killed in special operations last year have been detained and are about to be charged one of the world's most wanted terrorists. who claims he was behind the bombing is still. a lot more news when ever you want it all. scuse me here are some of the items standing by if you that right now the trial date is set for an american woman who put her adopted russian son on a plane to moscow with just a note saying she didn't want him and he. fears the. dog disappearing act behind sharing website. and america extradited but his multiple ids means he stays in custody. student faces extradition to the u.s. for setting up a web site giving people free access to movies online it's not a crime in britain but in america he could get ten years behind bars because of

a controversial treaty between the two countries originally intended to extradite terrorist suspects but as i found out the deal is putting many british citizens in an extremely vulnerable position. from running a website in his bedroom with links to pirated movies to up to ten years in a u.s. federal prison richard o'dwyer is the latest victim of the u.k.'s controversial extradition treaty with america his actions aren't even a crime in britain but counters copyright infringement in the u.s. for the judge that was enough for richard's mother it was devastating. experience the experience impacts of this moment with you richard site t.v. shack was seized by u.s. authorities last year this is what you see on the home page now he didn't host any illegal videos itself but posted links to where users could find them u.s.

prosecutors claim richard banked two hundred thirty thousand dollars in advertising revenue from the site although he's never been to america they claim his actions had a direct consequence is their plan to be treated unfairly slightly. here because he was just pro extradition well i've heard all about but i'm just going to go with the other side anyway so. all that work that we are as. he would there when he's i'm not sure if you were there last time before when he said with a good strong argument that all went out the window completely for you know giving a no no we can't give up the time for. the u.k. u.s. extradition treaty was signed in two thousand and three supposedly to bring international terrorists to justice but many feel it's unfair to british citizens it makes it far easier for america to extradite someone from the u.k.

than the other way around so far extraditions of five to two in america's favor veteran british m.p. simming campbell's leading a review of the treaty by his party the smaller partner in the governing coalition what i argue for is that the position of a british citizen should be no worse than that of an american to and at the moment you think it's in bonds i'm in no doubt that it. was richard who are the innocent they caught up in something which was never intended to deal with people like gary mckinnon case is another that's left british m.p.'s crying out for change the asperger's sufferer has been fighting extradition for seven years he's wanted for hacking into pentagon files that he claims he was searching for evidence of u.f.o.'s a recent parliamentary debate on the treaty was so one sided in favor of changing it that a vote wasn't even needed but what's happening in there is still not enough to stop richard o'dwyer is pending extradition his case is certainly highlighted the need

for something to be done but any changes could be too late for him his case is now in the hands of home secretary theresa may who has been accused of abandoning plans to change the treaty richard and his family will get the chance to appeal the decision at a higher court but their options are rapidly running out either bennett artsy london. before we get to dmitri with the business let's do the artsy world update here on r.t. some other international headlines for you this hour a wave of car bombings has killed fourteen and wounded more than seventy across the iraqi capital and the blasts occurred mainly in shia areas of baghdad threatening to revive sectarian conflict in the country the violence has dipped in iraq for the past few years attacks are still common more than two hundred people have been killed there in a month since the u.s. military withdrawal. ten soldiers have reportedly being killed in the southwestern

somalia after a suicide bomber detonated a lorry full of explosives outside a government building the base is used by ethiopian troops who entered somalia last month to help the country battle an al qaeda linked militant group insurgents now controlled many areas in somalia. another body has been recovered from the capsized cruise ship is released coast bringing the number of confirmed deaths to sixteen over a dozen are still missing more than ten days after the liner run aground salvage crews are prepared to drain the vessels of massive fuel tanks of half a million gallons and hundreds of tons of diesel before it leaks into the sea. for a minister has laid into the french parliament for clearing what he calls a discriminatory and racist bill that murders freedom of thought the law would see people get up to a year in prison for denying the mass killing of armenians by nearly a century ago i mean yourselves one and

a half million were killed in the massacre but turkey claims the number is much less the bill still needs to be signed off by president sarkozy to become law. or the cause report is coming your way shortly that are we dealing with the annual davos economic forum in switzerland first dmitri and the business. welcome to the program you watch in business r t the ruble headed twenty's well high against the dollar on tuesday number of factors were pushing i including stronger group prices and shrinking liquidity in the banking sector economists that xander used to feel from e.t.v. capital believes the effect is temporary and the kerosene will weaken later in the . so i think that it's a temporary phenomenon that's a first quarter effect and. helped by a stronger current account because of seasonally high experts and this is no imports and. liquidity so we expect there will

to. win the first quarter and then to a great deal that we can tell what's their second half of the year. stay with matter cannot mix unemployment in russia fell at the end of last year the jobless rate dropped twenty basis points from november to six point one percent in the final month of the year according to a survey by bloomberg analysts had expected the rate to actually grow and be at six point six percent. investment in fixed capice all like machinery and building jumped six percent last year last year speaking to the modernization commission as a member of a debated the rise to the growing economy and state support for investors however he said the level of investment was still not enough for a country with the potential that russia had. almost two thirds of gold miners expect a price of gold bullion to keep growing base year according to

a survey by price waterhouse coopers the majority of them forecast a peak of two thousand dollars per ounce one of the reasons given is new financial instruments that provide exposure to the gold price currently gold is trading around sixteen hundred sixty four dollars per choice. brings us nicely to the markets starting with wells fluctuating above ninety eight dollars about new york speculation that u.s. stockpiles gained last week is weighing against those worries about iran that we've been discussing in our previous balsams meanwhile brant is just below one hundred ten dollars per barrel. so you look at the opening picture in the u.s. and the markets there are flat to negative early trading as investors worry that a greece debt deal may fall through pretty much the same picture over in year for

the same reason as greece and as private creditors continue to negotiate over the terms of a hoped for that swap deal in britain the first these down one percent the dax a one point one percent with commerzbank being one of the biggest losers and siemens is also losing after putting a drop in fiscal first quarter profit. because the closing picture in russia and my six ended percent and point seven percent down what we saw is a banking and energy stocks among the main losers lukoil notably down one point eight percent the company is planning to invest more than one billion dollars in its oil rich trips to top field in siberia however chemicals make a career on the was among the biggest gainers of the day up almost two percent it's reported almost five percent increase in production for the first before the idea of twenty eleven investment strategist at xander wraps up today. the result of that

they beat yesterday's close by. these red numbers along that huge volumes are pretty low and today people have no conviction for the direction of the market. as often our business i'll say will be back next hour with an update i'll see you then join me again. if.

the limits. to. please. and. if.

from stupid. stunts on t.v. dot com. this is r t live from the heart of the russian capital time for you headlines now and fresh rounds of attacks in libya as the loyalists retake one of the foremost strongholds of bani walid supporters of the old and new regimes have clashed in several cities all across the country. gulf states that withdraw observers from syria as the troubled country rejects an arab brokered peace plan calling for president assad to go meanwhile the e.u.

slaps more sanctions on damascus. and india reportedly finds a way to buy iran's oil despite the new e.u. embargo it's set to paper black gold with the yellow card. now as the world's economists get together for the annual forum in davos switzerland the summit founder warns that capitalism is way out of balance. take it up next in the kaiser report. max kaiser this is the kaiser report oh that rose to the starting i think tomorrow

this is the major global swap meet for dealers of weapons of mass financial destruction and they compare notes on how to destroy each other's economies for fun and profit stays in herbert max if you do a google search for davros two thousand and twelve you will find out why the banks tours are behind so why they want sopa because as you see the first two results are world economic forum that's actually the group that puts on davros number three result is from max keiser dot com that's before say and then before the telegraph before the guardian before all the international news media where first and what does it link to but original artwork from william bond's i seven you can see this right here davus two thousand and twelve too many banker species one planet no future world poncing nomic summit many species that got the gorillas the central bankers they've got the primary dealers i think there's twenty eight of them these are the ferrets that are kind of. you know meant manipulating markets to try to

ease that push of quantitative easing into the global economy well max let's turn to some banker species in the headline the first one the correlation of laughter f o m c meetings this is the central banker species the f o m c is the federal open market committee at which the polar bear oh sets global interest rates well apparently somebody had the clever idea of actually looking through the transcripts of the meetings and they found that the number of recorded laughs actually increased in frequency from two thousand to two thousand and six the peak of the global financial bubble in two thousand and one the fed f o m c erupted into laughter sixteen point five times per meeting on average in two thousand and three it was over nineteen in two thousand and five twenty seven and then in two thousand and six the f o m c burst into laughter nearly forty four times per meeting yes because they should be printing money or doing something responsible but instead

they're stroking this money. there is. who are federal reserve germans who you know the problem is that this stuff can make you see hallucinations which i'm not this is the listeners guys are selling their stone and saying. well. this is some quality money printing i can't believe this quantitative easing work and i got a nickel bag of this and they think you got my run on holy smokes. well yes so they were laughing all the way to the top here's another species of banker max it looks like these people are followers of maybe timothy leary goldman sachs enters a billion pound parallel pay universe a billion pound parallel universe drop out and pay or suffer huge bonus until they've larry said that in between as a hit well of course many people. get

a bad batch of l.s.d. often are found standing on the edge of buildings saying i'm god i could fly but that some guy carries over the new york fed i'm flying look at things in titanic he's a titanic the entire economy sinking anything is getting a hug by leonardo dicaprio while payout by investment bank equating to two hundred thirty eight thousand per employee provokes anger among unions in the u.k. but you always did say max that they have they would have to go off planet to pay off all the derivatives they've spun so well look i mean the unions are upset but the unions have no place at the table the unions have been. taken out of the equation many years ago this is a battle between savers versus speculators that's the battle unions and jobs are gone it's only about people who have capital want to save and get an interest rate on savings versus borrowers want to low interest rate on those things to borrow and speculate get bailed out actually max ok this brings me to the next species the banker and that's the global organizations like the i.m.f.

and world bank because the i.m.f. christine lagarde said that we need to bring unions back to the table because i am a foreigner of threat to global economies posed by austerity drives reflecting that i'm less concerned about over aggressive deficit reduction programs the joint statement said governments should manage fiscal consolidation to promote rather than reduce prospects for growth and employment it should be applied and socially responsible manner well let me explain something i'll give you a lesson in economics in twenty seconds it's centrally planned its central bank plan its low interest rates to favor speculators to the point where unsustainability has now gripped the global economy by the throat forcing one of two outcomes and there are only one of two outcomes a bank central banks begin to raise interest rates which would in fact spur interbank lending. which would be inflationary which is what they want to curb this

deflationary nightmare or big they raise minimum wage they double or triple minimum wage that would also cause inflation that would also cure the problem those are the only two outcomes raise rates of interbank lending or raise minimum wage to suggest anything else. is is only favoring the speculators and the borrowers to the detriment of everybody else who's not one of those people who are borrowing with impunity with zero risk remember they're not taking risks like mitt romney over you know graduate of being capital when they were out there in the private equity space slashing and burning companies left and right remember he took his zero risk his cost of capital was zero and the cost of making a mistake was zero he's just a guy who steals money who doesn't drink coffee so christine lagarde is saying that

governments in europe should stop cutting things and actually start investing and in particular investments to target civilians in education and thus equip people for the future but of course the last thirty years of these banking species are running the world has been the exact opposite it's been the bain capital model of extracting as much equity as possible from your community including the capital of human knowledge right well kristie look there are enough to give for enough ammunition to duke it out there at the i.m.f. level of sums some kind of gravity to us if they're not going to raise the wages for workers or give them some education then you've got to start raising rates at the central bank level those are your two choices so present it in this way and give them the you know either or solution because if she just goes down one path and leaves other one completely unguarded she will not make any traction in her

arguments whatsoever of course the other way to look at it is that the i.m.f. the day before had only requested an additional six hundred billion dollars from the taxpayers of the world so maybe she's trying to pretend to them make a false promise that hey we're going to invest back in new and hopefully you'll have a better future oh yeah she's she's just the stupid old old the. bag she knows what to say to get people to write the checks is a good saleswoman but she's a she's she's an assassin because these policies are killing people with their collateral damage of risk balls exploding in people's faces and destroying their lives that's terrorism well the another banking species max is the famine victim hedge funds may sue greece if it tries to force loss so hedge funds are considering suing greece and the european court of human rights after greece said that they're basically demanding a fifty to sixty seventy percent haircut for these bondholders well i'm ok so the

hedge funds are going to sue greece right now and then the european human rights court right because they know that they're the ones that are heading to the hague in these human rights court so the best defense is a good oftens because they're trying to deflect their prosecutions in these human rights courts they're trying to deflect this nuremberg trial for hedge funds and private equity groups like like romney's bain capital because they know that they'll be at the head at the end of a noose so they take the off and they say oh it's the greek people need to be the greeks oh we're going to sue greece because we raped and pillaged them for going to show them i mean this is an old strategy and the greek people i'm sorry that your country has been sold to fresh food franchises and cell phone networks but hey five thousand years of history you had a good run well i just mentioned the famine victims here is that the banker who's had too many munchies i guess you could say over his lifetime surely president

obama is joking about this have larry summers run the world bank thing so larry summers apparently has been is being floated as a possible world bank chief had floated a floated yet like a big giant macy's day balloon which which but the article points to a the ron suskind book confidence men and it talks about some little bits from inside that book inside the obama white house and one of the interesting things is that apparently larry summers. threw major hissy fits when he was not nominated to be ben bernanke to be the central bank chief to replace alan greenspan in particular he got very angry with timothy geithner who didn't support his nomination so this is what he wanted to be he wanted to be the pullup bureau in chief the fat cat top smoking those obama dollars who's a fatter pig is it larry summers or chris christie i have to look that up who's the

biggest pig but you know the fact is that larry summers and the readers editorials in the financial times are preposterous because you keep harping on about the same thing for years now we just need to increase demand increase demand increase demand by stoking the markets with more credit and giving people more means to borrow more money to go out there and demand never to as you say that there should be maybe a supply maybe a supply of manufactured goods for example maybe savings that would create capital for your capital's model he never talks about supply he only talks about demand and how to increase demand as if we're living on a planet that can support hundreds of millions of people in the us and billions of people around the world all demanding stuff and borrowing money to get that fulfill their demand but never ever actually manufacturing a single thing unless you're at foxconn a hundred thousand sleighs making i pods and i pads all day so that people in new york and flash around central park with their little gadgets making googly eyes at

each other even though they're supporting slave labor you know there has been a massive supply of financial products under him a massive supply of fraudulent financial products he was actually pushing alan greenspan to be less regulating of fraud and alan greenspan was one of the maestro's of allowing fraud to flourish as a way to provide liquidity to the markets ok let's examine that for a second the supply of financial products that are all based on debt and debt is the killer. of the economy and people demanding more debt is not the same thing as fulfilling all supplied her with a demand curve this guy larry summers is an abomination everything touches turns to garbage he uses position in government to invest in things like square that new online start up company insider trading inside information market manipulation another terrorist christine legarde some of the egg to hang them all states never

don't go away stay right there all going to talk about more stuff you to stay there . welcome back to the kaiser report i mean no state servant we're talking about the global preeminent. for financial terrorist to gather and swap ideas about financial

weapons of mass destruction out of blow up countries make money so what else you got for me those days are over well max we've already established that the regulators bankers economists and all or all of the are there stowed in their own money supply i think we've shown that pretty convincingly. and they're all meeting in davus now here's robert johnson an economist and a former currency trader for soros another big name always appearing at davus and he says economy as a profession see how to keep economists from missing the next financial crisis notice that he says financial crisis is not financial crime wave and i think that's an important thing to think about here he says that it's all about the mathematical models in particular that we need to really look at these financial market models for instance he says tend to be constructed with building blocks that assume stable and anchored expectations but as far back as one nine hundred twenty one frank knight of the university of chicago made the useful distinction between measurable

risk and unknown unknowns which he called radical uncertainty nice point was that in a period of radical uncertainty expectations couldn't be anchored because they have nothing to latch on to well this is an ongoing debate and economics and finance and what people fail to understand is that the liquidity the capital that's used to fuel capitalism come. overwhelmingly from the losers the people who make losing bets the people who make losing option bets the people make losing bets on all kinds of investments that money gets recycled into the economy and gets used by those who are able to make better bets who make better use of that capital if in fact you had an economic model that would give some predictability to outcomes then you would eliminate the entire c.

speculative capital that forms the basis of what we call free market capitalism so it's very premise is faulty to the core it shows a complete lack of understanding of markets and finance it shows a slavish devotion to academic theories that have long been discredited and it shows a major media who is incapable of challenging the charlatans what i'm saying is that he's failing to account for crying and crying doesn't fit into any financial model that we are presently using if i steal your rabbit that's not in any sort of model that is going to explain how to operate the global economy well that's not necessarily true because piracy is a concept is understood was the driving force for example of the american economy the term yankee comes from a version of the dutch word for pirate or things.