a simplified transparent and more competitive election is the purpose behind a new parliamentary bill introduced by president dmitry medvedev well the draft oppose all envisions an election process with the last iraq a c. and more representation that will also take into account the country's vocal online community our correspondent peter all over has more on the proposed changes. this bill is being put forward by president made yet of proposes a major overhaul of the electoral process in russia now some of the key points that are in this bill if it is put through the deal where it becomes law what will mean is it will establish rights for observers at polling stations to video and photograph what is happening there also allowing of course the the web cams that we will see across polling stations across russia that will not just be broadcasting the live from the polling stations but also the counts that are taking place where those votes are added now the system of proportional representation in russia will

remain as it is however we will see changes to how the country is divided up now what is being put forward has been put forward is two hundred and twenty five electoral districts that's what the country will be split up into all of them roughly equal him population it's expected if this law goes through we will see a lot more parties from all over the country. going for two seats in the duma now many more parties means much more competition means much more pressure on the politicians to do what the people want from them now this bill that's been put forward by president is the full bill regarding electoral reform in the country some of those will start being debated in the duma on the twenty eighth of this month and all of this really comes after the elections in december of last year which resulted in many people be unhappy and what they saw was electoral irregularities we saw protests on the streets of russia president medvedev said he

would address the issues that had been brought up over those elections and this is why he's put these bills to the state duma. israel wants washington to batter iran to tougher sanctions before its nuclear program reaches what is described as a point of no return it came in response to terror demonstration that its atomic project is progressing well iran says it's willing to restart nuclear talks with world powers but only after announcing it can now domestically produced nuclear fuel rods as well as state of the are centrifuges to enrich uranium well this was met with skepticism by the u.s. state department which dismissed the claims as hype in the face of western economic pressure but the escalating situation around iran has some worried about a military outcome but the national iranian american council believes a military strike would not wipe out its nuclear capabilities the real problem here is that there is this escalation towards this military action it's not going to

actually take out the nuclear capabilities of iran if israel bombs iran it sets the program back a couple years and then they have to go in and bomb again and then they have to go in and bomb again and you just have this cycle really the end of the day this ends in full scale occupation total war there's no clean strike that happens this is if this happens it's the beginning of a long confrontation that really it's going to make you rock in afghanistan look like a cakewalk and it's going to plunge us into a very long term military engagement with more on the israeli iran standoff for you when we talk to jerrold selective the founder of the trends research institute will use a preview of what he has to say of the full interview coming up next hour. if the united states israel or nato attacks iran's nuclear facilities. it will be as i said before the beginning of world war three syria may be the new into it because

who's serious topic. iraq. and as we have seen from reports that came out with the leaks. the united states and the west has been very instrumental in undermining the syrian government even before the latest uprisings have begun. now let's look at some other stories making headlines around the world egypt's ruling muslim brotherhood party could scrap a peace treaty with israel if washington carries through a threat to halt financial aid america could stop with money and response to recent raids on n.g.o.s operating in egypt and which nineteen u.s. citizens were arrested and put on trial cairo accuses of nonprofit groups of contributing to the anti-government movement and igniting fresh on arrest.

almost one hundred percent of serve voters in northern kossovo rejected rule from the cost of a capital christian not in a local organized referendum the e.u. and serbia were against the vote saying it would complicate ongoing discussions with the breakaway state around forty thousand serbs still live in kossovo which unilaterally broke from serbia almost four years ago. a crowd of young tibetans activists have attempted to force their way into the chinese embassy delhi to demand independence from beijing they were blocked from entering and driven away and police found it follows a wave of unrest in recent months a bus in china which has seen many tibetans setting themselves up far in protest about being here celebrations due to start next week are expected to stir up more strain. well that's the news this hour now it's time for business on our.

thank you tess so welcome to the business program this hour the u.s. is looking to cut around economic lifeblood by removing it from the wall the financial clearing system known as swift it will rack up pressure on toronto as the country's leadership reveals new progress on its nuclear program but as artie's daniel bushell reports america's action could end up backfiring on its own people. this is a bid to kill iran's economy washington's move to from the swift world transaction system would choke its ability to trade internationally swift payments orders the worlds of business or the world of business they used practically every company and state in the world to exchange financial info the legality of america's move is highly question its unprecedented political interference in its work which has always said such issues should be handled on a national level what is clear is barack obama's frustration the sanctions work in

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 six months for is last night over one hundred nineteen dollars a barrel cutting iran out of swift not just the energy price but the recovery of the world's economy. well have a look at how or prices look at this and they are indeed exists a mixed picture despite u.s. crude inventors falling for the first time in four as you can see the light sweet is up over one hundred one dollars per hour brant is just recently got itself into the positive territory when i'll move on to the currencies and see what's going on here is trading lower to the u.s. dollar they are after the talks are rest second bailout for greece have been called off and the ruble is losing value against both the european and the u.s. currency. and the markets are losing value this hour on news news investors

service has threatened to downgrade one hundred fourteen financial institutions in fixed income and greece of course remains a concern in the region. and the russian markets are in the red this hour i've not managed to get themselves into the black at all today as you can see the r.t. has is of one point eight percent down to my sex is no point nine. percent down almost take a look at the individual who's on the my sex truck to make a come out is losing ground on profit taking after adding over twenty percent at the beginning of the weight energy majors are tracking down by market centers and are posting moderate losses that thank you also under pressure is losing under one percent their point seven percent looking ahead to the coming trading sessions you've gained you cause you miles off from our capital tells us what sectors he favors generally we feel like

a true right time to invest into. consumer sartre in russia because stocks look a bit cheaper we also can expect some positive for male drivers to merge in the coming miles so probably in the consumer circuits again i'm an activity which drove the market last year in an energy sector some kind of stability with a tariff. which is going to give huge upside to this conference so it's better to be right now going to be in after. dark slow by twenty percent. buses economy will have a dynamic start to begin but is that to lose steam in the second half at least that's the verdict of standard and poor's rating agency which says the country's growth will drop to three point five percent among the reasons of the central bank slowing credit growth to cut inflation risk and. capital outflow.

but as the largest lender has finally got the keys to access the european market is signing a long way to do just vaults by international since the grain the acquisition back in september bank has managed to drive down the final price by eighty million years to five hundred five million the banks had sees no way it's going to entering the european market despite the current debt crisis. they cannot use the financier's the greek default has already happened the current restructuring of greek debt is a trial to find a way out of this default we're now more interested in what's happening in the south of europe portugal spain italy but we're not present in these countries the countries where we are present they have clear macroeconomic picture and policy. so the business news on it so for me as a wall today my colleague in america will be back with all things business in about fifty five minutes.

welcome back to watching r t live from moscow here's a look at our headlines russia has accused forces outside syria of encouraging rebel groups to continue fighting and stay out of peace talks ahead of a u.n. general assembly vote on a resolution aimed at the assad regime. as for low. firstly the law says that you use demands on them to be kept in limbo when presented with more terms as a starting leaves greek hospitals form of wing of the military on a scale. that iran's display of nuclear progress and offer of talks are dismissed

by america israel as bluster and response to severe economic sanctions. transparency competition and a connection to the next president medvedev has a new bill aims to overhaul and simplify it russia's parliament reelection it's. all next in our financial analysts analysis of the lowdown on high finance the cars are now in the kaiser report to stay with us. 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 amber is evans pritchard of the telegraph says the last time germany needed a bailout from world creditors it secured better terms and shattered greece last week so 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 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 anyway 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 this to germany of old is this to germany we remember from world war one and two is 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 been 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 as part of the propaganda of course that was used against the carthaginians 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's 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 offense 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 oh east 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 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 there are 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 i iranian people the iranian government wants to do non u.s. 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 their 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 let's blow this do a little thought exercise here using jim rickards currency wars as the paradigm what would be the appropriate counterattack from the iranian actionis 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 your oh yeah under 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 an 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 want 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. this 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 based into oblivion sure but it's a great deal in the world to get that we all know it's a currency that is 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 stole this is focused on this piece of paper and it's a movie going to trade out

a premium to every other currency out there on the globe well this sort of a 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 and jewelry 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 they don't even know what a frickin baby they got these 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 went around that would have created hemlock futures and forced him to buy into fifty trillion dollars worth of beyond collateralized hemlock futures contracts and what have gone bankrupt and kill themselves anyway all right stacy ever thanks so much being on the kaiser report q.

manx don't go away much more coming away so stay right there. well with the. technology innovation all the developments around russia. the future are covered. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you don't know i'm tom harkin welcomes the big. welcome back to the kaiser report imax kaiser 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 year. or

at least constructive and so as 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 these 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 bene luxe 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.