trader. 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 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 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 bail out your united states china because this three trillion

dollars and when it has that power or that ability it can always exercise power well could it 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 it's you know the u.s. wants china to be on its side 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 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. 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 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 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 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. you know 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 and that's exactly what the flip side of having multiple you know sources of power is that you can also get paralysis in decision making so whether cool.

permission is easier with you no one was brought to your kid or would like to you know 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 iraqi troops absolutely i get that that's a very good point that nobody was there to stop it exactly so i think the point it's a very good point that you make is that if you have you know a one one zero or 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 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 their dead and all die 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. 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 trios after the crisis the dollar has not weakened it has become stronger. so 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 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 waltz 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 kind of displace the dollar because people will have more confidence in the chinese currency and 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 that 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 yet here you have this message that quite. countries and you

have the countries asking the 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 sort of shift the centers of power 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. i. don't have power creditors call the shots at that stage with no 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 for 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. teach me. this is why you should care only. war going away. many people thought that nuclear weapons disappeared. the risk is not zero that

something might be going off by mistake especially a lot of weapons on hair trigger alert. focus of the victims to use it as a threat. but you know if you keep spending a trillion dollars a year on weapons of actually you're going to blow everybody you know people are dying from these weapons but until we actually see it people don't wake up to. that represents all of the firepower of the second world war this second sound is the equivalent firepower of the world's nuclear arsenal today.

more news today. flared up. these are the images the world has been seeing from the streets of canada. giant corporations are today. download the official anti application to i phone oh i pod touch from the i.q. stops to. watch on t.v. a life on the go. video on demand all teens mind old comes and says feed now in the palm of your.

question on the dot com. for.

america closes the nets around tuning the songs for the f.b.i. now seeing his contacts and apparent attempts to gather dirt on the world's most famous was. eastern union looking for some of china's economic functioning cookies bosco and beijing continue to read from the same page when it comes to world politics. and egypt's muslim brotherhood sides with bruce for the million man protest for informal ballots execution and six weeks of the presidential election grind will be full and even planets. time now for a sports update with reebok. thanks carrie hello and welcome this is for an artsy with me ramon calls for evan

plenty of news up ahead of the next ten minutes or so but first to the headlines. still standing russia's sole representative in the french open maria sharapova books her place in the quarter finals with a three set win over czech klara the cabal of up. against experienced white knights showdown returns to moscow with a russia usa clash scheduled for thursday with both warriors getting confidence of their victory. and center left off 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 in her last sixteen tie unseeded czech cloris a ball of of becoming the first player to take a set off sharapova the thirty year old won the second on the side but the siberian lated rallied so with in over three hours six four six seven six two still he is

quiet and that he is up next. is a good chance for me you know i had chances to finish it in two sets and i didn't. but i came out strong third sad and i guess that's you know really what matters is nice to be in the quarters again. elsewhere not least sides of the fence came to an abrupt and as they chinese star went crashing out to unseat it cuts off your established head about three six six two six love the seventh seed joins the likes of serena williams and victoria azarenka on the sidelines. meanwhile wimbledon champion patrick beat about brings the past varvara left chunk of the united states . the chicken never faced a breakpoint and needed and hour flat to secure a six two six one victory. over the men's side holds a rafael nadal stayed on course for a record seventh so it's all second seed spaniard real talk seventeen straight

games to crash one monopole sixty six club six love what was full of respect for the argentinian. i think he's playing but a little burst there is a few syria but probably not. today. especially last and i said when. he started to me is you know i saw him a little bit. suffering a good little bit on court but then so is one of my best friends i feel very sorry for him but in the same time you know he's playing great he's having different r.c. results world number four andy murray had a much harder time against local favorite rashard get skate the burton was seemingly struggling with his hip in the opening set to lose it six one but that's all so what it was six six six one six two and the only concession for his rather slam title. standing in the way next to spaniard daveed ferrer the number six seed progress at the expense of competitor it marcel granollers and has yet to drop

a set for winning this one six three six two six love so it's raising himself for an encounter. we can see among. shoes on and you know trying to. get on very well with them and. know each other very well. in the world don't you sort of. also through its freshman joe wolf the number five seed outstaying stun is last switzerland's and it's five setter six four seven six three six three six six four the final score waiting in the quarter finals is world number one jock itch. former u.s. open champion juan martin del potro is also through he checked so much burdick 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. in football or russia have held their first training session after arriving in poland for the fast approaching european championships coach of a cot put his men through their paces just outside warsaw with defender alexander on you call and midfielder murat is mile of training with the group again russia kick start their euro campaign against the czech republic on friday and have emerged as the in-form side after a stunning it's a three nail in a friendly last week zinni midfielder room on shirokov back to late grace and that morale boosting victory. also testing the ground early word the german national team as a crowd of ten thousand fans turned up to watch you all to new lows men workouts in polish born miroslav klose and look at those he received arguably the warmest welcome while recent injury worry bussy on 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 then markets not very confident play. the best member and then we have to struggle against portugal. that's malts of basketball and the n.b.a. were oklahoma the lead in the western conference finals series following a one zero eight one zero three win over san antonio but the thunder became the first of its insides to clench and await victory and instrumental for the visiting side work kevin durant's with twenty seven points russell westbrook with twenty three and james harden with twenty the spurs he added a whopping thirty four points however that was still not enough as a home and take a three two series lead they had a game six which takes place on wednesday on their home court. we just play harder

play more together. twenty two says you know it was great i control the whole game both as a fool. you know we kind of follow his lead you know which is plan together man a plan you know once you leave everything on the floor you know you're so if. you just gotta keep going. and that brings us to martial arts where the fight night showdown returns to the russian capital for the seventh time this thursday top of the bill will see one of russia's best heavyweight prospects beats ali medical facing american sanchez that's what a nine year old is the vastly more experienced of the two competitors he's won thirteen of his nineteen fights and has competed on the world's biggest stage m.m.a. promotion such as good and belts or his russian opponent however is the three time world sambo champion whose strength is obvious with four if you seven professional

wins by weight all submission. which is here is my message to eddie do not relax stay focused have a look to all four in the ring i'm looking forward to the spite and i would like to wish eddie the best of luck but it's a safe bet i will produce many surprises for him as we pour stuff would be to stand in the straight you he says he's ready for anywhere so we'll see i love surprises like you say so hope to surprise there is a status field so we'll see we'll see what happens i think that's a lot of talk once a fire comes. to try to throw over. the longer than picks are just around the corner and one of russia's youngest stars in the weightlifting tatiana share enough aims to clinch the country's maiden gold and our correspondent confident the top 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 hellsing days are over not only because this sport is no longer so popular but also because of the many myths prejudices and negative publicity surrounding weightlifting range you're 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 son 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 actually i'm like a shooting 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 to more than twice her own body weight get involved 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

this quite by accident but i have never had credit girls will be girls even if our sport is weightlifting was i think that way glitter said strong characters that's what can scare me and that women have a much stronger personality. it wasn't hard to discover had 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 had of young weightlifter this 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 cashier in the is just twenty one years old and it seems there live from the moscow region has plenty of time to claim the world's strongest woman title i give lots of respect to all my. poignance 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 is the results have become much heavy over the last two years and she holds the world record over 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 in may the medal constantine brought up a party. i'll be back with another updates in less than a couple of hours from now but our you tube channel is available at any time just look for artsy sports news and i'll see as. well for the. science technology innovation all the latest developments from

around russia we've got the future covered. wealthy british style. expert on the. market why not. come to. find out what's really happening to the global economy with my next concert for a no holds barred look at the global financial headlines tune in to kaiser report on our.

america closes the net around. to the f.b.i. now his contacts in an apparent attempt to gather dirt on the world's most famous whistleblower. the student union. looking for some of china's economic fortune cookies. beijing continue to beat on the same page when it comes to world politics. and egypt's muslim brotherhood sides with moves for a million man protest. execution and can you also sweep aside the presidential election rival before anyone even votes. international news and comment twenty four hours a day this is r.t.m. kerry johnston well the latest installment of show is premiering today here in l a

t with the f.b.i. now apparently among the ranks of loyal viewers the agency is said to have been given the green light to launch a surveillance mission on a prominent whistleblower 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 f.b.i. informant what is going to church account has more on the story now. 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 the sounds show here on our t.v. or else how would several of the shows and gives you interrogated by u.s. officials about the week it leaks founder this week's episode features one of them that's jeremy zimmerman an internet freedom advocate who's based in friends at the airport traveling from the united states to friends he will stop by self identified f.b.i. agents and questioned about.