the face of the recent assassination of the reigning scientists really was a big blow to the relationship between iran and the i.a.e.a. . meanwhile iran's foreign minister says terror on once the international community took knowledge the assassinations of its scientists who are physicists have been murdered in the capital and lost two wars with iran pointing a finger of blame at israel tehran and i once external legal corporation yes to get in the case is international relations expert and russia says it scientists and iran are now free to leave their homes. or what war is rather striking because very few people are talking about the assassinations of iranian scientists this is tracking because the un did release a very definite statement the nonaligned movement has released a statement condemning the assassination of those scientists there's been no word from the atlantic powers condemning this act of terrorism in the streets of their own and according to my sources scientists in iran are now fearful of going out say

conducting the every day of business after one of the scientists was shot sitting in his car we didn't do because his daughter from a daycare center that means ordinary activities have become very fine you scientists. well you can find details of that story and more on our website r.t. dot com here's a look at i want alice is waiting for us on the business minute left empty handed after almost two million dollars worth of jewelry was stolen from and russian airport. and occupy wall street heads to the classrooms a prominent u.s. corage and of course starting the campaign it's all about online r.t. dot com.

u.s. soldier bradley manning who's now awaiting a court martial trial on suspicion of passing data to whistleblower wiki leaks has been nominated for the nobel peace price by standing parliamentary group putting forward saying he exposed corruption and war crimes because stokely and activist formatting scores thinks the accused deserves the prize move them back obama deserved his. bradley manning is accused of the greatest act of civil disobedience least in my lifetime and what he is accused of is leaking documents and video. that has led to the end of the iraq war has led to pro-democracy rallies and uprisings so i'll move on and i think it's much deserved that he receives this nobel peace prize if obama gets at the why shouldn't he obama has done very little for peace even though he promised it and obama is also taking credit for ending the

iraqi war when actually that's not the truth and the iraqi government did not want to allow a legal immunity for u.s. troops after january first and the reason that they did an awesome unit is because of what they saw in the cables and the videos showing civilian deaths that were being covered up in the corruption by the u.s. government. now let's take a look at some other international headlines in greece. romania opposition party and said it will support the president's nominee for the new prime minister and. around the next intelligence chief. cabinet after the former pm resigned way weeks of on to austerity protests young popular economic measures were introduced in twenty ten to secure financial aid from the e.u. . gyptian military delegation to the u.s. has canceled a series of meetings the senators as washington vowed to cut one point five billion

dollars in aid to the country that's a response to caro's plans to try forty three n.g.o.s members including nineteen americans allegations foreign ministers of the roustabout the move comes amid growing demands the current interim leaders will sit here and. throughout waters in australia are approaching the levels of thousands of people already almost on their homes it's clear that it's damaged up to ten percent of the country's cotton crops the world's third biggest supplier becomes amid all costs of downpours and other storms in australia and the next two days. when all the latest business news coming up next with korea. welcome to our business update the south thanks for joining me cold weather sweeping across europe has revealed a weakness in its gas supply meanwhile the spot market has shot up to its highest

level since two thousand and six however according to the c.e.o. there's no surplus gas in the system and in effect the market is an illusion skulker energy analyst maria below explains why that's the case. the question about the sports markets is a very tricky one let's remember this story two or three years ago when konami crisis happened the. consumption dropped down according to do long term quantrill so european companies had to buy the same amount of gas which were contract in other not to pay penalties but they really consumed less than they buy and they tried to sold this guess market in order to earn something instead of paper as this created billick really did today it's helped to develop disport markets but today we have another situation to have a dissertation windham on. the supply and that's why we have i think that the.

gas of the trading hops. the russian energy market. daily newspaper writes of the government plans to set up an oil and gas service holding the venture is aimed at consolidating state resources capacities of the country's oil major. energy. the firm is expected to improve competitiveness in the country service market which is forty percent owned by foreign companies. let's have a look at the markets now exchange rates first strong on is pushing the ruble higher to the dollar however it's lower to the euro as it is weakening due to uncertainty about the eurozone crisis u. is losing against the dollar. no oil it's flat trading flat to negative u.s. crude futures reached a six month high on monday cold weather in europe boosted heating fuel to the light

sweet is currently trading at almost ninety seven dollars a barrel brant it's like you below one hundred sixty dollars about. now let's move to asia where markets are trading mostly lower with shop pools for tiny shares stocks also pushed down by surprise. central bank to leave the cash rate unchanged miners among the worst performers after the rate call with rio tinto down over one and a half percent from there also showing weakness bank of china gave up one point two and china merchants bank lost one and a half percent. now here in moscow markets are mixed this hour with a my six losing under a quarter of a percent following those losses in asia and some movers on the why six carrier air fought a slightly lower its passenger traffic rose by a quarter last year the bank is also down investors are waiting for details of its recently announced buyback. precious metal producer points gold has been among the best performers since last week on ongoing rumors of

a possible merger with. alexandra. warns there. some stocks on the russian market that's a look over book. there are two sectors most all basically overbought metals and mining and financial sector stocks financials. on the upside on financials should be kept due to the large pipeline issuance. new very likely exceed ten billion dollars in the next couple of months while metals and mining stocks are already discounted pretty you're always used to natural metals prices rose for these here so you have an opportunity if the technical opportunity to do would be a good point to sell short in some stocks in the sector is better than in particular which is getting close to it and dissipated bryce self as your knowledge

on how the troubles. retail is among the sectors that continue to show double digit growth numbers and most of the markets russia second largest solar city is noise says it's last year's revenues rose by a quarter the company's c.e.o. . outlines what gadgets will be driving the growth this year in mobile markets so usually growth between ten and twelve percent i think next year will probably be towards the lower end of that's but your mind your standing is there about thirty eight million folds maybe thirty nine x. were sold in russia this year both sixty four percent of the overall revenue coming from a mobile phone segment is actually coming from smartphone sales and that will increase dramatically was one hundred percent increase in mobile phones there were smartphones in two thousand and eleven he would leave there still significant growth. and that's where update this hour i'll be back with more in about fifteen minutes from now join us that.

move.

to. the close of team has been to the hub bar of screen. where the country's middle wealth starts its way across the ocean. now our t.v. goes to the area. was named after lenin looking to a different character to represent itself. for local businesses are striving to build the aviation capital of russia. the for the four by fours are made and can be tested to the limit. welcome to the illyana screech of. russia close up on r t.

let's have a look now at the main stories we're covering for you this hour peacemaking mission the delegation led by russia's foreign minister heads to damascus as bloodshed in syria gathers momentum against a backdrop of different occurrences. sent boiled gadhafi era documents discovered in libya kate britain's six try agency in the english know this it didn't take the whole truth alteration into the broader. context. plus recent sacrifices between thousand more jobs to meet its international

creditors as austerity drive its population status and none of them instruments. and staying with the world economy max and stacey take a look now at how currency wars are heating up around the globe is the kaiser report. it's kaiser this is the kaiser report the currency wars are heating up around the world stacy max there are so many super committees and super bodies that i thought we here should form one on the kaiser report which is why we have the same exact shirt on oh great which of little they will pulse to tags. you will all the super committees and super bodies are in the news super committee that runs

america urges and to the zero bound demands issuance of negative yield bonds so the treasury borrowing advisory committee has demanded that quote it was broadly agreed that flooring interest rates as zero or capping issuance proceeds at par was prohibiting proper market function the committee unanimously recommended that the treasury department allow for a negative yield auction results as soon as logistically practical that's right leave britain predicting this for really almost the entire duration of the show that the zero percent interest rates would give way to negative interest rates so that means that the bank takes two percent of your money every year just for keeping your money at the bank or the treasury bond issuance they issued the bond day one last you were in a losing position from the second you take possession and this is

a way again to confiscate wealth to protect bankers and it's no coincidence that this comes this news comes after the m.f. global scandal because they were testing the waters with m.f. global if jamie diamond and j.p. moore again and john corazon could confiscate people's customer money out of their accounts just steal. or money and nobody did anything about it then of course is that ok they're going to issue negative negative return bonds and negative interest rates and the confiscation now is in full force zero hedge reckons that this is j.p. morgan and goldman sachs who are pushing for this and say and what j.p. morgan and goldman sachs want j.p. morgan and goldman sachs to get and once we get the green light on negative yields at auction next up will be the push for the fed to impose negative rates on all standing securities which means that coming soon savers will be literally paying to hold cash and that will be the final straw just confiscation of your money

it's fascist regimes in the past have not hesitated to just confiscate people's wealth the resulting impoverished ends up in creating state sanction or in this case bank sanction ghettos and then there's the beginning of a financial program which a financial hole cost and this is the program in place now those who have gold and silver of course are going to be the only survivors as we've been saying on the show for a number of years as well so the fed doesn't believe in the dollar clearly because they want to be confiscating the capital like this here over in europe buddhist bank sinks deeper into debt saving europe so germany's buddhist bank has entirely exhausted its stock of private assets and run up a quarter of a trillion euros in liabilities propping up the euro zone system testing the political limits of e.m. you solidarity in germany the operations of incurring all this debt are part of the

european central banks target to network of automatic payments between the national central banks of the euro land club the bank has already provided four hundred ninety six billion euros to countries in trouble chiefly greece ireland. italy and spain know the bank has plenty of room it's rent their interest rates are two or three percent they can lower them down to zero percent d.c.b. can say gone many more trillions of dollars worth of bad debt and remember folks it's all legal now the article mentions a professor westerman who says that the e.c.b. is also printing money and that their latest lending has not been quote unquote sterilized and amounts to money creation while it has a vertical banking crash the move is double edged and could intensify the crisis since the bank cannot ensure that extra liquidity stays in the club med block

professor westerman sees a moment when all that money all of that extra liquidity currently sitting in the club med region italy and spain and france that it could all come rushing back into germany and they call it the tidal wave of the liquidity quote if everybody tries to get out of crisis states at the same time this will overwhelm target to in principle a speculative attack could occur within a day we are heading towards the multiple equilibria zone in which beliefs of a breakdown of the euro zone are self-fulfilling. don't forget deutsche bank. is the goldman sachs j.p. morgan of the e.c.b. can absorb many many trillions of those junk without breaking a sweat and remember folks it's all legal what germany is doing it's all loophole so the next headline also from ambrose every prichard from the telegraph says the perils of mario drags one point five trillion euro blitz

a disturbingly laurer number of credit experts warn that the e.c.b. lifeline is not the game changer that the markets seem to think cannot in itself save the euro land and may prove counterproductive perhaps soon suddenly all these credit experts are thinking hey. all of this lending to the banks these trillions and trillions and trillions of dollars and euros and fake currencies around the world all of it actually may blow up because i'll bear to gallo from r.b.s. says drag us for him to an eighty nine billion euro loans to banks at one percent for three years the l t r o is having all kinds of toxic effects which is disturb and giving that the financial times splashed a headline that the banks may draw down another trillion euros at the second l.t. are in late february well what they're not taking into consideration is that all of this debt is off the balance sheet and all the income is used immediately to pay

off banking near and germany so germany has effectively to seize control of grace they've seized control of portugal they will soon be totally in control of spain and they're totally in control of the earl's own it's all legal remember they put all that bad debt off the balance sheet as keep interest rates at zero percent interest rates were to rise through three four five percent of course the game was over but that's never going to happen because there's no stopping the creation of credit default swaps and other derivatives that are used to keep interest rates artificially low so don't you don't have that risk so as long as they can create trillions hundreds of trillions of dollars worth of derivatives there you don't have interest rate risk you have political risk in the countries that are not germany germany doesn't have a political risk because they are europe alberto gallo from r.b.s. goes on to say that he expects five trillion euros more indeed leveraging by european banks before it's all over so anybody who thinks there's inflation

is wrong however this is massive deflation which is often the predecessor to hyper inflation massive deflation which is used to keep interest rates at zero percent william flay should come along though because there is no. the tolerance for that in germany they don't like inflation the member why more republic they're anti inflation so they will continue to run the entire game with they own all the pieces on the board in the europe zone and when the dollar crashes then germany's going to own the dollar as well germany is the true superpower here not china china is apple's keep manufacturing hub power per se germany is a natural powerful country but this five trillion euros deal leveraging in a deflationary environment cash is king if you have money you're happy many germans

have huge amounts of gold many chinese have a lot of gold relative to their income so they'll be happy in spain in greece in the u.k. in ireland the citizen formally known as the citizen now known as the consumer they have a lot of debt. want chinese people are unruly that's not going to going to serve them well in the currency wars their government is going to have their hands full but remember going forward that real burden of debt in a deflationary environment the burden goes up so all of these debtor nations isn't going to get worse now you and i have been to athens and we've seen that those people you know you can talk all you want about germany and how herad they are but they've got to contend with those greeks and we saw those greeks and. i have to say we were interest where as well and the people in athens were far angrier than

during gyptian during their uprising as it was reported on the zero hedge this past week greece is down to answering re entering this futile period the economy is so crushed you literally have a nation of disenfranchised and then forming peasants who have complete inability to mount any offensive whatsoever and then i have a final headline here about greece i.m.f. official admits austerity is harming greece pole thompson head of i.m.f. mission in greece concedes that social tolerance and political support have their limitations in an extraordinary departure from the script to the i.m.f. as follow to date the danish the official who is also in charge of the i.m.f. program in place in portugal acknowledged there was a limit to wall what society would endure he said quote while greece certainly will

have to continue to reduce its fiscal deficit so we want to ensure considering that social tolerance and political support have their limitations that we strike the right balance between fiscal consolidation and reforms as such the i.m.f. had cautioned against an excessive pace official of fiscal reduction so this goes with your theme that the u.s. and and germany are at the heart of this global neo feudal system when it was when these austerity programs were imposed far away down the latin america or asia the germans and the americans felt and the french felt safe issuing austerity measures because they weren't anywhere near the peasants who would riot here athens a little bit too close i think to berlin you know their opportunity was last year to have a coup to stop and get rid of happened and they could have been put in a populist government and they could have saved themselves but they failed to do that so. no it's finished for them ireland similarly is toast no hope for them whatsoever portugal under the bus spain know it only they have twenty five hundred

tons of gold if they can hold onto it they're in good shape but i suspect that the current government will sell that italy's gold deal with the i.m.f. because they're totally corrupt and this leaves only germany if at the end of the day well max this super committee of blue shirts i think we've decided on my heart on the final say here christine legarde she was up at davos i think she had it right you know here we saw that greece is no longer going to have these austerity measures or the i.m.f. is afraid of it christine legarde also said in doubt both that portugal spain all the rest of europe all these peasants they're a little bit too close to paris london and berlin and maybe they're a little bit too afraid of austerity measures here want let's talk more about that stays there but thanks so much for being on the kaiser report thank you max don't go away much more coming your way stay right there.

it's twenty. just crisis poisons the union. profiteers have more power than people. a free trade bloc under threat from the great least. twenty. welcome back to the kaiser report on max kaiser and from santiago chile welcome to the kaiser report and it's always it's a pleasure thank you all right so you're

a bit of an expert in the area and one of the hallmarks of the i.m.f. and latin america we were talking about there in the first half was austerity which they used to call structural adjustment policies just before daboll sciri are the i.m.f. wants europe against implementing further austerity so what's going on here well it's basically you know they want to squeeze a little countries such as greece portugal and ireland especially but the big ones they're sort of fraid of they're basically afraid of italy and spain basically telling the i.m.f. and the e.u. to stuff it and exit in the euro zone all together and so that's why they're treading very carefully now they're doing this about face that austerity is great for latin american countries and for the little european countries but all of these big european countries like france like italy like spain oh no no no austerity is bad for them what we need is some sort of monetary loosening of some sort and that's where we have l.t.r. rose i mean we're going to have morrow is long term refinancing operations it's

essentially the banks the central bank the e.c.b. is lending free money to the banks and they in turn are taking this money and using it to prop up the bond markets it's basically stealth monetization and this is what the united states did where ben bernanke he lent out as bloomberg reported seven point seven trillion dollars between loans or insincerities to the too big to fail banks now they took that money and invested it in. u.s. treasury bonds now it seems that the l.t.r. o. operations are going on with the c b that are projected to on during the year two thousand and twelve which are expected to be about a trillion euros are going to be in that direction basically stealth wanted as they should and so what we're going to see is a continued deterioration of the euro against the dollar as specially against gold and a propping up any muddling along of the european situation and there is got going to be any austerity and so far as spain italy or france are concerned so this talk of us territory it's just purely cosmetic and just for the headlines it's not real

how can these organizations be so professionally and competent i mean if people go if you go to a doctor and you say no i've got a chest pain and he gives you a call and ask to pay you know henri amputate your foot and you would be rightfully upset to him and you wouldn't consider him to be a serious doctor but when you go to the financial doctors a christine legarde at the i.m.f. and they seem to be incompetent on this scale they seem completely oblivious to the reality of economics and finance what why either egg well why don't why don't people why don't they just revolt i mean this is work in the past why don't people just revolt i why are they putting up with this that's a good question that's the million dollar question i mean i think that basically these people are just dressed in nice suits but they're empty suits they're just fools for the most part or there are people who are so craven in their need for political support and political opprobrium that they will do anything to keep our.