of the longest season in the russian printed league. so we start with football was. preparing to kick off game week four in the champions league today's match single charge splits his men say in ukraine an outfit shocked the russian champions have been riding high in the competition so far already with three more points at the same stage then so previous european campaign two years ago victory at the ports at the end of september there highlights no it's on a case like this evening the russian international striker ruled out with an ankle injury shocked children while will travel on the back of an away win in their late is the mastic fixture against alexandria the result between the domestic side within a point of latest in on the cave action gets underway at eighteen forty five central

european time. ins in its group ports will aim to get back to winning ways when they travel to surprise table talk of cyprus ac milan and f.c. barcelona meanwhile will group supremacy on their minds when they take on and respectively the european giants joint top of the standings with seven points. think group a gang will be out for revenge against chelsea the belgians going down five the last time out against the blues but less informed by leverkusen else when this brought home to the entire course took place ourselves second seated i say is the pick of the group things just begun as manager hopes to solve all their problems tonight and book their place in the playoffs. so too can different. very few indiscreet condom breaks i believe. contra track shoots them

all. to. the engine continent. between the two games like we did shoot should be an interesting time but choice it's an opportunity to call if. you want to take. the russian press is reporting that f.c. of all good footballers will not be showing up to their cheesy training session the players pocketing the club which owes them seller and bonuses dating back to last year volga third from bottom and will have a chance to fight for premier league survival as the long russian season split states top and bottom teams in eight the national grid sides recently lost three nil to senate with captain anton has a hinting that the true reason for this if it lies behind the scenes a similar situation is brewing a second division side i've seen is no good players threatening to boycott matches

and never i have into the ice now where it says cost hopes of a first ever case crown have improved somewhat muscovites beating one of the league's strongest in the middle of winter gorski in the russian capital is now considered the top of reports. to scott have won just two majors out of eight against me at all when you go ask in the cage and only once on home ice this time the helm side produced an electric start in the search for a third wind discuss striking first as which is awfully i mean the red and blues ahead just two minutes in a minute and a half when you notice cost top scorer sergei shock of double the lead forcing me told to swap goaltenders discouraging start for the visitors and they seemed confused and the house left for the intermission with a comfortable two mckinley's after some probable had dried treatment from steel makers head coach for the county can't quit trying to get back into the game but he wants to increase their lead with the ball play golf because there are some was the

first in that amount up to show powerful slapshot to make it into the goal game with four minutes to go in the second however i mean managed to pull one back early in the decisive period as and all moot send them back home on a counterattack to make it three one but four minutes later to sky regain their three goal lead balloon in past to be just one of the ruck to go in the twenty four year old defender made it four one four minutes before the final buzzer melts and we have leasing the ribeye of the intrigue cutting the deficit to two goals in a power play and the visitors put everything on the line in believe dollars for next to appear but fail to get eyes and a chance is a serious cause it was just last daniel was confident between the pipes short to the final score yep and two games in are all four that passed out so when we got the two zero lead we knew what happened the last game they tied it so we didn't want to happen again and. we battle hard and in a second period we really got lucky will be there because they really pressure us

and we scored the third goal and powerplay so i think that was the point for the game we came out hard wired to where there were and were successful where there were. a couple shots to the start of the game or. imagine getting to a bowl first of all the second already has got one line up and now sits fifth in the western conference well last season's going in cup semifinalists make all continue their relatively poor before lunch and state in the. party. graham henry has stood down as head coach of the new zealand rugby team the sixty five year old manager living on a high note after sailing his country's second world cup triumph last month against france remember had managed the all blacks for seven seasons. i'm stepping down from coach. how here enough.

i've been involved in added three test matches with hundred forty in total it's been a privilege to be involved with the all blacks i a real privilege norma's privilege. proud of what. the legacy. i brought i. know it's not sorts and russia's first ever formula one movie telepictures of will be with a lotus next season the driver said to be replaced by a man crush on for the only circuit sessions at this isn't a final race in brazil g.p. two a chance. to ride instead of the trough stablemate. abu dhabi event the team has struggled this year patrols the place finish opening race find a way their best result twenty seven year old finish eleventh at the recent indian grand prix his performance was even criticised by his seventeenth of being quote on

inspire. and finally not a single game ended goalless this week in the russian prime a lake as the sides prepare to split into two groups of eight for the second half of the longest ever domestic season so let's get a recap of all twenty two stripes that found the back of the net during the penultimate round so it's goals galore time. l. l.

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ok out to death now last sports news from around the world in taus tonhalle not say what is next but now. download the official location. called touch from the. life on the go. video on demand all keys along comes an r.s.s. feeds now in the palm of your. question.

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people not finance the message of thousands of protesters here on the for. the g.

twenty summit we'll have the latest for me in just a few moments. also this hour on r.t. syria says it's ready to implement the demands of the arab league to end the crisis but only if sanctions against assad's regime lifted. the f.b.i. joins the halloween celebrations by sharing its own ghost stories releasing surveillance footage starring and other alleged russian spies our top stories this hour. international news and comment live from moscow this is r.t. with twenty four hours a day thousands of anticapitalist some marching in the french riviera ahead of the g twenty summit in turn groups of international activists are urging the leaders of the world's top economies to focus on people not finance lottie's daniel bushell is a nice where the pro.