to the booth. today on r t it's that time of the year again the birds are singing the weather is heating up and monetary leaders are descending on d.c. to discuss the global financial future so what does this mean for you and the world's economy we'll find out. for those of you who think big brother is getting t.m.i. on your computer conversations get ready to ella well because there may be a way around that it's called crypto cab and it helps guarantee that your private discussions stayed out way. and take a look at this it looks like the real bank of america website it works like the real bank of america website but this is not the real website it's a spoof and it's out to teach big begs a big lesson. it's

thursday april nineteenth four pm here in washington d.c. i'm liz wall and you're watching artsy. well spread may be in the air but optimism about the world economy is far from blossoming and as the i.m.f. and world bank leaders descend on washington for their by annual meeting tomorrow europe's fiscal woes threatened to cast a dark shadow over the agenda today the i.m.f. chief christine lagarde warned that the eurozone is appy quote epicenter of potential risk this as she sought to boost the funds coffers to protect against future threats and well the world's leading emerging economies may be willing to help they want more of a say at the i.m.f. in return for the rising power versus the old world order now the world bank as well and as you are to lose the capital explains that clash is likely to dominate

this week's meeting. global challenges may be aplenty these days but few are holding their breath for solutions when it comes to this weekend's upcoming meeting of the international monetary fund and the world bank part of the issue is that the world is still grappling with a crisis of financial crisis that began here in the u.s. that spread to europe and in fact threatens to undermine much of the stability in the euro zone one of the biggest issues of course is that these institutions are led by european countries and the united states and rising economies that are in fact doing much better than many of the original founding member nations of these institutions are poised to do better at a time when these economies here in the u.s. and europeans are so much more reliant on their money and their help take the world bank for example one of the biggest charges leveled against it is the undemocratic way in which it's structured and american has always led the world bank and that has been one of the biggest issues despite a mountain challenge that saw

a defeat this week now the united states often leaves the world bank but it has a board of directors that is comprised of twenty five members twenty five members but critics say hardly at all reflect its one hundred eighty seven member nations in fact some critics say that the bank is less about eradicating poverty as its official gold states and more of a mule liberal in the old colonial gang of thugs that imposes unfair policies in terms of the loans that handouts of a country is in tries to help and whether or not any meaningful reform the actually take place this weekend remains to be seen but the world especially the developing and rising world will certainly be watching party and lucy in washington. we've been covering lately how the government is getting more and more savvy with surveillance capability is and controversial bills like sopa pipa and now sessa aim to expand that power but there are some people taking action to keep their freedom

to keep their freedom. privacy one such man is nadeem coby he was once a master hacker but now he's using his advanced cyber smarts not to make a profit that's a fine way to help people keep their online activities private and he invented this it's called crypt attack and it allows you to send messages on line and private and it does this by using encryption technology so the messages are disguised to look like nonsense to anyone else and it allows up to ten people at a time to speak privately in a chat room to talk about this hacker turned crypto crap crypto creator of the kobe thing welcome the d.n.a. so you are lying or you doing very well thank you you were once a master hacker but you turned over a new leaf and are now in the business of keeping people's on line business private tell us about how you made this transition well i don't think i was ever a master hacker i was all he's interested in hiking in the sense that it's

a practice in which you use computers and digital means to establish tools that may be used for social purposes i was always that and i will remain that if you consider this to be the finishing of a hawker but a master hacker would be perhaps pulling up to four ok but you're pretty good at what you're doing here so you're pretty good at hacking you but have you gotten into trouble with the law with this in the past well i haven't exactly been in trouble there have been some times where it has been suggested to me that what i'm doing maybe perhaps dangerous it might be you know it might be controversial but i feel that i'm lucky enough to be able to develop crypto charts. with with a large amount of support thankfully and tell us about this project crypto cat what is it what is it how does it work. well a lot of people like to use facebook chat and google talk in the web i am services

like that and that's great but these services actually communicate what you're talking about to facebook and google and there is no privacy you know your communications can easily be intercepted by these parties and also by government organizations so cryptic out there is the same thing it tries to establish a similar web service that's easy to use just as easy to use but at the same time there's also a transparent layer of encryption so it remains easily accessible to people who want privacy for you know personal or professional matters but also it makes it so that even me the crypto server can see what you're talking about we've been working on the project for almost a year now and it's getting better and better and me hopefully soon it will be very . very impressively secure and how many people use that now will currently i think we're averaging about three hundred conversations per day on the server so considering that each composition has at least two people

participating in it i would say there is at least six hundred people in the using it but the conversations me for it up to ten people ok and so why do you need to see a need for something like that there are as you said a lot of ways to mind how much of a demand you expect there to be for the sufferer. well i come from the middle east where government surveillance is very well entrenched in in the countries there and i think that there are things like crypto cards and things also like the tor project. of a commodity and more of a need and here also in the west there has been an unfortunate trend were laws like . came close to passing a narcistic to with which is quite dangerous and also in canada things like bill c. eleven and bill c. fifty and i think that's an unfortunate trend that might be driving away potential software engineers even journalists and human rights workers and so we see things

like things like that or project and other human rights computer software move from the realm of a commodity to a realm of in need around the world now people that do you make the transition to crept out hackers immokalee well do so because they want to keep their conversations on line private so how do you know how do people know and how are they able to trust that their information and well in fact the private. well crypto cat has been under development for almost a year now it's it uses strong encryption but we're still trying to make its one thousand percent safe so that it can survive even extremely tough situations for example when you're out on the field somewhere in iran trying to evade government that night you know do you harm in case they discover what you're working on but also people can know that crypto cut does what it says it does because the it's free software in the sense that the code is open it's freely available people can

check the programming code themselves they can even build it and even improve upon it themselves so our development process is absolutely completely transparent the code is open we even have we even use open standards in specific asians that are also freely available and there's a blog that documents the development process and you can you can yourself participate in making groups like a better as a developer or you know as as a computer activist and of the you just mentioned how big social media has played for example in the middle east a lot of people say that the arab spring wouldn't have been wouldn't be possible without social media now something like this would enable these kinds of communications to happen without the threat of a government shutting down or without the threat of somebody watching them what is your vision parry best technology how do you how far do you hope this to go. i definitely think that computer human rights technology like this is extremely important i think it is it provides the infrastructure it doesn't provide the will

you see the arab spring i think opens because there were many egyptians and tunisians who were very and other country people from other countries who were very brave and also very dissatisfied very grievous and i think that was the fire that made the arab spring possible but i think also that the computer you know human rights computer technology can hopefully critic out in the future when it's ready to be used in such very very dangerous situations and also things like o.t.r. and the tor project. i think they provide the infrastructure for those people who are very grievous with their governments to be able to carry out their protestations and civil disobedience more efficiently and to be able to avoid surveillance and possible counter actions from a government that will stop at nothing to silence them now this sounds like a great idea everybody wants privacy especially these days and it's becoming more scarce but i have to ask about

a possible dangers at best because up to ten people can chat in complete secrecy one time but about the software being used for criminal purposes for terror terror plots child molesters you name it they can now communicate income for secrecy and use this as a tool or. i understand that concern and it's been addressed to me before my answer is that these bad criminal people terrorists child pornographers they've existed for thousands of years and you're not going to resolve the issue by removing the civil rights of the majority of people who do not commit to these actions these people are better resolve these people suffer from mental illnesses that's what drives them to do things like this and i believe that those kind of things are better results we education through social programs through outreach to people in trouble who who do those things i don't think you will ever be able to solve these problems by simply restricting the freedoms of the rights of the

majority of people and trying more and more and more to establish this security theater which just gives this pristine age of everything being under control in reality all you're doing is just invading the privacy of people who just simply want to get a job done and simply want to lead a lifestyle that in which they embrace their typical civil liberties the better option instead of in sort of invading the rights of all these people in the name of fear then it is not better that you actually take out the problem at the root and actually figure out why there are criminals that are committing these crimes and actually helping resolve the problem so that society is healthier in the first place ok but would there be any safeguard that the. areas where there are quite possibly the people that are using this hour for criminal purposes. well it depends what you mean by safeguard if you mean that the software will automatically detect when it's being used for their terrible purpose then i don't think it can counter

security software at all but i think you'd have to elaborate by how you think such a safeguard could be possible. ok i mean if they get out i guess it would to kind of defeat the purpose of words came up or it would spark some interest in somebody possibly talking about terrorist related issues or somebody you know using it so you plot their crime in a neighborhood this would all be kept secret presumably that's what happens wait no i believe right now that there are some filters that determine for example in text messages i mean i'm from i come from montreal and recently we had a real a perfectly normal business an unknown trail citizen who was arrested because they thought that he was texting terrorist messages well in reality he was telling his friends to blow away the competition at a sports much this is an example where this sort of technology can have an overreach that is really quite invasive and i don't think that if you want to work on privacy software that you can deem yourself to have the rights to be able to be

selective about what remains private and what doesn't as i said before this sort of problem. will always exist no matter what happens there will always be people who will commit things and it's better to resolve that issue by making society healthier in the first place from the beginning from the root you're stuck with better education programs you style of social programs to prohibit those things from occurring to prohibit people from being this desperate and that's the better way to solve those things it's better to do that than to wait until the problem. evolves and then just attack it at the same time as removing the civil liberties of everyone else and i mean examples like this can be seen developing not only in the east but also in the west right now d.m. so this software is being developed right now and any word on an app coming out for it. yes in fact we already have an app for google chrome that works locally in your

chrome browser we also just finished an android up which is not in the of store yet but it's there's a development build that it works pretty well and we're also coming out with the u.s. i phone up in a black berry up very soon they're all going to be free and of free software with open source code presumably just just the same as the rest of triplicate. already for your browser id and thank you very much for coming on the show very interesting that was a dream call basic computer security researcher crypto cat thank you for bank of america and they're causing quite a stir even blacklisted by google take a look at the website it's designed to look almost identical to the real thing same colors same graphics you're greeted by a statement from bank of america c.e.o. brian moynihan part of it says quote today it's time to acknowledge that our bank isn't working anymore not just for the market but for the people our real customers

so here are the two websites side by side but real and a fake can you tell the difference the big ones pretty convincing right of course it's all fake but it's not a scam they're not trying to take any of your information or your money those behind it say it's a spoof meant to bring awareness to bank of america's controversial policies and even posted some silly testimonials showing how ridiculous some of bank of america policies are take a look at the it's. like in the past my bank of america is going to pay taxes like me the next one there i'm a product ologist at least i tell you before i do like bank of america and here's another if money was the same as speech i'd have about but see i don't. well joining us now is the man posing to be c.e.o. brian moynihan his real name is andy because and is here to tell us more about your bank of america hi there andy so what is this all about.

so your b. of a dot com is a project that bunch of us launched in order to get the word out there about bank of america and more importantly about not not only bank of america's failings and. you know kweisi criminal activity if you will but more importantly to give us all thinking about what will we do with a bank like bank of america when we have to bail it out ok talk a little bit more about the issues that you want to bring to people's attention will that mean the mean issue that we want to bring to people's attention is. banks fail they do and in two thousand and eight a number of banks failed and the taxpayers were asked to bail them out and the taxpayers did through the government now those same banks those banks are acting

the same as they did before now if think of america fails which it looks like it very well could in the next couple of years what will we do with it will bail it out but then what it will be able to do anything we want and i think it's pretty obvious that most people have better ideas about what banking should do than the people who actually run the banks that's what this site is all about. so if you what is your ultimate goal do you want to bring bank of america down. bank of america is bringing itself down it doesn't really need our help it's. if you look at its share price its quarterly earnings out just today the humongous a raft of lawsuits and claims against it and so on and so forth it's pretty obvious they're there they're doing their best to ruin themselves. what we want to do is whether or not bank of america itself fails we kind of don't care it's whatever the

next bank is that fails we don't want a repeat of two thousand and eight where the banks fail we bail them out and then they go on doing the same crazy things that got them to fail in the first place there are many many smart things that banks could do. and there are many many stupid things that they do that they could stop doing talk a little bit more about that what do they actually need to start dealing at and if not bank of america where share customers. where should customers go is an easy one and so there's a lot of local credit unions small credit unions that are answerable to local communities if the community doesn't like what the credit union is doing they can actually stop them from doing that if the credit union wants them to do something else they can make them do that there are lots of credit unions all over the country that are very responsive to their local communities and they're doing this

despite laws that are not super favorable to credit unions. one of the things that there are current unions that actually will buy mortgages off of large banks like bank of america and resell them to people who are being evicted and thus save people from being evicted from their homes due to predatory lending practices and that probably the best thing that could happen to a big bank like bank of america would be that it would be split into smaller credit unions. failing it could also just start predatory lending it could try to make reparations for the predatory lending disaster that it's created the foreclosure disaster. if you put your money in a checking account shouldn't you have a say over what that money does break down and put your money in

a checking account and the bank invests it wherever it wants even if it's something that you really dislike. i would like personally to have a say in what my money is doing if it's in a checking account somewhere but they don't and with a credit union with a small credit union you often do you know if you don't like if you don't want your credit union. investing in predatory loans or in armaments or what have you you can vote as a community and pressure your credit union to not do that anymore so now this web site is able to bring some of these these issues to the forefront and it's obviously it's a spoof and it's kind of a funny way to vary in these issues so you the public's attention but the say was that blacklist said as i understand why. well the main thing the side is trying to do is get people talking about banking and get people understanding that they can

run banks better than the bankers can and so all this fakery and stuff is basically just a trick to get the site into the news and get people using it to trade ideas about how banking should be. when we launched it yesterday. bank of america. it seems complained to google that it was a phishing site. phishing meaning that it was trying to get credit card information from customers and so on and so forth it's really obvious it's not about that there's nothing it's nothing like a fishing expedition. but google reacted to bank of america's complaint and listed it as a phishing site meaning that anybody who went to the site would get this big warning on their screen stop this is a dangerous site don't go here and google was even blocking g.-mail users from

sending e-mail about the site to each other. that's right i know that we even had some trouble downloading it today to get the graphics for for this part of the show are they planning on taking it down so that people can access it easily now. yes down. hundreds of people complained about it we actually sent out an email to our list saying please tell google that this is not a phishing site and people did and google corrected it so now you can actually access the site without any trouble they obviously got you got bank of america it's now jenny that google is it and said what kind of feedback are you getting from this site. well a lot of very great stuff is going up if you visit your b. of a dot com you'll see that there's a bunch of ideas a bunch of really funny ads the odds are supposed to be for this future bank that

whatever the bank will look like in the future you're advertising your bank this is what my bank will look like. and you know suppose the pretense of the site is that bank of america is asking for your help to advertise what they should be. and a lot of those ads are really really funny and a lot of the ideas are fantastic too there's you know you scroll through a few of the ideas and you realize oh yeah these are some really commonsense basic no brainers we can we can run banks we just have to have the guts to do it now when are you making any money off of this is wells fargo or anybody else trying to push you to do this or is there any of financial motivation behind this on your part i know we should make a joke here about how much each of the other banks are giving us but no no no there's no financial motivation doing this there's a straight up answer there and tell me a little bit about your organization has doing some reading and some people are

wondering who is behind this spoof website there was some speculation occupy wall street was nine day i saw yes and was a part possible culprit tell me a little bit about the gas and i know that you aim to kind of bring these political messages out there tell me a little bit more about about this organization. but we've actually worked quite a bit quite closely on the site with others especially with people from occupy wall street there's an alternative banking working group that are all about thinking of ways that we can do banking differently that we can run banks differently and we worked with them on the site as well as with some folks with occupy who have made the site break up of a dot com very good site. and we've also worked with the rain forest action network a new bottom line on the site as well so it's a big coalition and we're just the ones who facilitated it and. helped to

make it all happen the mechanics of it but it's really a big group of people that need this site happen and what we've been doing we've been doing bakery of different sorts for about thirteen years now basically giving journalists excuses to cover topics. the think are important. and maybe they don't have enough of a hook to. really these important issues until we make a funny joke it gives them that excuse well this certainly is a good way to get your word out so you've taken on bank of america who have taken our next well i can't really tell you or them. but you'll see you'll see very shortly in about a month one month that's how long we'll have to wait to see who the next target is

he gets mad and we thank you for coming on the show that was active best for the yes ma'am. well look out like hound as i'm next on our tail let's check in with lauren lister to see what's on the agenda lauren i their lives we have new numbers that show that banks in europe are running out of that easy money that they borrowed from the e.c.b. the central banks spain is one where banks are running out of money to buy spanish government debt to both shore of their own balance sheets and prop up a sovereign country that's really having trouble in the in the in terms of the eurozone debt crisis so we're going to look at what this means in terms of solutions list because all of the solutions all require constant involvement from the central planners constant involvement from policymakers and really make the free market you know they can cast that go by and it's continuing and we asked where it's all heading right that is all coming up next on the capital account before and let's start with that's going to do it for the news from one of the stories we covered you can head on over to youtube dot com slash r t america over

a crack here and a half hour. wealthy british style. is not on the title. market why not. find out what's really happening to the global economy with mike's cars are there are no holds barred look at the global financial headlines tune in to cause a report. you know sometimes you see a story and it seems so you think you understand it and then even something else you hear see some other part of it and realize everything you thought you knew you don't know i'm sorry welcome to the big picture.

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