but the need to recruit. people to all to leave the pole vault all pretty prominent off the music by the united states and the european union country five very different nations five basseley different economy is all coming together to labor grex to a new global economic future one where the dollar might not be so high and mighty i'll give you a preview of the great summit and the hour i urge that we not begin a new world without a full debate without a vote without careful consideration of the ramifications of a third or even a fourth war in this past decade i dare for respectively object rand paul brings an

unpopular stance to the senate floor and unless it look before you leap into conflict with iraq all congress listen are is a full speed ahead for war. plus it's the case that has pittsburgh's muslim community all riled up a thirty four year old man arrested seemingly after being provoked by the f.b.i. to make jihad mr mark so is this justice served or another case of entrapment and the u.s. will debate. it's wednesday march twenty eighth here in washington d.c. i'm liz wall and you're watching our team. well it's a group of countries banding together in a troubled world economy they've been calling the brics that is a prison india china and south africa heads of states from the emerging economies

gearing up for their annual summit tomorrow in new delhi the greats are the five fastest growing economies in the world and i want to take a minute to show you how far their global reach actually is. well together these countries make up forty two percent of the world's population and a quarter of its land mass they are responsible for twenty percent of the global g.d.p. and expected to surpass the us g.d.p. in just three years and they own a whopping seventy five percent of the foreign reserve worldwide. and our influence on the global stage is only growing and with their growing power they have plans in the works to form a joint development bank are his prius read our reports to us from india and pick up of the summer heads of state from the five leading emerging economies brazil russia india china and south africa the brics nations meet for their annual summit

the five make up forty percent of the world's population are expected to contribute almost half of all global g.d.p. growth in the next eight years and have a rapidly growing influence in international affairs thinks is the basic in the economy grouping but i would do it is quite limited but i do believe we're going to come join the geopolitics to join the geopolitics of the word the sun it this year is expected to discuss a new joint venture between the five the other breaks countries are interested in cutting tiny's investment in infrastructures and in the development of their resources so obviously a development bank would be a very very useful buccal for this kind of investment committees and i think we need to build raise the curtain to those bricks right the stock exchange this is

not at all when you exceed you you can from the political leaders believe that a brics bank could merge the a growing economic powers between these countries into a centralized establishment they also believe that it could serve as an alternative to their lives by nanse all institutions like the international monetary fund and the world bank but to meet the rip's rules hopes to be able to alter to remove over all pre dominance of the institution by the united states and the european union countries the brics countries have been busy this year not. just in guarding against the impact of europe's financial crisis moving away from the dollar as a reserve currency to a bricks driven one is also still firmly on the agenda it would become really good to see it's going to see. you it is just. that this this summit will be hoping to advance further the

economic interests of the brics group further loosening reliance on western dominated global economic architecture preassure either r t new delhi india let's talk more about the rising power of the brics i was joined by peter seth president pacific capital i first asked him about the significance of the meeting this is take well it's always significant if they come to any significant decisions or conclusions on what to do about some of their common problems i think the biggest common problems a problem for the bric nations is how to deal with the united states and more specifically the u.s. dollar all these bric countries are accumulating enormous dollar reserves the dollar is going to lose a lot of value and so that means these bric nations are going to lose a lot in the real value of those reserves a lot of these bric nations are running trade surpluses with the united states but

of course the united states is not a position to actually pay for these products so they're pretty traditional trading and vendor financing and these are real problems and the world needs to wean itself off of this vendor financing scheme and needs to find a way to get out from under the dollar as the reserve currency and now they're expected to sign an agreement allowing them to extend credit to each other and their own local currency do you see this as a step toward replacing the dollar. it's a step i mean it's certainly a movement towards that direction and the more other other nations begin to invoice each other in their own currencies in trade bilaterally in their own currencies and not try to do everything through the u.s. dollar less dependent they become on the dollar and the more vulnerable the u.s. economy becomes to the day that the dollar is no longer accept around the world as the predominant reserve currency now another announcement that they are expected to

make some are out as this plan for the countries to form a joint development bank do you think that this could a rival of the world bank and if so how well i don't think that the world bank is a particular useful institution so i don't think that this is a good sign to see countries trying to follow what is a very bad example and to try to create more structures from government i think what the bric nations need to understand what all nations need to understand is the less government involvement in their economies the better i would they want to do is get out of the way they want to make government as small as possible have as few regulations as low a tax as packages so that businesses can thrive so that production can increase and linear living standards can rise particularly you know for the middle and lower classes and you know the best way to achieve that is not through government created

institutions but through the private sector now the criticism that this group often gets is the fact that they are so different they're there on different content as they have very different economies very different governments some critics say that brics are nothing as nothing more than an acronym and do you think that the countries will be able to find enough common ground. well there's no real movement for them to join politically and to some kind type of brick nation they do have certain things in common and they might have some common problems and so i can see why they might want to get together and see if they could collectively come up with some solutions or we're talking about some of these problems with these roboto think that you know other than maybe a freer trade relationships i mean to the extent that any nation can reduce trade barriers between itself and other nations it will benefit the citizens of both countries but they're not trying to come together like the european nations did in forma a common political structure or common currency but that's not what this summit is

about they gave me or trying to just cut a rival some of these g seven summits or g. eight summits where other nations get together and they get the headlines and they talk maybe they you know it's like you can't get into that club so you know form a club of your own and you know the interesting thing is a lot of the nations into g seven life united states are big getters you know we're borrowing a bunch of money so i think that a cloud of creditors makes a lot more sense then to take a look at the people who are going around the world begging for money maybe some of these countries that are generating all the surpluses that everybody is begging for a share of maybe they should get together and kind of form their own their home club now breaks together they are you make up some of the fastest growing economies in the world right now do you think that there's at least signifies a shift in power. a global economics i remember this

a few months ago they were considering bailing out the euro zone yeah well the summit itself i think doesn't necessarily signify anything but what would signify it is their accumulated surplus and look at all the wealth that they're acquiring look at all the production look at all the goods and services look at the resources that they're able to import in. and the investments are making around the world that's a greater sign of their power now than the fact that they want to convene a lot of times these these meetings are just an excuse for some very bureaucratic to have a party on on taxpayer money and so i don't i don't think that meeting is really what you want to look to you really want to look to what's happening in the countries in their economies and you know i think that the biggest problem again collectively is the drag that is coming from the u.s. a lot of people think that the u.s. is benefiting all these bricks in other countries because we're the customer we're the big consumer of their products but my point is that we are dragging these

economies down because we might be consuming their products but we're really not paying for them they're really not getting something of value in exchange for the products they give us they're getting treasury bills that are going to depreciate and you know right now they're out there holding off but it's a gigantic gobble and the dollars going to collapse of bos going to collapse and the brics need to realize that they have their own engines that they don't need to sell their goods to america they've got plenty of consumers in their own country they can actually afford to buy these goods if they would simply allow their currencies to rise and they stop buying u.s. dollars now. regardless of their economies they are are on the rise and that with this type of kind of turned in that way do you think that the west and the u.s. can kind of learn for it from their economy is that there is there is there something that we can learn from them. well i mean we certainly i mean there's a lot that they already learn from us unfortunately we're not learning much from our own history well i would rather see america americans today instead of looking

at the modern day bricks just learned history just go back is study the u.s. constitution look at what it was that made america so rich how were we able to achieve so much in the nineteenth century how did we create the world's most prosperous economy you know we don't have to look at examples in russia or china to know how capitalism works we need to learn from our own examples the problem is that the rest of the world is doing a better job of following our example then we are already paid our pleasure to have you on the show as always that was peter schaeffer president of a capital well it is in addition to the economy of the brics also plan to discuss what to do about iran and iran's nuclear ambitions have caused a major split and the united nations with the u.s. on one side and russia and china on the other but it looks like there's a divide within u.s. congress as well senator rand paul locked in efforts to quickly pass

a bipartisan bill imposing tough sanctions on the country take a listen. plan is one sentence long it states that nothing in this act is to be construed as a declaration of war or as an authorization of use of military force in iran or syria i urge that we not begin a new war without a full debate without a vote without careful consideration of the ramifications of a third or even a fourth war in this past decade so will the measure by the us the time it needs to discuss its options or is the u.s. on the path to inevitable intervention earlier this afternoon i spoke to senior editor for reason magazine and reason dot com already we discussed so rather the bell would impose new sanctions on iran and could it be seen as a possible push toward war take aleck. sanctions in and of themselves are

essentially an act of war i mean we're basically showing iran that their banking sectors their energy sector is up pretty much the entire life whether their economy and not interact with the rest of the world in any way we're trying to ensure that you know not just america but any company anywhere around the world it won't be punished if they do business with iran i mean i think clearly if anyone tried to do the same thing to us we would understand it as now after the war and rand paul recognized that he was sort of i think just tweaking his colleagues trying to get them to admit that you know look what we're doing here is a very dangerous step toward a war that the american people really don't want and that isn't going to be conducive to america's national security in any way so it's a very dangerous step and i'm afraid that despite the rand paul is this sort of heroic attempts to slow it down and of course this is merely what we're talking about here is merely in addition to a bunch of sanctions that are already there so we're already very far down this path and i think. we're trying to tell them that they are very hard about what

we're doing and why we're doing it right and some people disagree and say that sanctions aren't i an act of war it's just cutting pressure on iran what do you think of that. oh i say do the simple you know golden rule obligation that senator kohl father ron paul often apply imagine if any other country try to tell the rest of the world that you cannot do business with america's banking sector you cannot do business with america's energy sector and if you do we will punish you we will not let you dos and also in the united states being the most powerful largest economy in the world we all are going to be essentially using force that the united states and for around cripple iran believe in survive and read all understand that and i think read understand that as well which is why he was so reluctant to let them end if you consider now that senator rand paul as it as you've said he's

speaking speaking out now and blocking the valley at least for now how effective will this be encouraging congress to be more cautious as their approach toward iran . i'd be surprised if it actually much significant that i mean it was a symbolic gesture it's great that there are at least one or two people like rand paul in the senate being his voice of reason about what seemed an inevitable march to war with iran however i'm guessing that reid is going to manage to pull whatever procedural tricks you need political. path and again even if this doesn't pass this new wave of sanctions the existing sanctions we already have. that the american government is not exactly a sort of dealer when it comes to telling iran it needs to negotiate about these things now senator reid says that there isn't anything in the bell that suggests passing gas war and he's stated he's disappointed that the bill is being stalled what do you think about that stance. if that is correct then i think senator reid

shouldn't have a problem with allowing his colleagues to clear them so openly and on the record about whether they believe that we are you know on the march to war with iran and syria or whether they should declare you know we want to state this is what we're doing we are not saying that there should be a step for war if readers so sure that i do not i don't see why you have a problem of letting go for all those that are unfolding now the majority of congress seems quite eager to pass this bill why is paul one of the only ones to speak out against that. it is it is a terrible shame that a sensible noninterventionist foreign policy is something that seems to only have people named paul spending it in congress and the senate that's not entirely true but it's largely true i wish i understood why we have a long series of them spelled idiotic criminal has no experience with damaging

attempts to grow our weight around in the middle east once we get involved has proven that we don't know how to get out quickly we're going to escalate the cost we're going to escalate the cost in money and in human lives and it's government it's a darn shame that only people like rand paul and won't call our voice that we're talking about this and i hope that in this election the american people have a chance to actually express their opinions on it but unfortunately both romney's the likely republican and obama are pretty much have the same opinion about that is that we need to do everything and anything that possibly up to it including a nuclear attack to prevent iran from having nuclear weapons and i think that dangerous then and i'm glad there's at least a couple of people in congress in washington who are very much like a polish time and time again here prove that they are separating themselves from the wrath of brian this is all for now but do you think that this is just a lang being out of oh yeah i'm afraid i do think it's probably they're weighing the inevitable one of the interesting things about this is one of the reasons we

were so reluctant to let there be a vote on rand paul's amendment is that he's actually reluctant to let sort of let loose a floodgate of other amendments many of which if voted on would actually take the feel even worse so if he does manage to procedurally get this through we're probably going to be a sanction bill despite senator called afterwards that that's even worse than one the one we're looking at right now are you basically saying that i am that war is inevitable at this point. no i don't think war is inevitable i think that or our congress is willingness to actually say that they don't want war is not going to happen even though it really should be their responsibility to say that but it's what the american people actually want. i'm not saying that war is inevitable i'm saying that reluctantly little slow i don't look forward to a lot of responsibility involved in actually or about the implications of the

obdurate stance you're taking toward iran right now brian thank you for coming on the show that was senior editor for reason magazine and reason dot com bryant already a recent tragedies have brought the issue of racial profiling back to the forefront thousands of people around the country have taken to the streets demanding justice for trayvon martin and i believe the teenager was shot and killed because he was black another possible hate crime against an iraqi woman in southern california as also beginning to grab international attention and inflaming the race debate and america arses are among the window reports from los angeles. yes. public outrage over the killing of an only on black teenager in florida by a self-appointed neighborhood watch get to lancy. the anger at authorities for simply accepting the word of the white hispanic

shooter that it was self-defense when the police officer was taken from a witness and the witness would actually been a man once also thought it was a boy that was primed for help and in the office is a no no no that was. officer wasn't even. suggesting there was a. releases incrimination from the east coast to southern california a massive show of solidarity asking for justice for trayvon martin and for the arrest of george zimmerman more than a month after the shooting of trayvon martin and thousands of miles away the case is still stirring up strong emotions here on the streets of los angeles it seems like a killer because he was supposed to try to flee he was killed because of the fact the case is a stark reminder that racial discrimination continues to run rampant in american

society trayvon martin was targeted and profiled. zimmerman's own description in them one tapes he talks about. it looks like he's on drugs he's an african-american male the suggestions that hate and bigotry has something to do with trayvon as death has some comparing his killing to the recent death of a muslim woman in san diego thirty two year old shame on what he was dearly beaten in your own home a note next or a body read go back to your country. you terrorist she's a housewife she's she has anybody her heart broken daughter found otherwise drowning in a pool of blood the family wonders what would compel such a trip were not the cheers you are who every day despite the shocking nature of the

death inflammatory language has flooded the web suggesting that otherwise he may have to serve or their families line islamophobia websites have also capitalized calling it an honor killing instead of a hate crime. right now along with a million hoodie march is planned for trayvon martin one million his jobs for shame otherwise he groups are being organized in recent days much has been said about what martin you know what he was wearing i think the hoodie is as much responsible for trayvon martin's death as george zimmerman was comparing a piece of clothing to a gunman is clearly a stretch it is also a huge distraction in the media from the larger issue that young black men and muslims in post nine eleven america are still profiled in dangerous.

in los angeles. archie. was a case of it shall be i'll curbs racism runs much deeper than black and white survive whether you're wearing a hoodie or a huge job the us is not free from discrimination after the nine eleven attacks the case of intolerance shifted the muslim population and even law enforcement agencies are guilty of it which brings me to entrapment this mom thirty four year old. was arrested in his home during a police raid he was charged with illegally possessing a gun however local muslim civil rights groups believe he was the target of an f.b.i. . entrapments saying now this is just one of many examples of the f.b.i. singling out the muslim community as a national security threat so is this a necessary safety precaution or play in races that are more about this i was going by president and co-founder of projects when jack said i first asked her about the

difference and media coverage for certain stories on racism here's her take i find the idea that these iraqi woman was murdered because somebody thought she was a terrorist and her she was from iraq is simply outrageous and i think more attention needs to be paid to this particular case the woman who was killed and with a note left next to her. why do you think it's so why do you think it's outrageous elaborate on that. why i think in this country today we there is a great deal of targeting of muslims going back there's a lot of. attacks on muslims in terms of the f.b.i. has been actually sent their informants into wasn't communities because for some reason the f.b.i. thinks that muslims are more suspicious they're a minority group and they're easier to target those women particularly because they often know where he shops are they dress a little differently and. they're easy targets the issue of the f.b.i.

i know that in actually new york city the new york city police department has been sending informants into muslim student association and i think this is an outrageous file relation of civil liberties that we have this alleged entrapment pace of the pittsburgh man he says he was a little worried and so making his comments and as you just mentioned the n.y.p.d. they have been accused of racial profiling muslims to what extent do you think racial profiling occurs within u.s. law enforcement. well in terms of these pieces of what we call them is there prosecution or prosecution without a crime it seems to me that we would the united states of america and one for its should not become interested in you at most you are actually engaging in some kind of criminal act and we have had instances where muslims were doing anything wrong absolutely nothing and the f.b.i.

has sent in informants and big hundreds and hundreds of hours of tape recordings to make their case they spent months if not years making a case against these muslims when in fact they were doing nothing wrong and had they been say over his compliance or lutherans the law enforcement would be interested in. their racism certainly is not a new concept in america that would you say that racial profiling is now a shifting toward as a lot of. i think there's a lot of shift islamophobia. i think we also have other racial issues. i happen to know more about islamophobia but yes i think there is a great deal that. says nine eleven there's been a great deal of tarquin of muslims. and its cause and so what do you think glenn that is feeding into racial profiling and into this shift. well i think. part of what's going on is that. dick dick cheney said that if there's

a one percent chance that something might go wrong we have to treat it is if it's a certainty or hundred percent chance and so this started is this idea of preventing terrorism but the whole idea is that you can go in and actually prevent terrorist acts and one of the things that the united states has been doing is targeting muslims because. it's a rat and and trying to do it to see if they can find muslims who are involved in some kind of. you know cloudy or whatever but this type of thing just doesn't work because you can't just target a particular minority. you know for example i. knew his first case and the great cases are somewhat are connected because of the same informants were used and basically the f.b.i. informants you know spent

a year or more trying you know going to mass trying to find somebody to say something violent and he couldn't find anything. so he created a plot now you mentioned cheney's statement earlier on. after nine eleven and certainly in nine eleven transformed. the way you get out politics in the u.s. and but what do you make of the argument that everything needs to be done possible in order you know in the name of security and to protect american citizens. and i think that charming of particular minority will protect us i mean i don't think that that is targeting people who have no interest in islands people who simply leave peaceful lives people there and government has absolutely no evidence against them is simply no ray to keep us more secure. thank you for weighing in that was len jackson co-founder and president of projects salam on that.