since september it's reported at least twelve prisoners have been killed as a result of torture the report comes as libya prepares to mark first anniversary of the start that. despite the sort of versions struggling to get the situation under control so for the rebels now vying for power efforts to disarm the civilian population trailed the country's economy is in ruins our. very root based political scientists are free to its use of term or the view. gadhafi was only a puppet in the hands of the western countries he was buying his or his stance he was buying everybody out so of course the girls corny and all of the other western leaders his line got expired and this is why they got rid of him because he was paying enough but not good enough we all know about what's happening the recession in europe and what's happening towards the oil and the gas so what they want is the ad to get to get control of everything in libya i see

a very grim future in libya i see a civil war in libya i see it's never going to have a good stable. environment there and this is exactly what the western one says once they happen because they want to get control of all the oil all the natural resources there. well on our website r.t. dot com you can find out how to shock waves of the arab spring are still being felt a year on it was a case of deja vu raining when protest is to the streets calling for democracy reforms confronted with a police crackdown. and reform inaction presumably that it submits a new bill that makes it easier for people to get involved in political life.

the double hits of infertility and the recession is forcing some hopeful parents to get creative in the u.s. it costs as much as one hundred thousand dollars to use a surrogate mother to start a family get on a plane to india and it could be much cheaper. method one couple who did just that . arrogance isn't for it and all came to india from texas two weeks ago india is a bit of a challenge for someone who's used to travelling in the states and in europe. but you figure out your way around the world and they're not here to see elephants and by being coles they also came to meet peter for the first time their new baby boy it was a easiest pregnancy i mean. although peter is genetically their baby susan didn't actually give birth to him. and indian surrogate who they never met did around ten

years ago we decided we would try to have a child and didn't happen naturally and we pretty much given up hope and we spent a bunch of money. and that's why we realised indian surrogacy was actually something that was reasonable surrogacy is the latest trend in the outsourcing relationship between the west in india since the recession began doctors here say they've seen a demand for their services quadruple and most of that interest is coming from abroad that's because the price tag of serach a c. is a quarter of what it costs in the united states eric and susan found this delhi fertility clinic online while they were at home in the u.s. they paid the clinic twenty five thousand dollars which covered everything from the sarah get to the lab work in the united states they would have spent four times that much of herself received anywhere from six to eight thousand dollars for the job and amount of money that is hard to say no to for many of these women who are

poor and on educated. people here is a huge amount of money much more than they could possibly make in a whole year after husband left her seriously seemed the best way to support her two kids and mother good. at the end of the deed they do would they want and i get the much needed money. but it's this sense of desperation that critics fear make these women vulnerable because women are pool because they are. for you know because they have the challenge said and just said. why would they have to sell do it of them and here are people who are exploiting it for eric and susan however the issue isn't so black and white they're happy that their indian surrogate gave them a shot at completing their family you know she didn't seem at all upset she seemed like she did something really nice in this far as i'm concerned she did. ending their ten year journey to have a baby in a place they never expected priya sridhar r.t.

new delhi india when i look at some other stories making headlines around the world almost a hundred percent voters involved in kosovo rejected the rule from the course of a capital prishtina organized referendum the e.u. and serbia were against a vote that would complicate ongoing discussions with a breakaway state around forty still live in kosovo which unilaterally brew crumbs almost four years ago. thousands have gathered in the north korean capital to commemorate what would have been the seventieth birthday of the great leader kim jong il the crowds have been making their way to the city's main square to the flowers next to his portrait former head of state who died of a heart attack two months ago and succeeded by his son. ok he brings us the latest business news.

helos you welcome to the business program at this hour the u.s. is looking to cut the wrong financial life block by removing it from the walled financial clearing systematists west it will rack up pressure on as the country's leadership with those new progress on its new can program but as all t. is done you bushel of pools america's action could end up backfiring on its people . this is a bid to kill iran's economy washington's move to tehran from the swift world transaction system would choke its ability to trade internationally swift interbank payments orders don't all the world's a business that own the world of business they used for practically every company and state in the world to exchange financial info the legality of america's move is highly questioned it's unprecedented political interference in a network which has always said such issues should be handled on a national level what is clear is barack obama's frustration the sanctions aren't

working iran hasn't backed down in the nuclear dispute in fact there's no one else to enrich fuel production new tensions mean more misery for u.s. consumers brant hits six month highs last night over one hundred nineteen dollars a barrel cutting iran out of swift will again hit not just the energy price but the recovery of the world's economy. he is entering into a new deal with russia the british john to work with a skull call high tech helps improve the efficiency of crude oil refining the announcement comes just days after a british will make a call to westminster to issue a warning against doing business with the country however the head of b.p. in russia david petit dismisses such concerns saying his companies have a long time. i'm not a politician i'm in business representing b.p. and i would say b.p. set a very successful business investment for over twenty years inside of russia we aim to be in russia for many decades to come we have

a successful business and we have the support of the russian government and the u.k. government. let's have a look at the markets that must start with oil prices are in the red this sound aspire reports around halted shipments to europe in retaliation for a plan to borrow and later this year and the asian markets are in the right after a decision our second burnouts agrees that was. although some japanese did get support from a relatively weak yamba still finished the day in the red the russian markets are now open both m i six on the r.t.s. i opened up in the red that's where they were mine at this hour. let's have a look how the individual getting on the truck to make a come out is losing ground on profit taking off that are going over twenty percent at the beginning of the week and the majors are tracking down the market's sentiment and are posting moderate losses thank you stocks are also under pressure as bank is losing over a percent this. russia's largest lender has finally found the kids to access the

european markets bank is closing the long awaited deal to purchase all three is vox bank international also used to meet men who has more. sperm bank has finally got the platform for foreign expansion after more than a year of searching and negotiations it's finally closing the deal. international in vienna now since sealing the deal way back in september sperm bank has managed to receive several sweeteners for the deal with the final price being almost. surely agreed and that's five hundred and five million euros now the final price cut of around eighty million came through. hung garion operations coming in with poor performance now with this deal as burbank now gains access to financial sectors of twelve countries operates excluding romania which was not included

into the deal now this is of course a very important step towards establishing itself as a global brand although the strategy for business development bank has not yet been revealed it will be revealed in april it is widely expected to be focusing on retail operations and that's it for today in the financial sector. bank's head says no risk in entering the european market despite the current debt crisis if in the us use the for an answer is the greek default has already happened the car interest took treating of greek debt is a trial to find a way out of this default we're no more interested in what's happening in the south of you were fortunate spain italy but were not present in these countries the countries where we are present they have clear macroeconomic picture and policy brooke just a bit of a muscle for now and then i split and all have the i think it's the european market going on a fifty five. this

hour's headlines for you russia has accused forces outside syria of encouraging rebel groups to continue fighting and stay out of peace talks the head of a un general assembly vote on a resolution aimed at the assad regime. after insert renders to the last of the e.u.'s greyed out demands to be kept in limbo and presented with all terms as austerity to greek hospital struggling but the military unscathed. and iran's

display of a nuclear progress and offer of talks are dismissed by american israel and bluster response to submit economic sanctions. the next financial analysis and then down on high find that sweet max kaiser now in the kaiser report. he. max kaiser this is the ca's a report let's look again at what's happening in germany and athens. max kaiser germany's carthaginian terms for greece now ambrose evans

pritchard of the telegraph says the last time germany needed a bailout from world creditors it secured better terms than shattered greece last week so in one nine hundred fifty three recall there was a london debt agreement whereby creditors for all of germany's debt agreed to take a fifty percent haircut on german debt quote statesmanship prevailed the finance ministers of the day agreed to overlook the moral origins of that debt and the moral hazard of rewarding a country that had so disturbed the european order yeah well this is interesting isn't it of a double standard here the germans got a huge break on the debt back in one nine hundred fifty three the other countries rallied to give them a break because they felt that it was in everyone's best interests now here we are twenty twelve and germany's in a position to return the favor but they bought well exactly as ambrose evans pritchard uses the term carthaginian carthage pieces

a piece in which the vanquished has destroyed utterly a peace deal that once you are wiped out wiped off the face of the earth that's right they employ the scorched earth approach to carthage that is the say the romans did and they just scorched it they have blitter eight of it now here you have germany applying a scorched earth roman attacks carthage style a bullet aeration of grace of athens it's a nobody's interest and it's not even in germany's interest. well actually wolfgang schauble cording to this article he was actually quoted caught on tape and he way talking to a portuguese finance minister in which he said to the portuguese minister don't worry we're not going to do this to you this and our treatment of greece is in order to appease our population at home right exactly this is amazing it's coming through now that the policy makers in germany that are applying the scorched earth policy to greece are doing so to appease their local constituents who want blood

for some reason they're just bloodthirsty which then brings up all kinds of other questions about who is the germany of old is this to germany we remember from world war one and two is this the imperial genie out of the bottle once again each failure is a scribe to lack of moral fiber not the design flaws in the currency project that shall bill himself helped create and forced on the german people against their wishes belief that e.m. you fall out from greek exit or great in market slang can be contained by far walls and more fiscal austerity assumes that greece is a special case alone brought low by turpitude you're right the idea that the scapegoating of the greek people that they are of low moral character and therefore deserve what they get we see again this is something is historically by the germans by the way not in the two recent past to confiscate wealth from another group of

people and of course during the german confiscation of wealth of the thirty's and forty's they use ethnic division here they just use the new globalization of financial derivative products to carve out their empire and attack those like the greeks using credit default swaps that they can create in the derivatives market hundreds and hundreds of billions of them used to attack greece's economy and to confiscate that wealth yeah and it's part of the propaganda of course that was used against the carthaginians at the same sort of their immoral and they kill babies the same thing. you've seen sort of the same sort of propaganda against the greeks you've heard stories that they leave their leaving their babies on doorsteps because they're so hungry that part of the same sort of psychological warfare you know the question is where is germany going with all of this because ok they've got the biggest economy in the world the strongest most dynamic economy in the world the second or first biggest export market in the world great employment numbers are rising it's a fair it's an emerging superpower that's true it's going to break out of the euro

looks that way it's going to ally with other countries this is an interesting development please continue well carthage must be destroyed oweis and that's where they're going with it portugal spain italy you know those are the next ones well hopefully they won't be on paresis doorstep too soon now of course the war between rome and carthage was control of sicily and that important sea routes now the equivalent in modern times is of course the straits of hormuz so let's move on to that currency war going on over there around presses ahead with the dollar attack so this is also from the telegraph and they say last week the turan times noted that the iranian oil bourse will start trading oil in currencies other than the dollar from march twentieth this long planned move is part of president mahmoud ahmadinejad's vision of economic war with the west now of course this also seems to be some sort of propaganda every time we're in some sort of like a tense moment they bring out this bourse we've been hearing about it for almost

ten years now going back to when saddam was saying was going to trade oil in other currencies other than the dollar which brought about shock and awe and then of course we heard the same thing coming out of iran oil bourse so currency wars you see it in europe now we see it in the middle east and you're saying the. reining in people the iranian government wants to do non us dollar denominated oil training and this is heating things up right this is a driving force it's not about the nuclear weapons it's about this currency war as i was just saying i'm saying why. one never knows who knows about whether or not the carthaginians killed their babies because the victor always writes the history here is the same as part of the propaganda one never knows if they're killing their babies are actually going to trade oil in dollars we don't know but it seems to come up over and over that this is a psychologically important move there are lots of scope to digress for a second let me ask you first let's of the say it is about the currency and it's not about nukes ok yet most of us do

a little thought exercise here using jim rickards currency wars as the paradigm what would be the appropriate counterattack from the iranian action as would it not be for them to introduce a gold backed currency as another way to slam a nail into the dollar's coffin. that also be true if they're fighting against an empire this is the way that empire is able to extract in the modern day the wealth of around the wealth of germany the wealth of greece the wealth of china it's because when nothing backs the u.s. dollar but you have to give them your goods this is your senior age this is them controlling sicily this is them controlling the straits of hormuz you know iran says they control the straits of hormuz but if you're paying for that oil to go through there in dollars. the emperor controls the straits of hormuz ok good point now the telegraph says iran has the third largest oil reserves in the world and pricing oil in currencies other than dollars is

a provocative move aimed at washington if iran switches to the non dollar terms for its oil payments there could be a new oriel price that would be denominated in euro yan or even the yuan a rupee india is already in talks with iran over pricing their oil in rupees and they said even worse gold absolutely so if there are multiple exchanges of multiple prices for these commodities then the monopoly position enjoyed by the us dollar shattered and with that come all the benefits of that and all of the inflation that america has exported to countries like china comes roaring back so those i pods and i pads suddenly instead of band a thousand bucks you're paying three thousand bucks the article also then goes on to mention the e.u. ban on iranian oil imports which comes into force on july first could hit europe harder than it does iran so think of this as you see mass protests the burning of athens the mass protests in lisbon remember one hundred thousand people were out in

the streets of lisbon the same time the greeks were out there is mass protest and austerity and suffering and economic hardship all across europe and now they're going to find that as iran currently supplies five hundred thousand barrels of oil per day to the e.u. there is a potential oil price spike in the offing should iran preemptively stop the flow of oil which is it has threatened to do you know what let me go back to my original question where is germany going with all of this in other words if that is true what you just said and you've got europe forced to take a position between the u.s. israel and u.k. and iran which way will germany swing well carthage is the answer again curfew. must be destroyed now many romans went and fought all these punic wars they fought as valiant soldiers dedicating their patriotic fervor to rome their lands

were stolen they paid the price so that carthage was destroyed they themselves were the victims this is part of carthage this is part of iran being destroyed must be wiped off the face of the earth forever standing up to the empire that they could control the straits of hormuz based on a paper currency that is being diluted and the best into oblivion sure but it's a great deal in the world to get that we all know it's a currency that's worth nothing imagine if you came up with this fabric of paper here and i had to give you all my labor for that for just because you said it also still uses face on this piece of paper and as a movie going to trade out a premium to every other currency out there on the globe well this sort of mentality of course trickles down even critics of safety net increasingly depend on it so this is an article that got a lot of attention from the new york times last weekend and

a source with key goal brinson owns a logo apparel shop deals with julie on the side and referees youth soccer games he makes thirty nine thousand dollars a year and wants you to know that he does not need any help from the federal government and he says too many americans live on handouts and that's why he backs the tea party and he dedicates money and time to getting the tea party in there to take down the government yet this year as in each of the past three years mr goldman sachs is counting on a payment of several thousand dollars from the federal government a subsidy for working families called the earned income tax credit he has signed up his three school age children to eat free breakfast and lunch a federal expense and medicare paid for his mother eighty eight to have hip surgery twice so. they chronicle over and over that in fact much of the social safety net in america was in order to keep americans from extreme absolute poverty but

actually more and more of that pie is actually going to the middle class who are making thirty nine forty fifty thousand dollars and they're getting more and more of that pie and actually the poor the very poor are getting less and less of it and it is that middle class that they highlight so you know well that they're the ones that are most against federal candidates to other people and the federal government does such a good job at it these people are even aware of it it's invisible to them they're pulled completely subsidized by the government and they have the nuts to come on and say well i don't want any federal subsidy i don't need it i'm a john wayne or what i wanted meanwhile is entire life is subsidized by the government because a stone so well he doesn't even know what the frickin baby diapers changed now i want to end on one little quote here from socrates because we're doing all these history lessons of going back in history to carthage and of course athens on fire was in the news and it really fits in with these themes that we've been talking about today at his trial when socrates was asked to propose his own punishment he

suggested a wage paid by the government and free dinners for the rest of his life instead of the death sentence which he received well as a philosopher and i think it's interesting that even two and a half thousand years ago this was still an issue of who gets the free lunch and a government salary on one hand people want it but as socrates is perhaps suggesting it's also a punishment goldman sachs been around that would have created hemlock futures and forced him to buy into fifty trillion dollars worth of beyond collateralized hemlock futures contracts i mean what have gone bankrupt and killed himself anyway all right stacy ever thanks so much for being on the kaiser report q. manx don't go away much more coming away so stay right there. in the morning.

news. could you take three. three. for your media. welcome back to the kaiser report imax keyser time now to go to new york and speak with chris whalen of tangent capital criswell and welcome to the kaiser report max all right chris well let's get into this question on everybody's mind the latest greek deal your thoughts well it's it's not so much

a deal as buying time we're now going to try and convince all these investors to take a seventy percent loss and take these new pieces of paper in exchange for the old ones i don't know if this is going to be successful you know eventually we're going to have a new government in greece too and they may not agree with the path that the technocrats are taking at the moment so i think you have to view this as a step towards some kind of resolution but i don't think this is it right let's let's try to look at this you know a higher up just look at the euro itself not sure if you have comments on this per se but i know your your colleague over there tangent capital jim rickards is very constructive on the euro over the dollar do you have an opinion on this currency play well it's funny you're right jim rickards is very bullish on on the your or at least constructive and so is my good friend david kotok wrote a book a couple years ago suggesting that people invest in europe i'm still waiting to

hear what is going to bring all of these countries into full union both in a fiscal sense and the currency so we already have a currency union but we still have all the. it's disparate countries and i'm not sure that they have really yet agreed to go all the way so if you're asking me do i think the euro is a good place to store value right now the answer would be no i don't think the euro is going to disintegrate i think the core countries germany france the benelux nations will probably stay together but the question is what do we do with the periphery even italy i just don't know that the italians or the spanish can bring their countries into line so that they can live like germans so i just don't know where we are in terms of the euro i always remind people that the treaty of rome and the coming together of the western european countries was an american idea and i'm not sure it was terribly well thought out the whole rationale was to prevent another war by putting all the europeans together trying there for.