tons of gold in two thousand and eleven that is double what it brought in two thousand and ten lists say that china is looking for investment safe havens due to the weakness of the us dollar china has the largest foreign exchange holding of any country in the world about one trillion u.s. dollars most of their u.s. dollar for several years now chinese limits wanting the government to diversify is holding foreign exchange china's economy is. that of the u.s. and china has about nine percent economic growth why the u.s. has about one point nine percent so it is good to diversify some with the foreign exchange holdings into something not a u.s. dollar like gold but of course together with that china would need to have a say in the global financial situation right now.

by your peers in the world. and china has reverted to say in global financial matters and i think that you will have to change exposure surely the u.s. and europe in such dire. twenty minutes past the hour here in moscow this is our get to the r.t. world of the for you some other global news in brief pakistani fighter jets have bombed the two militant positions along the afghan border the attacks killed thirty one suspected insurgents in the tribal areas of design and. this comes just a week after soldiers and militants clashed on a mountaintop in court on killing over sixty pakistani military has launched a series of offensives against militants in tribal regions over the past few years . dozens of people were injured in clashes outside egypt's parliament in

cairo where protesters have gathered to demand an end to military rule they were stopped from reaching the doors of the building by the supporters of the muslim brotherhood which holds the majority of seats tensions are high between islamist supporters and protesters who accuse the movement of siding with the military and betraying the revolution that toppled former president hosni mubarak one year ago. a bomb targeting an iraqi politicians convoy has injured five people in baghdad the convoy carrying m.p. . was traveling in the mean area of the city when the blast occurred this comes just one month after he was kicked out of the secular iraqi bloc for refusing to boycott the parliament was not wounded in the blast. at least sixty people have died in eastern europe after a deep freeze and blizzard swept the region the drop in temperatures has prompted several countries to deploy the army and set up emergency shelters the highest

death toll is in ukraine where forty three people died after temperatures hit minus thirty three forecasters say the subzero conditions are expected to last at least until friday. right before we do the business with katie for an hour to campaign in the us a paid for by the israeli government as a good many jewish americans throughout the country and the commercials were designed to encourage israeli jews to return to their roots suggesting that america's jewish culture has weakened but as artie's paula reports of the odds seem to have done more harm than good. in the big commons could be the family featured in an advertisement recently pulled from american t.v. the goal is really marry to be an american jewish woman but it was saying is that man has been shouldn't have married me but the emotional response was just kind of ouch. this is one of three ads sponsored by the israeli government and eight across

the united states that evoked more than just an ouch from american jews when who is really grandparents ask what festival it is the american granddaughter happily on says christmas instead of the jewish festival of hunker the implied suggestion was that jewish identity has been diluted in america and that angered many jews who live there. american support cannot get lots of points or two. missiles and so for them. shows a toddler calling daddy daddy to his napping is really expected father who finally wakes up only when he son switches to hebrew american jews felt insulted by the suggestion that israeli jewish identity was more pure than american jewish identity but i think that that's really what bothered me about the ads as a place of almost fear mongering you know they were almost kind of trying to scare people who are living here israelis who are living here the ads were designed to

encourage its radius living in the united states to come home but critics complained they smacked of arrogance ignorance and cultural disrespect for america instead of giving positive reasons for expects to return to israel they fail to address why many had left in the first place i think a lot of american jews look to going on in israel what's developing in the parliament particular in the field stream really needed from that and they say to themselves this is not the israel that we fell in love with this is not israel that we want to defend american jewry has always been more liberal than israeli society they traditionally voted democrat and often open to a list off the docks practice of judaism then the israeli counterparts for years a rift has been growing between the two much of it based on the aggressive policies of tel aviv towards gaza and the occupation these really palestinian conflict still shows no signs of compromise and consecutive israeli governments have been unable or unwilling to reach agreement with the palestinians. even many american jews

feeling more and more alienated from israel does some of what's going on in the israeli public sphere troubled some north american jews troubled them very very greatly i have no question but that's the case since the late one nine hundred sixty s. israel has built hundreds of thousands of homes here in the whispering more than half a million people now live in settlements television nonstop was issuing tenders for thoughts and war homes to be built across the green line evoking anger and condemnation from the international community. as many as a million one in eight israelis live outside the country in the last five years the number of people who choose to leave the holy land has outpaced those wanting to come and live in israel and although the ads are no longer on the air the reasons that they provoke such a backlash in the first place are far from resolved policy r.t. television or more headlines with the wrong research in about six minutes but for now it's occurred to us.

thanks very welcome to the business program here in r.t. it is all set to be the most hyped i.p.o. in years facebook is expected to file the paperwork for its public listing in new york as soon as today the social network will reportedly sell a ten percent stake to raise up to ten billion dollars this will be a record for a technology company but as with other high profile internet. cos the head of market research in our capital says this one looks overvalued. this is. probably based on future cash flow where us were no more inclined to talk about the present because for definitely facebook is not delivering this much money right now so. maybe a self-delusion or might might be deliberate exaggeration of market well you know but it's definitely more from march march but less than that amount. and

a further effort to crack down on corruption president medvedev has ratified the o.e.c.d. convention against bribing foreign officials in business transactions this is also a key step in russia's accession to the paris based organization for economic cooperation and development according to a study by transparency international russian business men among the world's greatest bribe give us second only to china. crisis two point zero and the beginning of the end of the financial world as we know it this is how a new report by saxo bank sees the future the under reputation for having some of the industry's top analysts marina culture of takes a look what's in store for the financial world in twenty twelve. since the sovereign debt crisis is one of solvency not liquidity and the leaders have failed to address that we can expect to see a systemic collapse and this will involve a liquidity freeze across the board and

a sudden drop of at least twenty five percent on europe's i could be markets. the growth outlook for europe is obviously like it's have so let's move on to asia more disappointment there as china is expected to face challenges in rebalancing its economy but better news for us where economic growth is expected to be better than anywhere else. interest rates will go up and budgets will come down the public sector will have to face the harsh reality of wage cuts and shrinking overnights. all of the above could be good news for the save haven currencies the us dollar the japanese again the norwegian krohn but a bad year for the euro the swiss franc and the chinese yuan the experts outside the bank believe it's only a matter of time before the perfect financial storm hits and they do offer a warm consolation that it may force the authorities in to take in the right action

for a long term solution. ok thanks marina let's have a look at the markets that europe it opens up in the back and it's still firmly in the black now you can see the footsie is our one on just under one and a half percent and it's axis just and that doesn't report the european central bank could help reduce greece's debt by returning gains on greek government bonds it originally part just at a discount that but it's not region that moscow the markets have bounced back from a loss in the r.t.s. is just a fraction into positive territory bottom mike sexton is enjoying gains of nearly one and a half the sads this move on to generate the euro is gaining against the dollar and there. result is love and sometimes a year on the u.s. ties he says was called gains old across the bow. i

k. then that's all for now more business in fifty five minutes stay with. small business needs to come back. so the substance. can attach like a well trained army. villages in ruins. for thailand where time stands still.

all becomes a scene of nothing. the mysterious sounds of russia. r.t. . if you are just joining us a very warm welcome to you this is our. time for you headlines diplomatic deadlock russia says no to regime change in syria as moscow slams a proposed u.n. resolution calling on president assad to step down the kremlin's warning against using the world body. to impose outside interests on the syrian people. through the live pictures here coming in all over wiki leaks founder julian assange she's in britain supreme court it's where he's appealing against his extradition to sweden

and those are live pictures for you now back to pictures my archives here is wanted for questioning over alleged sex offenses which he denies by claiming the allegations against him are politically motivated. and that is really a campaign in the u.s. backed by inadvertently insulting many jewish families across america many of criticized the commercials saying they use scare tactics to encourage israelis jews to return to their. right to stay with us if you can hear it on t.v. now it's time for people of ellen is cross talk so the main subject for debate syria and what the future may hold in store. right now.

hello and welcome to cross talk i'm peter lavelle syria on the brink as violence escalates in this one battle country the calls for strong sanctions and even a military intervention grow in intensity what is at stake the protection of innocence or regime change that transforms geopolitics of the region. to cross talk of ends on folding in syria we have marwa dowdy and princeton she is a departmental lecturer in politics and international ations of the middle east at the university of oxford in washington we have david pollock he is a senior fellow at the washington institute for near east policy and in montreal we cross the maximillian forte he's a professor of anthropology at concordia university in montreal all right folks this is crosstalk that means you can jump in anytime you want and i very much encourage it but ok first i'm going to go to david david the the white house says that it is inevitable that assad will fall so by saying it does that make it

inevitable now i don't think thing it makes it inevitable i think what makes it inevitable the situation. where the people most of them are rising up against the regime. i think we've seen in other countries in the region and elsewhere in the world when almost the entire population of the country rises up against the government sooner or later that government will give a do we know that the the majority of the people are rising up in syria and we know that. yes we do we know that we know. but just looking at the situation the country. thousands of people all over syria risking their lives to demonstrate week after week month after month against the regime we also know from research being. people who really think.

there's a media blackout i think it's still pretty hard to say ma if i can go to you in princeton has the west decided to support a side in this conflict in syria that is rapidly looking like a civil war. well clearly there is an uprising which has continued unabated since about a year and now we're heading towards the first anniversary of the start of the uprisings. there has been a brutal repression on the part of the regime and so far about six thousand civilian casualties killed in this repression so clearly there's a situation that here they are peaceful protesters who have been crushed by the regime security imperative and that has drawn attention internationally so there's been a sigh taken in the sense that there are human rights violations and i would say it's true that the uprisings have taken you know have continued and a large part of the population is supporting it you also have

a part of the population which still doesn't know which side to take because they are afraid of what would come next and this is the part of the population which still needs to be comforted that there will be a peaceful transition to democracy ok and max if i can go to you do you think the syrians still have a chance to negotiate an end to this conflict before there is this push for another humanitarian intervention and we all know what happened in libya and what is happening in libya today. now. well i think that's extremely don't fall as a matter of fact because just recently russia offered to host negotiations between all of the different parties and as we know the syrian national council you know one of the main opposition blocs has essentially rejected that offer possibly with some foreign encouragement behind them because one of the

stipulations that they made one of the preconditions for the talks was that assad should resign so they wanted an old come of it to go she ations the outcome of a process as a preliminary condition and so that possibility of negotiations is very unlikely and from my point of view it's starting to resemble a bit what was happening in libya where the opposition consistently refused to engage in any sort of peaceful negotiations. so i think that's highly unlikely peter david david go if i can go to you i mean we've brought up libya here do you see that you see this turning into a libya like scenario where you know we go down the slippery slope of intervention when they say of what no fly zone means one thing then the reality on the ground in the bombing is another thing. no i don't think this resembles the libyan scenario partly of course because unlike the

security council. given the threat of a russian and maybe also the chinese veto will approve any kind of military intervention in syria but i think if one is looking for a peaceful resolution it's very easy to imagine how that could happen and that would simply be. his ruling clique found asylum in moscow that would resolve the situation very quickly and very but he you think that's going to happen yes i do actually sooner or later i think that would be of great benefit to the syrian people and i think that russia would be able to preserve its interests in syria and in the wider region more effectively by negotiating

that kind of outcome marlen by the opposition if i go tomorrow actually i said regime is willing to negotiate with russia even if they're not willing to negotiate with us said ok tomorrow if i go to you why do you think that the the international community to quote the whole international community meaning nato and its allies she did to determine who should leave who should be in power and who should leave power i mean this is turning into a pattern i think i would. right the libyan example is not a good case study for syria i mean there were there were calls by the transitional council for military intervention and that led to the nato campaign which by the way has created civil war today in libya there are still the spoils of war which are being fought for between the different rebel groups in the case of syria this is not a scenario which is favored by the majority of the syrian population there have been calls for a no fly zone scattered calls but i would say the majority of the population rejects any foreign military intervention with the fear that this would lead to the

fragmentation of the country and in fact the start of civil war now we see that the conflict has started to become militarized because the civilian population is defending itself it's being besieged but this is a dangerous path and i would say if there is any transition towards a successful democratization there would have to be a choice that is made by the syrian people themselves and in that case they would have to claim in fact ownership of this revolution and if there is a piece one way out which means that the assad family relinquishes power peacefully and finds a way out why not that would be in fact the ideal solution but that would mean still that there would not be delaying tactics you know talking about negotiations while repression goes on because the repression still goes on and at the same time trying to maintain itself and power that would have to be a real way out of the conflict but that would have to be decided by the representatives of the syrian people the syrian national council but also all of

the opposition movements the local coordination committees and other groups on the ground which are the ones in fact suffering on a daily basis from the repression ok. the west has jones they decide here it's what people called rebels or protesters that are actually we have desertions in the army i mean why should the outside world be getting involved in what is a civil war i don't care what people want to call it i mean you have part of the population that is getting better through outside help. yes you know that i agree peter very much. that the west has taken a side is that while it's been stated very clearly isn't stated by barack obama himself who who said that assad must leave you know that's a statement of preference for regime change. so there is an ambiguous saudi arabia has back to the syrian national council other members of the arab league

such as libya have also recognize the syrian national council as the legitimate representative of the syrian people and so there are outside interests that have taken aside the thing to understand is we live in a period of war. humanitarianism as has become the new ideology of imperialist intervention the united nations itself is serving as a kind of human rights the iter with a very selective attention and concern for particular countries and not for other countries and what distinguishes the selective ety in the concern shown is these are regimes that have been targeted by the united states that's where human rights really counts the united states wants to cast itself as being in a position as being the liberate or of arabs as being the force i will liberate arabs from themselves because they are fundamentally incapable of ruling themselves

and so what we have here is a kind of rehash of colonialists doctrine david what do you think about that. i think it's a very. speedy. search would to me truly quote ridiculous why it's ridiculous why should we be sure why should we take it's ridiculous because it's ridiculous because it has no relationship to reality or to the fur coats whether in egypt. or anywhere or majority of syrians who are protesting in the streets came yes that's correct that's not a cliche oh if i go before we're going to live in seclusion because nothing to do with my wife i can go to you before we go to the break here do the majority of your bullets are actually majority of syrians recognize that the syrian national council is a legitimate body representing themselves how do we know that why do foreign governments

recognize it but we don't know if the syrian people do well the syrian national council has gathered sort of a big spectrum of the different opposition movements you have islamist you have secular as you have intellectuals you have kurdish groups so it tried to bring sort of a platform. sort of consensus platform but it is. you know divided and they don't have a united position this year a national council is seen as the leading opposition force but you have other of physician groups such as the national coordination committees and the two groups differ in their way they would see a way out of the crisis the syrian national council refuses dialogue with the regime because it says it has been here a lot already but it was a short break and after that short break we'll continue our discussion on syrian state party.

old means of protection can be used. when global supremacy is at stake. between two thousand and five and two thousand and nine u.s. has spent fifteen billion dollars in the price to pay for the entire program that we are dealing with right now here in two thousand and eleven is another one hundred fifty billion dollars that's larger than many country's entire military budgets when all things because the best for the defense.

for. russia would be soo much brighter if you knew about song from phones to christians. whose friends don't talk t.v. dot com. and. welcome back to cross talk on your lapel to remind you we're talking about events unfolding in syria.

ok david i'd like to go to you and d.c. you know you've been on the program before and you know i'm a cynic. so i'm going to give a cynical comment in the quote i in question this has nothing to do with the syrian people this has nothing to do with their rights it has nothing to do with the killing of innocent people eccentric cetera this is all about geo political change in the region you take syria down and it's a boon for israel maybe but certainly for other countries where hezbollah is weakened in the next target the great prize of the mall is a rand that's what it's all about isn't it. yeah well that's. a point of view again has no connection with reality but whatever you want to explain explain yourself why you say that you dismiss your view and you don't owe anyone who are rising up. as i started to say before you interrupted everyone can see that the syrian people are

rising up and risking their lives day after day week after week month after month thousands of people all over the country tens of thousands of people so you think it should be a military intervention should there be a military intervention in scorning quote stop this you know i'm not calling for i don't think there should be and i don't think there needs to be i think the. force of the people in syria will the regime sooner rather than later ok we didn't get into interest only you want to say well we'll have to die before that happens ok marwan what do you think about this is nothing to do with jeffersonian democracy the way we were promised that in libya my wife i go to you in princeton i mean how much of this is that a geo political play because this is something the saudis are just drooling over they're just so pleased about this and a lot of people in media don't like to talk about the shia sunni.