just one example of how the majority of the country are now being excluded from the political process despite the west's insists continuous insistence that the uprising the so-called uprising would bring democracy to the country so you're one and this is been specified in the declaration by the popular national liberation movement let's look at the at what nato and the g.c.c. and the rebels. names a humanitarian intervention has bought to libya i mean as huge as you just don't i don't even try to hear what i want to get in one last question before we have to wrap up there are people in libya who are accusing the n t c and the current administration of not being transparent do you think their accusations are justified. well there is actually no government in libya at the moment the n c c is nothing more than a media show that there are hundreds of militias that control different parts of the country and this one of gadhafi and the former libyan government always warns

that this would happen so we are we are seeing that anybody who doesn't agree with this state of affairs by the western backed rebels is systematically persecuted as you mentioned unless the have. done a report showing that there is a systematic persecution of people who support about feet not least the former permanent representative of the united nations that that was their daughter who human rights watch did a report on yesterday to basically say that he's been tortured to within an inch of his life and they called for him to either be brought before a court or released immediately to very important other figures to ask me to bring him and roger good the bus the philosophers and just because they don't support the nato backed intervention in their country they have also been tortured to this day are being detained we actually don't know their status so really the state of affairs and i mean we can see the same thing happening in libya now the nature of syria now sorry the nature of the opposition in syria is very similar to that of

libya and if you want to know what is going to happen in syria if the destabilization of that country continues you just need to look at that and the key and the lack of transparency in governance human rights and all the other things that were prominent promised in libya actually exist now and you know the media ignored the warnings of the libyan government at the time that what's happening now would happen but now that the damage has been done the media is beginning to be more honest and report on on the crisis that is the reality on the ground in the country but obviously the media is. just too early to start with or we're running out of time losing a feeling thanks for your insight. thank you. and we like to hear what you think we or assessment of the uprising in libya go to our t. dot com and share your view about what the revolution has done for the country stake a look at how the figures are stacking up so far almost half the respondents think libya has become an oil for western powers a third believe the result the revolution the country is now torn apart by civil

war thirteen percent say that libya might become a hotbed for extremists as a result five percent are convinced the country is on the right path for democracy what do you think dot com cast your vote. afghanistan pakistan and iran are holding talks in islam about focusing on the peace process with the taliban this is frustration grows in kabul over the growing number of civilian casualties in the u.s. led campaign in afghanistan for more on the significance of the summit i'm joined by ahmed correct she's president of the pakistani first political action group so what do you make of the timing of this summit. i think we are seeing multiple messages being sent out by multiple parties first of all boxed on is sending a message of defiance to the united states and washington considers iran course as some sort of an enemy and buckstone is sending a message that box on the policy henceforth for quite some time now actually would be independent and the pakistan would pursue its interests even if those interests

do not fall within the larger strategic plan of the united states in the region and so you see by some for example moving has been asking the iranians for quite some time now to to implement or have the visit of president ahmadinejad just followed by happened and it just happened now and i think iran is also sending a message here and rain ians are more concerned about encircled and they're worried about the rhetoric and the drums of war are these psychological warfare and i think they're very keen to ensure at least two neighbors that is focused on and turkey. not joining the u.s. and certainly of iran hochstein continues to be there we link because there are people within the pipes any power structure who would probably support a us use of pakistani territory against iran and then you have

a very very strong pakistani public opinion of course and many people of course with the power structure of will also oppose that kind of an idea so i think president ahmadinejad's is somehow trying to ensure by this visit which was expected for i would say the past two years and the iranians for many many reasons were not willing had it with that visit and they chose this particular timing which as i said with the drums of war so you have iran sending messages and constant of course more importantly sending a message of defiance there was recently another nato strike in afghanistan resulted in the civilian deaths adding to the growing frustration of afghan authorities about the coalition's actions there does kabul now want to drop u.s. assistance and fight the taliban only with its regional allies. i don't think i think the there's a growing realization at least in the camp of president hamid karzai that they do

not really want to continue with the american method of fighting me of on taliban and i think they would be very much been very much keen and very much interested in sort of the incorporating and integrating many of you have got taliban into the gun power structure and that's why you see president hamid karzai today right now in islamabad and if you watch closely his meetings the planned meetings for tomorrow president karzai meetings he's meeting with key pakistani political. political and religious leaders islamic leaders who have traditionally maintained very very close ties to the afghan taliban and other have gone resistance groups in particular the lydian have been here are so so he is basically reaching out to the very people who were shunned over the past decade the religious right i think that's a very big and a major shift president karzai has visited pakistan many many times before but he never went out to meet the religious right that is known to be very close to or has

been very close to afghan taliban so we're seeing a major shift here i don't think president karzai really is thinking about. going the route of fighting the taliban i think he's looking toward integrating them and opening his own direct talks and i think everybody is talking directly to the afghan taliban the only party in the region that is over that refuses to say openly that that it has any direct channel with the gun taliban is pakistan and i think that would be a major policy shift we are many box any political commentators are waiting for the pakistani government to possibly now using this opportunity of president ahmadinejad and president karzai. use this opportunity to maybe in the next forty eight hours decide where to clear or give some sign that pie. absence or merely opening up for the first time since two thousand and one breakup of the diplomatic ties the talks and had the government of going taliban for the first time opened

direct channels of talks and negotiations with. thanks for your top. business news next with kareena stay with us. how to welcome to business here in our team with me coming in malakand the u.s. is looking to cut iran's economic lifeblood by removing it from the world financial clearing system known as swift it will rack up pressure on tehran 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 big coup economy washington has moved from the swift transaction system with its ability to trade internationally swift payments orders the worlds of business that all the world's business practically every company and state in the world to exchange financial info the legality of america's move is hardly question it's

unprecedented political interference in the work which is always 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 it's no one else to fuel production mean more misery for u.s. consumers brant six month over one hundred nineteen dollars a barrel culture of swift not just the price but the recovery of the world's economy. let's have a look at the markets now your stock markets pared losses carving data from the u.s. showed signs of economic recovery in the world's largest economy stocks fell after the reason to service threatening to downgrade more than one hundred financial institutions here in russia markets and the red where they are just losing one and a quarter of a percent in the my six shedding half a percent let's check in next movers on the banking stocks were among the main

retrievers of the day one percent p.t.v. close one point four percent in the red album with genuine net profit rose sixty percent in russian accounting standards bucking the trend well company rosneft it gained a quarter of a percent. russia's economy will have a dynamic start to the year but is set to lose steam in the second half of the verdict of standard and poor's ratings agency which says the country's growth will drop to three and a half percent this year among the reasons the central bank slowing credit growth to cut inflation risks and continued capital outflow. russia's largest lender has finally got the key to access the european market spare bank signing a long awaited deal to purchase austria's folks by going to national says agreeing the acquisition back in september spare bank has managed to drive down the final price by eighty million euros to five hundred and five million the banks had sees

no risk in entering the european market despite the current debt crisis this immense use the financier's the greek default has already happened with the contra structuring of greek debt is a trial to find a way on this default we're no more interested in what's happening in the south of us who watch your screen it's illegal but we're not present in these countries countries where we are presumed to have a clear macroeconomic picture and policy. and that's all the business from may but remember you can always find more stories just log on to our website r.t. dot com slash best. he.

eleven thirty pm in moscow two zero r.t. headlines here is a pending confrontation between tehran and televisa grow after reports that iranians are arrested over recent thailand bombings were targeting israeli diplomats. violence in syria as fellates as a high ranking religious leader is assassinated in damascus allegedly for his pro-government stance this is the syrian opposition accuse the government of stepping up attacks on the rebel held areas with the city of daraa the latest target. options fulfills the last of these valid demands but many greeks

feel the nation won't work cover from austerity measures which harm their health care system while leaving the military untouched. kaiser report coming up stay with us. max keiser 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 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 private 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 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 too 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 a fence 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 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 there are the same thing coming out of iran an oil bourse so currency wars you see it in europe now we see it in the middle east and you're saying the i mean reining in 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 counter-attack 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 keep 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 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 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 swaying 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 based 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 this is focused on this piece of paper and as a movie going to trade out of 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 would 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 aren't 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 why do i need that meanwhile entire life is subsidized by the government because a stone so well he doesn't even know what a frickin baby 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 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 stacey newman 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.

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 hello 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 is 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 to 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 are 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 of 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 so 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 tying their fate together but in terms of thinking through all of the details now we've been doing it piecemeal so i just don't know what the e.u. will be in two or three years i think there were.