tv [untitled] June 5, 2012 2:30am-3:00am EDT
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you're watching r t the headlines america closes the net around the sun for the f.b.i. in his contacts and apparent attempt to gather dirt on the world's most famous. eastern. looking for some of china's economic fortune cookies while moscow and beijing continue to read from the same page when it comes to world politics. egypt's muslim brotherhood sides with moves from the million man protest barracks execution hopefully it will also sweep aside the presidential election before anyone even votes. coming up next start he talks to of in superman he's
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a senior fellow at the center for global development he gives his prediction on who will be holding the reins of power in the not too distant future. i'm sitting down with our. 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 see president obama going to the chinese leader. it's a really dominating i mean many in the u.s. would say that the u.s. is still the richest country in the wall 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
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china is already the world's largest trade. tree china is a big net creditor to the world 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 that's today and over the next ten fifteen years all these numbers are going to go in china's favor so the china's 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 swan 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 oh no it which would happen which country in the world has
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the ability to bail out your the united states china because this three trillion dollars and when it has that power or that ability it can always exercise power what could be political ramifications for 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 that 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 an 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
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united states gets into so much economic trouble right that it will have to borrow money and if only china has the money. provide the u.s. china might say well we don't like your military presence in the pacific your naval presence and you have to you know get rid of them so economic power can always be leveraged for political and foreign policy objectives the good things that 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
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on the block ruling everything but there is they cared consulting with everyone else because it is dependent on another and that's a good point but but there are you know they can be two views on this right one view is 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 brioni to you know what you can 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
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power is that you can also get paralysis in decision making so whether cooperation is. easier with you know one was broadly ok or with multiple you know sources of power multiple veto points making cooperation more difficult 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 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 tings 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
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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 us on the other hand is also playing with their currency constantly printing money that they don't have to pay out their debt and all that but 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
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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 would print 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 oil 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 world's confidence in the u.s. dollar and dollar dominance allows the u.s.
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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 the rise 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 kind of displace the dollar because people will have more confidence in the chinese currency then in the american goods that's going to be a gradual process and you know but at some point it could start to happen gradually 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. has traditionally been dominated by europe and the united states it was set up that
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way and he here you have this message that quite senior is on countries and you have the years on 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
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will have more power we'll 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 galvanizing the changes in the international institutions thank you brooke i'm hot. 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 especially a lot of nuclear weapons on hair trigger alert. up most of the victims to use it as a threat all as an actual weapon you know if you keep spinning a trillion dollars a year on weapons of venture you're going to blow everybody up you you know people
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are dying from these weapons but until we actually see it people don't wake up to 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 good on t.v. . it is to get the maximum political impact. before the source material is what helps keep journalism honest we. all. we want to present. something else.
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you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realized everything you thought you knew you don't know i'm sorry welcome to the big picture. if. he is eve he. downloads the official ulti application to i phone oh i pod touch from the i choose
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america closes the net around judah sons with the f.b.i. now harvesting his contacts and the parents attempt to gather dust on the well as most famous. eastern union if that's even if it's in is looking for some of china's economic fortune cookies moscow and beijing you need to reach from the same page when it comes to we'll put it takes. and egypt's muslim brotherhood signs with news from the but in protest calling from execution you can use will also speak a sign that presidential election right will anyone who can vote. brings us the latest polls.
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thanks gary hello and welcome this is sport in our seat with me or i'm on call for of plenty of ahead 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 with a three set when all were czech klara as the kampala. youth against experience white knights shows and returns to moscow with a russia usa clash scheduled for thursday with both for years feeling 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. let's start on the clay courts of the french open the where the last russian standing maria sharapova has booked her place in the quarterfinals all vote she was pushed all the way to her last sixteen tie on seeded czech klara as
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a ball of it becoming the first player to take a set off sharapova the thirty year old won the second on it so i break the siberian mates of rally to win and over three hours six four six seven six two i still win he is going to be he's up next. it was a good chance for me you know i had a chance to finish it in two sets and i didn't. but i came out strong third set in i guess that's you know really what matters is nice to be in the quarters again. elsewhere gnarly so i told the fans came to an abrupt end as the chinese star went crashing out to unseeded cause i love a shred of all three six six two six love the seven seed joins the likes of serina voyeurs and big story. on the sidelines. meanwhile we're more than champions. past barbaro left chunk of the united states as the check in never fails to break points and he did and our flat to secure
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a six two six one victory. and over in the men's side to hold their rafael nadal stayed on course for a record seventh so it's all the second seed reels off seventeen straight games to crash who won monaco six two six love six lot but was full of respect for the argentinian i think he's playing probably the best there is a few syrian but probably not. specially last the last when. he started to me is you know i saw him a little bit. suffering google bit on. one of my best friends i feel very sorry for him in the same time you know he's playing different results. world number four ends in murray had a much harder time against local favorite rashard cascades of britain was seemingly struggling with his hip in the opening set to lose it six one but battled back to
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when it one six six four six one six two and remains in contention for he's made in grand slam title. standing in the way next to spaniards ferrera the number six seed progressed at the expense of compactor at marcel grand allers and has yet to drop a sets after winning this one six three six two six low so murray is bracing himself for itself and counter. both of those flintoff weakens the monkey. in matches on in print you know trying to. get on very well with them and. know each other very well. he's one of those players in the world and on the surface. also through is freshman joe wilfred song god the number five seed out saying stunning loss why bring switzerland at site five setter six four seven six three six three six six four the final score in the quarterfinals is world number one
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novak djokovic. former u.s. open champion who won martin del potro is also through he checked so much verdict in a battle of the big servers he came through in four sets seven six one six six three seven five the argentinian now meets a roget better. and football or russia have held their first training session after arriving in poland for the fast approaching european championships coach advocaat put his men through their paces just outside of warsaw with defender alexander on a call for and midfielder is mile of training with the group again russia kick start their euro come pain against the czech republic on friday and have emerged as the in-form side after his stunning it's in the mail in a friendly just last week as any feel there room on sheer rock of bags a late brace invent morale boosting victory. also testing the ground early word of the german national team as a crowd of ten thousand fans turned out to watch your team of those men work out in
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dunn's polish born miroslav klose and lukas podolski received arguably the warmest welcome while a recent injury worry bastiaan schweinsteiger also to 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 comfortable to play but. the best may win them we have to struggle against political moments of basketball and the n.b.a. now we're oklahoma took the lead in the western conference finals series following a one zero eight one zero three win over san antonio the thunder became the first of the two sides to clinch and away victory and instead instrumental for the visiting side worth kevin durant's with twenty seven points or russell westbrook with twenty three and james harden with its one seat spurs manu ginn all but he
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added it was walking thirty four points however that was still not enough as i will hold off now it's a good three thousand series leave ahead of game six which will take place on wednesday on their home court. all right and that brings us to martial arts where the fight nights show is on returns to the russian capital for this time on thursday the top of the bill will see one of russia's best heavyweight prospects and i call facing american as a twenty nine year old is the vastly more experienced of the two competitors he's won thirteen of his nineteen finds and has competed on the world's biggest stage at m.m.a. promotion such as c. and 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 a way of a knock out submission. here is my message to eddie do not relax
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stay focused i have a lot to offer in the ring i'm looking forward to despite you know i would like to wish eddie the best of luck but it's a safe bet i will produce many surprises. as we pour stuff would be the stanley striking he says he's ready for anywhere so we'll see i love surprises. so i hope the surprise is the start of this feat so we'll see we'll see what happens i think that's a lot of talk what's a fire comes. to throw. picks are just around the corner and one of russia's youngest stars in a way letting psionic usher in a aims to clinch the country's maiden gold and our correspondent catherine butts out of caught up with one of the strongest women in the world. weightlifting used to be very popular in the soviet union and the names of olympic and world champions were well known around the country those helton days are over not only because the
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sport is no longer so popular but also because of the many myths prejudices and negative publicity surrounding weightlifting. you're going to 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 jameka shooting that didn't listen to all the stories and put the burden of restoring 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 involved in this board by accident as she once knocked on the wrong door in the g.m. and instead of going to a dance where she went into the weightlifting room which it is and we also get into this quite by accident but i have never regretted it girls will be girls even if
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our sport is weightlifting was i think that way glitter said strong characters that's what can scare me and i have that women have a much stronger personality pollutant it wasn't hard to discover her talent when she first arrived in the gym you could clearly see how potential at the age of twelve she could lift the weights of amateur athletes i've never heard of young weightlifters 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 for its own. rippin champion and twenty two world champion shearing or is just twenty one years old and it seems there live from the moscow region has plenty of time to play in the world's strongest woman titles i give lots of respect to all my opponents there are always many good competitors to go and i don't compete with them i don't really care who they are i mean rival is a barbell in my aim is to beat it because the results have become much heavier over
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the past two years and she holds the world record of one hundred forty grams 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 a maiden medal constantine brought up of our team. i'll be back with another update and less than two hours from now but our you tube channel is available at any time just look for our team sport news and i'll see you soon. well for science technology innovation all the moves developments from around russia we've got the future covered.
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