alternative supplies if they cut the supply now we want to be able to find them there will be a huge recession in europe. so world news in brief this hour a criminal court in the movies has issued an arrest warrant for ousted president mohamed nasheed this comes a day after a leader was among dozens injured when rup police used force against protesters as unrest deepened his ousting resulted from a police mutiny and popular protest over a controversial decision to rest a top judge and she claims he was forced to resign at gunpoint and promises to return to office. turkish troops have killed thirteen kurdish insurgents in two separate clashes in turkey nine people died near the town of bengal and four others near the town of. after rebels attacked a military station there it's less than a week since turkish warplanes bombed three suspected rebel targets in northern iraq tens of thousands of died since nineteen eighty-four in the kurds fight for autonomy in turkey's southeast. but a human rights judge baltasar garzon on has been convicted as part of

a wiretapping case he's found guilty of ordering the illegal recording of corruption suspects talking to their lawyers he's now been barred from practicing for eleven years with no chance to appeal against of the citizen the spaniard gained international fame for his attempts to extradite chile's former dictator pushing back in one thousand nine hundred eight. so if a certain presidential candidate allergy or you ever has been reportedly hospitalized after police stormed the headquarters in the capital city involved authorities said they wanted her for questioning over an attack on the country's central election committee last year your hero was one of the front runners of last november's disputed election which was an old by a certain supreme court due to a number of violations she had been claiming to hold her in all directions on thursday despite the fact that fresh elections are due to be held next month the acting head of the republic called her action an attempted coup self-assertive was a former georgian republic that gained independence in two thousand and eight

following a brief war with georgian. and you can always find more news online just log on to our dot com here's an example of what's waiting for you right know the out of verse three zero me why egypt's new government is deploying water tanks and troops across the country just one year after the fall of mubarak's regime. also a subway train the rails and crashes into an apartment building in the chilean capital santiago the story along with more of those pictures available to you dot com and on our you choose page. well in a moment to katie with a business update for us but before that join r.t. an adventurous tour of russia with a close up team. we've traveled almost a thousand kilometers east of where i'm sitting here in moscow to the. the main

city is best known as the birthplace of vladimir lenin during the soviet times a region flourished as the center of the country's military and aviation industries and its current iraq has been falling off it has all the potential to win back that reputation. it was in the late seventy's that the riyadh of skin aviation complex was created obvious star is one of the largest manufacturers of passenger planes as well as re modernizing existing cargo planes that travel worldwide there are some plane is one of the largest operating cargo aircraft originally designed for the russian military but when the soviet union fell and demand it did two obvious star has been renovating existing response and are now planning a major comeback. a new construction line will launch which will cover the production and the modernization of unique airplanes in the world that are popular such as the roost one. though good knew better airlines have used their respond

freighters to assist in un and red cross relief projects. but they'll haul satellites yachts and even the sukhoi superjet two can imagine the chief killers of those this big brother that brought it from africa. from the europe for a. special show gratian also transported one hundred thousand kilos of beaujolais wine from france to japan he says without ever breaking a single bottle many little boys dream of becoming pilots but the path to get there isn't always an easy one here the only one of six civil aviation school it's the only place in russia where one can get a higher education with courses offered in academics meteorology and over one hundred fifty hours of flight time. but almost every students start to train in these models which gives them the complete feeling of what it's like to see in a real aircraft flight. and it's

true the images on the screen and vibrations of the simulator made even me feel like i could be a pilot i'm joined today by. director of corporate communications of the united aircraft corporation thank you for being with us olga since obvious star has been in existence since one thousand nine hundred eighty how do you evaluate the development of the corporation today we are working together with. the new strategy adopted in two thousand and eleven the new strategy comprises the development of two majors segments in the russian aerospace industry its military aviation its commercial aviation and its transport of the border the major perspectives the goals of other star in oregon of sky and russia throughout now we are working over the realization of the program of building aircraft and we have to get first orders for the.

karen to roger reporting there well in just about five or six minutes you know for those who grew mexico as a reveals black holes in the greek economy that's off to the business update with katie. thank you bill hello to you welcome to the business program at this hour we start with a story that's got the whole of the russian market talking minority shareholders and the country's second largest bank fee to be are to get all the money back they invested in the company's i.p.o. in two thousand and seven that's despite the share price currently being hauled off the list price. business analyst daniel bushell has more. the to be will buy these shares the price of vestas paid in two thousand and seven so-called

people's lives here with thirteen point six copecks it's almost double what the current share price is which is seven copecks putin says the money will come from the lenders profits not from state funds where the government will remain the main shareholder but will buy up to sixty thousand dollars worth of shares from each shareholder in total the move will cost the bank up to six hundred million dollars that's one fifth of e t v's net profit today said such buybacks won't happen again . we live in a special time characterized by deep and prolonged financial crisis the instruments that work for decades are failing today otherwise the germans would not be rescuing the greeks the e.c.b. would not be giving interest free loans and of course such moves cannot be the norm every investor must understand he's responsible for the shares but in russia this was one of the first ship placements and back in two thousand and seven none of us

really understood the world was heading towards a global recession one. hundred caused in this some ordinary people do feel tricked by lavish advertising for the public back in two thousand and seven which suggested big returns with a low risk of losses will happen within a month in other words before mr putin stands in presidential elections on march fourth as some see the move as following the voice of the t.v. minority shareholders paid for by the banks main institutional investors being excluded from the buyback and have threatened to sue analysts invest cafe calculate based on the balance sheet the current share price of seven copecks is actually the fair one. the prime minister has also discussed another plan like later. this is set a way must be found to close the subject of unfair privatizations in the one thousand nine says he suggested that. tycoons that took control of the country's resources should pay a one time fate he acknowledged that the process of privatization after the

collapse of the soviet union was just honest the exact details of the plan have not been walked our old and said this should be done with the public and experts. in the markets stocks in europe closed higher after a deal was struck in greece and as you can see investors were really they finished the day's session on an optimistic note the footsie up around a third of a percent on the downs over hoffa percent impulses to territory. it was a different story though here in moscow the markets closed in the red as you can say the my sex dropped almost a percent while the r.t.i. shed a third of a percent. on the individual moves there let's see how they got on today google finished up by a half a percent in the red cross net was nearly two and

a half percent in the rads. was a point four percent down following the buyback and now it's. all the business news mel stay tuned to see the headlines up next. wealthy british style but. that's not the type of fun.

markets why not come to. find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into cars a report on our. move. to. use. if.

if you join us very welcome marty live here in moscow top stories now this hour the u.n. is considering a joint mission with the arab league to end the bloodshed in syria but with ever conflicting reports of the number of casualties it's pretty hard to get a true picture of events. in the eurozone down screeches austerity cuts will be enough to guarantee one hundred thirty billion euro bailout earlier athens agreed on new tough measures to secure another rescue plan amid public anger. and with europe poised for its all a bargain on iran there are concerns

a move could hit countries most dependent on rain in crude like spain. but i'll be back with more on those stories and other developments in the some half an hour from now in the meantime next on the report max and stacy asked whether the euro can avoid the end of its financial world. max kaiser this is a kaiser report all about block halls stacy max kaiser brussels discovers new fifteen billion euro black hole in greece's finance and it is luke

should do a blog who. i did mean to tell you don't step too close to the event horizon the greek event horizon come back i'm broke i'm back oh my god i can't tell you what i saw in the black hole it was the tragedy that the humidity the gold that's all gold in there and close get to that in a moment pressure on greece's recession stricken economy has intensified after international debt inspectors admitted an additional fifteen billion euros would be needed to fill a newly discovered black hole in the country's finances yes well we have been saying on this show for moms if not years that the game being played at the bank or level is that they put a gun to that of the government is there any more bailout money and then a few months later they say oh look we found another trillion dollars in debt we

need more bailout money and this is recycled repeated and recycled again and the amount of debt in the black hole of debt will never subside because the bailout money used to try to equalize the effects of the black call of debt is in fact itself more debt. if so facto is only going to increase the only thing different is that the words coming out of the duplicitous horrendous psychotic newscasters and bankers that you see in the mainstream media is that they confuse debt with equity well regarding greece you know its on off on off strikes violence all over the place i know you're going to be speaking to a.m.'s fair fuck east in the second half further about that but so let's move over to the united kingdom we've still got a few quid then the bank of england's glittering stash of one hundred fifty six

billion pounds in gold bars stored in former canteen under london yes according to the daily mail max cash strapped british people will breathe a sigh of relief when they see these impressive treasure troves despite the financial crisis it seems the country still has some money left in the bank of england vault underneath london well this is such an incredible law i think not of the financial press to maven report this and to all seriously because it would mean that the u.k. as the second biggest gold position in the world four thousand six hundred tons they claim they found at the very very very very very bottom of the article they do mention but sadly not all of it belongs to us some is deposited by foreign governments as well as our own it's a complete farce i mean we know that most britain has three hundred tons of gold a gordon brown sold three hundred tons of gold when the during the period of the

effects of the euro and britain would love to have four thousand tons of gold because as we enter this period of global currency war those who have the most gold are going to be the big winners like germany for example. well speaking of german gold one thing you have discussed with jim rickards is this notion that the united states could just see these all of germany's gold because germany doesn't actually keep most of their gold in their own country they keep it in new york or over at west point so. is this just like a test the water is maybe you know the bank of england is saying hey look we have four thousand six hundred tons of gold how do we get it pretend amnesiac that where they can where it came from yeah i think they are testing the waters to see if anyone claims that if anyone steps forward and says wait a minute that's our goal you can bet as well it took all of its gold back germany obviously is exposed they have sixty percent of their gold is actually held to the new york fed so this is leading up to get out of this currency war or gold is the

central pivot around which the global currency war is fought speaking of the bank of england there in the next headline bank of england to print further fifty billion pounds so the bank of england's monetary policy committee is set to announce today that it is expanding its quantitative easing program from two hundred seventy five billion pounds to three hundred twenty five billion pounds so even that fake gold that hologram they presented in the previous headline that's worth half of what they've already just printed but all the quantitative easing so far quantitative easing one quantitative easing to quantitative easing three it hasn't produced any inflation it hasn't produced any job growth it hasn't produced any real uptick in wages i mean there's a big controversy in the us about the latest jobs statistic and whether there was an increase or preserve the testicle number of people with a job or without a job which is what got the nonsense moot point going nowhere because the bottom line is that the wage real wages are flat to down so who cares about

a monthly statistical anomaly from the b.l.s. bureau of labor statistics who are notoriously incorrect and false in their reporting to begin with the but here you have a situation of more quantitative easing which is more debt which means that the british economy will contract it's going to contract because you're adding more debt but they don't want to call it debt they call it. money they call it's equity where it's just more debt so it's a psychotic a suicide mission you know. this country needs you know what this world needs we meet remake that movie charles bronson deathwish with a guy a vigilante who goes after bankers that would be a fantastic movie and i want to put myself forward as a storing in that film and being the charles bronson character hollywood call me i'm going to do this film for scale oh no i think it's coming out of the black hole that facts are g.v. after he has come up with the film just like that here's

a little clip of you confronting timmy g. hankie p.c. running the gaming her thing there it is. you're your story. goes i agreed. to do many. yes ok that was charles bronson and a sergio leone western spaghetti western then bronson went on to make the death wish series which i like to be in a death wish moving mass geyser in the charles bronson moving stalking bankers in

new york with a big prick and gun. well max you did confront mervyn king their bank move could make pensioners poorer savers on the verge of retirement are facing the prospect of becoming permanent really poorer as the bank of england prepares to expand its program of quantitative easing otherwise it is q.e. by fifty billion pounds this week so a person about to retire will be hit by the banks who because the value of the new eighty s. ball on retirement is based on returns from u.k. government bonds called gilts these investments are bought by the bank during the easing process thus driving down the yields the phrase permanently poorer stands out all the quantitative easing program so far have failed and stoking growth and wage appreciation they have made a few bankers extraordinarily wealthy they would like to increase the rate of

wealth transference from the many who will now become permanently poor to the very top one percent of the top one percent i submit to you that this is neo feudalism this is feudalism how do you know been full of black plague we would never would have the middle class to begin with if you recall your history this is why our lord's paid the peasants a few extra bucks because they have been wiped out of the plague well now the lords want to go back to the fifteenth century or the fourteenth century and say you know what we're back in charge forget the middle class it's all about indentured servitude and being permanently poor well dr ross altman director of solid over fifty's group says that savers retiring today are being locked into a lower pension for life becoming permanently poorer because of the drop in annuity rates q.e. is supposed to provide temporary boost to the economy but we need to find less damaging ways of providing such a boost so. dr altman is suggesting that instead of right now the bank of england

is going to the middleman the bank servers giving the banks to the money and saying here banks go give it to all those peasants out there and they say it's about that so if they really wanted that however why don't they just why doesn't the bank of england actually just give that money to small businesses and small business loans it goes part and parcel with this whole the way we have knew of feudalism runs on toll booths throughout the economy that are handed these these cartels are handed to certain select elite. connected to the king in this case literally connected to mervyn king so these guys whether it's hollywood or goldman sachs if they are the middleman between the king and you the peasant it's a very profitable business so they're arguing about what's the most humane way to euthanize the middle class and poor they think well you know if we drop their heads off in the public square that's

a bit too harsh so we're going to give them the needle instead which is quantitative easing or financial all pression well but speaking of central banks max facebook has filed for an i.p.o. and i want to turn to this headline here is facebook a central bank to edward castronova a telecommunications professor in indiana university says he's fascinated by the rise of what he calls wildcat currencies such as facebook credits facebook's build up of credit suggest more than just some minor dalliance facebook already takes payments for credits in more than forty currencies ranging from the euro to the vietnamese dong exchange rates are just a daily and probably won't be long until some economist tries to calculate the inflation rate money supply velocity or other traditional dimensions of the facebook economy now max you are the world's first virtual central banker you are doctors zero say chess set so what are your thoughts on the story that's absolutely right this is a virtual currency then you need

a virtual central banker to deal in the monetary policies that will affect the virtual become of me but this is basically inflationary on the one side of the equation but the net result will be hours and hours of loss from the productive economy from people wasting time on facebook so in a way it's that deflation because although you can flood the facebook economy with more credits the net result will be people not working but wasting time so it's a way to increase the deflationary trend by issuing a credit. not backed by debt but it's backed by wasting time this is the first currency will not the first i create the first one of course back in one thousand nine hundred six with hollywood dollar and the central banker but this is a currency backed by time wasting well finally on this headline max is the currency traded on facebook and the question i think is answered that when facebook filed their i.p.o. market in his letter did say that his ngo was crucial to the success of facebook

zynga soared sixteen point four percent and then two and a half percent and the after market on the news so i think it does answer the question whether or not facebook is a central bank thank you so much stacey however i'll be speaking with yanis varoufakis after the break the greek economist. should be a fantastic thank you thank you ranks don't go away much more coming why stay right there. you.

but going back to the kaiser report i max kaiser time to go to athens greece and speak with a catalyst professor and author dr yes vero fake as yanis welcome to the kaiser report thank you it's a delight being here ariana's here's the headline no we formed no bailout what's the latest drawing on in the greek belov drama up well it's have very simple story this deal is. going to fail just like the previous one in may two thousand and ten because you have a bankrupt entity that exists and you keep piling you debt on and on condition that the country's going to shrink its g.d.p. national income through which was this will have to be paid for that and some point the german taxpayers have had enough and this is

a problem that germany and the german political elites are unit kind of. come to the the german elected and all of this drama enough insists completely besides the point it seems like a case really a financial sadism and other words if there are a number of ways to extricate greece from this problem one would be for example to prosecute the bank the banker so fraudulently god's grace and of the air out to begin with but none of the obvious solutions are being pursued instead they're going down the path very slowly. beating greece to death in a very distinct way is it the i.m.f. now christine legarde is it just a case of sadists. having fun with greece things worse than that might think it's

a case of subtle masochism you always need to do with greece is to allow it to default to face the draws of the it's a bankrupt state. and then to find out what to do about the banks and they've got it allows them if they want to do that but of course they're not doing this because they're going to delay zation legally speaking means that. the current owners of these banks will see their holdings their shareholdings being simply de looted by the european state and so they're about the bankers don't want to hear of this one receiving free money from these he and from the dark spirits of germany and holland zones of wealth so that germany's leaders of that effectively dug a big hole for themselves and if live fallen in it now of course for the people who are actually suffer in terms of. basic human costs that is hunger. just.