you're watching r t the headlines for you america tightens its noose around you in a song for the f.b.i. now cursing his contacts and parents attempts to gather dirt on the world's most famous whistleblower. beeston union putin is in china to pick up economic tips from moscow and beijing continue to read from the same page when it comes to world politics. and egypt's muslim brotherhood sides with moves from a million man protest calling for mubarak's execution. also sweep aside the presidential

election rival before anyone even votes. coming up next r.t. talks of in subramaniam is a senior fellow at the center for global development he gives his predictions on who be holding the reins of power in the not too distant future. i'm sitting down with arvind subramanian leading economist fellow at the peterson institute for international economics and the center for global development his book is called eclipse living in the shadow of china's economic dominance and here you say president obama bowing to the chinese leader. is a really dominating i mean many in the u.s. would say that the u.s. is still the richest country in all that is the most powerful economy at the moment china's g.d.p. for example is smaller than that of the united states that's true. but if you

measure it in terms of purchasing power it's as big as the united states one second china is already the world's largest trade. treaty china is a big net creditor to the work it finances the u.s. and the u.s. is a debtor so it's this combination of the size of the economy the fact the big trader and the fact that it's a creditor confers on it a lot of power today and over the next ten fifteen years all these numbers are going to go in china's favor so they're china is going to become an even bigger economy than the u.s. and even bigger treated in the u.s. and continue to be you know financing the u.s. so that combination is what is making china very dominant let me give you one example one example so take the fact that china you know finances the u.s. right now or to so much cash three point three trillion dollars worth of cash if

europe gets into trouble well you know it which would happen which country in the world has the ability to be allowed to your the united states china because this three trillion dollars and when it has the power or that ability it can always exercise power. what could be political ramifications that as far as crucial foreign policy issues for example over syria will the u.s. pay more attention to what china thinks about certain issues well if you take you down for example i think it's you know the u.s. wants china to be on its site and you know if china were to sit take north korea for example you know it's a great example you know if china were on the side of the u.s. . things would be so much easier but but the fact that china has no independent view on north korea makes chinese american dealings with north korea that much more difficult in fact in my book i begin my book with a kind of fantasy scenario where i say that you know ten years from now if the

united states gets into so much economic trouble right that it will have to borrow money and if china has the money to provide the u.s. china might say well we don't like your military presence in the pacific you're naval presence and you have to you know get rid of that sort economic power can always be leveraged for political and foreign policy objectives. one of the reasons not to get all four kind of anxious about this is that it is a mutually dependent relationship you know so one country doesn't want to inflict too much damage on the other because it backfires on yourself but that being said there are areas where you know some countries you know china has more power and it could use that too and i mean like for example as i said you're on north korea or iran or you know the fact it's just so much financial power and economic power can always be used for political ends but isn't that a good thing in

a sense that there it restores some kind of balance when there is not just one kid on the block ruling everything but there is a kid consulting with everyone else because it is dependent on another and that's a good point. but you know they can be two views on this right one view was that after world war two the u.s. was able to determine how the global economic system would function right and broadly it had a liberal view you know there should be more free flow of goods and services and so on which everyone benefited from and the country that benefited most from that was china you know the fact that markets were open so some would say that if you have one big good guy maybe it's better than having multiple guys who kind of kind of relating to you what you could do two thousand of a very unilateral world i guess that one good guy can actually turn into a bad guy at some point that's

a risk that's exactly but but the flip side of having multiple you know sources of power is that you can also get paralysis in decision making so whether cooperation is easier with you know one hedge of more was broadly ok or with multiple. sources of power multiple veto points making cooperation more difficult more easy is an open question you can argue it both ways but i would argue for multiple powers because when we're talking about a unilateral approach we have an example of that iraq. absolutely that's a very good point that nobody was there to stop it exactly so i think the point you know it's a very good point that you make is that you know if you have you know a one one hour you know even if they can sometimes you know do things unilaterally which are bad objectives because they want to check that the u.s. is the world's biggest debtor and it seems the main way they address the gigantic

that problem is the money printing machine. has money printing become america's main business. well i think yes and no i think it's on the one hand. you know to have printed a lot of money in the last let's say three four years you know but i think they would argue with some i think fairness that that's what you needed to get this economy back. when it went into you know the kind of great recession after the crisis you wrote a lot about china keeping their currency deliberately undervalued to preserve their competitive advantage the u.s. is terribly unhappy about that yeah but the u.s. on the other hand is also playing with their currency constantly printing money that they don't have to pay out their dead and all died don't you see the hypocrisy

when when the u.s. is bashing china over their currency policy but at the same time playing with their own currency in a way that is not necessarily fair well i would say that you know i think there is a pattern a little but i think the past is over done the funny thing is the following that even though the u.s. has been printing a lot of money in the last two trios off the crisis the dollar has been weakened it has become stronger so you print a lot of money if you really want to make your currency cheap and competitive you know you were pretty a lot of money but because the rest of the world still has so much confidence in the dollar when there's a crisis the all come to dollars and the dollar becomes strong so the effect of all this printing money has not been to make the currency cheaper you know we have to china's policies has made the chinese currency cheaper what you've been talking about is basically the wall confidence in u.s.

dollar and dollar dominance allows the u.s. to live beyond its means essentially to some extent yet so how long can it last well the thing is that it cannot last indefinitely because. in my book. i argue that because of this devise of china and the fact that the chinese economy is becoming so strong it's a credit to big trade or gradually over time the chinese currency would start to become like you know trying to displace the dollar because people will have more confidence in the chinese currency than in the american currency that's going to be a gradual process and you know but at some point it could start to happen rapidly and at that point you know the u.s. no longer has the ability to live beyond its means like you said because the dollar's dominant but but that's going to happen over the next ten fifteen years

the i.m.f.'s traditionally been dominated by europe and the united states it was set up that way and he here you have this massive debt crisis in years on countries and you have the euro zone countries asking nine years on countries to contribute more resources to the i.m.f. to help them out do you think this current crisis could change the way the i.m.f. works to sort of shift the centers of power but it's a very good question i think to some extent it's happening already it's happening already because you know the formal voting is still very much biased as you said in favor of europe and united states but the more the more europe gets into trouble the more it will need money from the outside you know. frankly there's no border was. don't have power creditors call the shots and at that stage we know europe starts weakening and it needs money from the outside and if china and russia and brazil have the money to provide it they will ask for you know changing the system

they will have more power will say well if you don't do these things we don't give you the money so when you become weak you know it's inevitable that power shifts away from you and that's what the european crisis is actually galvanise. changes in the international institutions thank you. wealthy british scientists are. spot on the title. market why not come to. find out what's really happening to the global economy

with mike stronger for a no holds barred look at the global financial headlines tune into kaiser report. with the end of the war and going the way of the soviet union many people thought that nuclear weapons disappeared from the risk is not zero that something might be going off by mistake especially of nuclear weapons on hair trigger alert. but most of the victims to use it as a threat all as an extra bit but you know if you keep spending a trillion dollars a year on weapons of eventually you're going to blow everybody up you you know people are dying from these weapons but until we actually see it people don't wake up to get nuclear weapons or a bill. that represents all of the firepower of the second world war and this second sound is the equivalent firepower of the world's nuclear arsenal

today. there hasn't been anything yet on t.v. . it is to get the maximum political impact. the full source material is what helps keep journalism honest we. we want to present. something else. to. olympic gold gold. gold.

her mother. could speak. to. her. wish. close all of the bomb explode good luck. just see the money and. come out of my mind i'm a little.

closer. and. erica type is the noose around june in the sun with the f.b.i. now i'm seeing his income tax an apparent attempt to gather dirt on the wells most famous was. used in the union but in a putin is in china to pick up economic tips moscow and beijing continue to be from the same page when it comes to politics. and egypt's muslim brotherhood sides with news from the million man protest planned for mubarak's execution so sweet the son and stench of election cycle before anyone even burns. now it's time to get the latest sports nice with iran.

hello and welcome this is sport an artsy with me ron calls for a plenty of it heads over the next ten minutes or so but first the headlines. still standing russia's sole representative in the french open maria sharapova books her place in the quarterfinals put it resect win over czech klara suck a ball about. youth against experience fight night showdown returns to moscow with a rush a usa clash scheduled for thursday with both warriors getting confident of their victory. and lifts all russia's young weightlifting stories hoping to clinch the country's first ever olympic gold at the london games. but start on the clay courts of the french open where the last russian standing maria sharapova has booked her place in the quarterfinals although she was pushed all the way to her last sixteen

cy unseeded chick a ball about becoming the first player to take a set off sharapova the thirty year old won the second only to try break but this siberian native rallied to win over three hours six four six seven six two so when he is kayaking and he is up next. it was a good chance for me you know i had a chance to question and to certain i didn't. but i came out strong third certain i guess that's you know really what matters and nice to be in the quarters again. elsewhere not least sides of the fence came to an abrupt end as the chinese star when he crashed out so i don't see that you're a slob a shed about three six six two six love the seven c. joy is the likes of serena williams and the story as the on the sidelines. meanwhile wimbledon champion patrick bit of a breeze past varvara left chunk of the united states as the czech never faced a breakpoint and needed an hour flood to secure

a six two six one victory. and over on the men's side holder rafael nadal stayed on course for a record seven so it's all the second thing the spaniard reels off seventeen straight games to crash one monaco six to six lovesick slow but was full of respect for the arjun sign. i think he's playing probably the best days of syria but probably not. specially last time i said when. he started to me is you know i saw him a little bit. suffering google bit on court so he's one of my best friends and feel very sorry for him but in the same time you know he's playing great he's having a fantasy result. while world number four added murray had a much harder time against local favorite rashard gas came the brits and was seemingly struggling with his hit in the opening set to lose it six one but that's

all back so what one six six four six one six two remains in contention for you mading grand slam title. standing in the way next is spaniard ferrero the number six seed progress that expanse of compassion marcel granollers and has yet to drop a set after winning this one six three six two six loves is bracing herself for itself and counter. tough against among. in matches on and you know quite a lot going on very well with them and. know each other very well he's. close in the world on a new surface so much. also through is freshman joe wilfred sun-god the number five seed outstaying stuck his last of all rank of switzerland and its side five setter six four seven six three six three six six for the final score waiting in the quarterfinals is world number one novak djokovic. former u.s.

open champion who won martin del potro is also through he'd be checked so much burdick in the battle of the big servers he came through in four sets seven six one six six three seven five the argentinian now means a russia better. now in football or russia have held their first training session after arriving in poland for the fast approaching european championships coach dick advocaat put his men through their paces just outside warsaw with defender at xander and he called and we feel there is mile of training with a group again russia kick start their euro campaign against the czech republic on friday and have emerged as they inform side after his stunning it's a three nil in a friendly last week that he made fielder ramon sure also bagged the late race and that morale boosting victory. also says thing the ground early were the german national team as a crowd of ten thousand fans turned out to watch those men work out in dunn's

polish border clothes and look for those who receive arguably the warmest welcome while a recent injury warry bus young schweinsteiger also support germany face portugal in their opener on saturday and say they will have to work hard if they are to qualify from their group b. . it's a very tough group. strong teams like the netherlands and portugal we're also among the favorites and denmark it's not very constitutive play but. the best memory and we have to start going against portugal. let's move on to basketball and the n.b.a. now where oklahoma took the lead in the western conference finals series following a one zero eight one zero three win over sat and so many of the thunder became the first of the two sides to clinch and away victory and instrumental for the visiting side were kevin durant's with twenty seven points for russell westbrook with twenty

three and james harden with twenty the spurs manu geno but he added a whopping thirty four points however that was still not enough as oklahoma now take a three two series lead ahead of game six which takes place on wednesday on their home court. and that brings us to martial arts where the fight knights showdown returns to the russian capital for the seventh time on thursday the top of the bill will see one of russia's best heavyweight prospects cough facing american eddie sanchez that's what a nine year old is vastly more experienced of the two competitors he's won thirteen of his nineteen fights and has competed on the world's biggest stage at m.m.a. promotion such as you exceed the end belts or his russian opponent however is the three time world sambo champion whose strength is obvious with four of his seven professional wins by way of some mission. because here is my message to eddie

do not relax stay focused i have a lot to offer in the ring i'm looking forward to this fight and i would like to wish andy the best of luck but it's a safe bet i will produce many surprises for him as we poured stuff would be the stanley was striking he says he's ready for anywhere so we'll see i love surprises . so i hope to surprise or stand on his feet so we'll see we'll see what happens i think that's a lot of talk once a fire comes on. trying to throw a group but will certainly be looking forward so that meanwhile the london olympics are just around the corner and one of russia's youngest stars in weightlifting. aims to clinch the country's made in gold and our correspondent constantine with one of the strongest women in the world let's take a look. weightlifting used to be very popular in the soviet union and the names of olympic and world champions while well known around the country those helston days

are over not only because the sport is no longer so popular but also because of the many myths prejudices and negative publicity surrounding weightlifting. go with now television broadcasts weightlifting only rarely people don't know about the sport and believe false stories because once a mother brought her some to me and said she wanted him to start weightlifting so he wouldn't grow very tall it doesn't work like that luckily one of russia's brightest stars in women's weightlifting that yanick assuring or didn't listen to all the stories and put the burden of proof storing the country to its place among the sports heavyweights on her own shoulders it's hard to imagine that the woman who can leave more than twice her own body weight get in walled in this board by accident as she once knocked on the wrong door in the gym and instead of going to a dance class she went into the weightlifting room door to illustrate that into the sport by accident but i have never regretted it girls will be girls even if our

sport is weightlifting with i think that weight lifters have strong characters that's what can scare me and the women have a much stronger personality rable who didn't know it wasn't hard to discover had talent when she first arrived in the gym you could clearly see had potential at the age of twelve she could lift the weights of amateur athlete i've never heard of young weight lifters who could do that anywhere in the world russia has never won the olympic gold in women's weightlifting since this board was introduced in two thousand while four time european champion and to win it and world champion cashier in the is just twenty one years old and it seems the athlete from the moscow region has plenty of time to claim the world's strongest woman title i give lots of respect to all my. opponents there are always many good competitors you know but i don't compete with them i don't really care who they are my main rival is a barbell in my aim is to beat it because shearing as

a result has become much heavier over the last two years and she holds the world record of one hundred forty rooms in the snatch however due to the strength of the chinese and south korean rivals even this weight might not be enough for the gold in london though the russian will be going all out to claim a personal best and made the medal come something brought up of our team. i'll be back with another update on less than a couple of hours from now but our you tube channel is available at any time just look for r.t. sport news. welcome to. science technology innovation all the latest developments from around russia we've got the future covered.

with the end of the boer war and the going away of the soviet union many people

thought that nuclear weapons disappeared. the risk is not zero that something might be going off by mistake special it sounds a nuclear weapons on hair trigger alert. others of a difference to use it as a threat all as an actual event but you know if you keep spending a trillion dollars a year on weapons of venture you're going to blow everybody up you you know people are dying from these weapons but until we actually see it people don't make up most of the weapons or a bill. that represents all the firepower of the second world war and this second sound is the equivalent firepower of the world's nuclear arsenal today.