three 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 the tax 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 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 bailout your 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 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 it on 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 the great example you know if china were on the side of the u.s. . things would be so much easier 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. 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 good things that one of the reasons not to get for 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 broccoli 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 conduct. you know what you could do two thousand of a very unilateral world i just that one good guy can actually turn into a bad guy at some point that's a risk and that's exactly but the flip side to having multiple you know sources of power is that you can also get paralysis in decision making so whether cooperation is. easier with you no one was brought to you or would want to put

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 iraqi troops 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 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 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 the economy back. when it went into you know the kind of creates 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 all of their dead and all but don't you see a hint of 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. 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 to three years after the crisis the dollar has not weakened it has become stronger. you print a lot of money if you really want to make your currency cheap uncompetitive 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 dollars and the dollar become strong so the effect of all the sprinting money has not been to make the currency cheaper you know with the china's policies has made the chinese currency cheaper what you've been talking about is basically the world's 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 dries of china and the fact that the chinese economy is becoming so strong it's a credit to big trader 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 that in the american goods that's going to be a gradual process and you know but at some point it could start to happen gravity 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 mess if that crisis in years 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 border was. at that stage with europe starts weakening and needs money from the outside and if china and russia have the money to provide it. for changing the system they will have more power. we don't give you the money so when you become weak you know it's . that power shifts away from. the european crisis is actually

galvanizing changes in the international institutions thank you. many people thought that nuclear weapons disappeared. something might be going off by mistake especially with. weapons on hair trigger alert. for civil liberties to use it as a threat. but you know if you keep spinning 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 if people don't wake up. that represents all the

firepower of the second world war this second sound is the equivalent. of the world's nuclear arsenal today. to get the maximum impact. the material is. journalism owners really worry. if we want to present. something else. 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 realize everything you thought

you don't know i'm tom harpur welcome to the big fish. cave the. elite. teams. download the official ulti of location joe i phone or i pod touch from the still. one job life on the go. video on demand all

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america closes the net around you in the sun for the f.b.i. no harnessing his contacts and apparent attempt to gather on the most famous. eastern union if that's even a true tune is looking for some of china's economic fortune cookies. beijing you need to read from the same page when it comes to we'll put it takes. and egypt's muslim brotherhood signs with use for but in protest calling for execution you can use will also speak to some of the presidential election right. brings us the latest polls. thanks gary hello and welcome this is sport in our seat with me or i'm on call for

a plenty out 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 checked. against experience quiet night shows and returns to go with a rush a usa clash scheduled for thursday with both feeling confident of their victory. and thrushes young weightlifting store is hoping to clinch the country's first ever olympic gold at the london games. that stuart on the clay course of the french open where the last russian standing maria sharapova has booked her place in the quarterfinals all vote she was pushed all the way in her last sixteen tie on seeded czech klara as a pall of it becoming the first player to take a set off the thirty year old one the second on it that the siberian mates have

rallied to win in over three hours six four six seven six two as to when he is. 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 son and 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 crushing out still on seeded kazakhstan or slava shred of all three six six two six love the seven seed joins the likes of serina williams and the story on the sidelines. meanwhile where more than champion truck did develop a recent past varvara left chant goal of the united states as the czech it never fails to break points and needed and our flat to secure 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. and i think he's playing broadly the best days of the syria but. not today. especially last last. you know i saw him a little bit. suffering to become. one of my best friends are. very sorry for him but in the same time you know he's playing great he's having different result. world number four ends of murray had a much harder time against a local favored rashard cascade that britain was seemingly struggling with his hit in the opening set to lose it six one but battled back to when it one six six four six one six two and remains in contention for he's amazing 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 against among. in matches on and you know trying to. get on very well with them and. know each other very well he's. in the world on a new surface which meant so much. also through is freshman joel wilfred song god the number five seed out saying stunning loss why bring switzerland in a tight five setters six four seven six three six three six six for the final score in the quarterfinals is world number one number of each. 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 rochelle that are. in 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 would defend their alexander on a call and midfielder is mile of training with a 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 feel their 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 polish born miroslav klose and lucas podolski received arguably the warmest welcome

while a recent injury worry bastiaan schweinsteiger also to port germany face portugal in vero opener and 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 also amongst the favorites denmark it's not very comfortable play but. the best memory and then we have to struggle against portugal. moments of basketball and the n.b.a. now were 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 twenty eight spurs mano janabi added i was walking thirty four points however that was still not enough as i will hold off now

take it three two series lead 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 knights showdown returns to the russian capital for that time on thursday the top of the bill will see one of russia's best heavyweight prospects and i call facing american as twenty nine year old is the vastly more experienced of the competitors he's born thirteen of his nineteen fights 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 that three time world sambo champion whose strength is obvious with four of his seven professional wins it by the way all the knockout submission. here is my message to eddie do not relax stay focused have a look too of when the ring i'm looking forward to despite you know would like to wish eddie the best of luck but it's

a safe bet i will produce many surprises for his week or stuff would be to stand the 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 on. to throw. longer than picks are just around the corner and one of russia's youngest stars in weightlifting psionic a shearing aims to clinch the country's maiden gold and our correspondent constantine oneself 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 halcyon 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 range good 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 a 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 the sport 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 here which is the old school that into this quite by accident but i have never had read it girls will be girls even if my sport is weightlifting was i think that regulators have strong characters that's what can scare me and a man that women have a much stronger personality or

a balloon that 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 whites 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 four time european champion and twenty ten world champion cashiering there 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 up and. there are always many good competitors you know and i don't compete with them i don't really care who they are my main rival is a barbell in my anus to beat it because shoeing as a result has become much heavier over the last two years and she holds the world record over one hundred forty fuel rooms in the snatch however due to the strength

of the chinese and salt korean rivals even this weight might not be enough for the gold in london build the russian will be going all out to claim a personal best and a major medal from something but top of our team. i'll be back with another update some of this then so hours from now but our you tube channel is available at any time just look for our team sport news and also use and. well for the. science technology innovation all the developments around russia we've got the future covered.

america closes the net around june in a song for the f.b.i. now harassing his contacts in an apparent attempt to gather dirt on the world's most famous whistle. eastern union but the mayor putin is looking for some of china's economic fortune cookies of 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 million man protest corn for mubarak's execution hoping it will also sweep aside their presidential election rival before anyone even votes. plus ross from bourses post solid gains as optimism returns to enter national markets although these sales investors are about twenty minutes.

gosselaar from moscow this is r.t. . the latest installment over to the suns issue is premiering today here on r.t. with the f.b.i. now apparently among the ranks of the movie was the agency is said to have been given the green light to launch a surveillance mission on the prominent whistleblower and everyone in contact with him a number of his guests have been stopped and interrogated by agents with one even offered the chance to turn the f.b.i. informant what is going to chicken has more on the story u.s. officials say there is no indictment against julian assange but apparently the u.s. is going after him after all in their quest for evidence they might he watching us on this show here on our t.v. or else how would several of the shows and guests end up interrogated by u.s. officials about the week the leaks founder this week's episode features one of them that's jeremy zimmerman.