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 bailout you're not the united states china because this three trillion dollars and when it has that power or that ability it can always exercise power well 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 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 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 united states gets into so much economic trouble right that it will have to borrow money and if only 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 thing 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 is 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 to put guys who kind of kind of. you know what you can 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 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 no one was brought up or with one. well

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 you know if you have you know a one one zero or 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 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 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 you know i think there is a pattern a little but i think the past is over done the funny thing is. following that even

though the us has been printing a lot of money in the last two to three years after the crisis the dollar has 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 comes 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 cheap or what you've been talking about is basically the world's confidence in us 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 do rise of china and the fact that the chinese economy is becoming so strong it's a credit to be treated 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 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 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 he here you have this mess if that crisis in your own 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 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 there's no border was. our creditors call the shots at that stage with europe starts weakening and it needs money from the outside and if russia brazil have the money to provide it. for you know changing the system they will have more power if you don't do these things we don't give you the money so when you become weak you know it's inept that power shifts away from you and that's what the european crisis is actually galvanizing

the changes in the international institutions thank you.

wealthy british. markets. find out what's really happening to the global economy. for a no holds barred look at the global financial headlines kaiser reports. gold

. to clear. the street. with. a. good. place. to sleep. a little. fifth.

with the end of the 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. the pacific is producing. all of it but you know if you keep spending a trillion dollars a year on weapons eventually you're going to blow everybody up you you know people are dead. the world's nuclear arsenal to day.

visit to china. presidential election. let's talk sport now. take to the french open the details. coming up. and the

last four. plus injuries. a new call during a race to be fit for the start of the european championship and shouldering hope. of winning. three to the semifinals of the french open along with. me. past dominique is supportive of ascii a six four six one this afternoon and that sets up the last four showdown with iran and we've got past the germany also in straight sets the italian reaching a grand slam semi for the first time in her career now the first of the men's quarter finals are underway with world number one about djokovic and local favorite song was going head to head and this is the take in the first set there convincing two six one and djokovic just three to walk in the second while third seed federer

is trailing argentina's one martin del potro he has a breakdown on four three down in the first set meanwhile russian pair maria kirilenko and that eva traver are three to the semi's in the women's doubles the straight sets win for them against danny king and earlier on and coming up surely russian never seen our party and their pairs from india in the mixed doubles and they will play the top ranked. me in the in the quarter finals. the has been an injury scare for russia ahead of the european championships first choice keeper eagle back in fear has developed a knee problem and is training on his own at the moment. saying the t a scar stopper has fluid on his knee and he will be monitored before russia's opening game against the czech republic and ross love and poland on friday defender alexander a new coffee is also recovering from a knock better news though for midfielder matt it is my last he started trying me again with the squad and he believes that

a group which also contains greece and poland will be a challenge says russia's players also have additional motivation. all of our guys play for european clubs and so people all over the world think. therefore of course if anyone gives even a better performance here. they get a better chance to go to a good club everyone knows it's the best market place the roots. well one of the pretty torn the favorites of the netherlands they've held their training session at their base in the polish city of crack off and they've kept the bulk of the squad that reached the world cup final in twenty ten but while they believe that will put them in good stead they are also in the so-called group of death with germany portugal and denmark. i think we have got the toughest group of this year of obviously germany is one of the favorites to go as well and we are not to underestimate denmark too but we played well in the last two matches and there is

a lot of. it's a long way to go. ten thousand fans turned up to watch i can lives germany as men work in good hands can poland. close and lukas podolski received arguably the warmest welcome our recent injury worry past two swine also took part germany face portugal open on saturday and they will have to work hard if they are to qualify from green bay. it's a very tough group. strong teams like the netherlands and portugal we also amongst the favorites denmark it's not very comfortable to play but. the best we have to start well against portugal. another thought. of agree to sign japan midfielder shinji kagawa from german side dortmund for eighteen million dollars the twenty three year old scored thirteen goals in thirty one bundle of games for dortmund he won the league cup double last season he's currently with his national

squad ahead of a world cup qualifier with jordan and told reporters the deal with united is nearing completion. i just saw the reports myself when i would just like to say that i haven't signed anything as of yet but it is true that we are working on the terms of agreement we still have two more games ahead of us so my team mates are currently looking to concentrate on the upcoming qualifying games i will talk about it after the games so i'd appreciate your cooperation first as a member of the national team i would want to bring good results to the games on the twelfth so i ask for your help and support to let me concentrate on that. elsewhere twice former world player of the year dino has signed for a new side in his native brazil the thirty two year old joins athletico miro at least until the end of the year and we have comes less than a week after the forward left flamenco and city's former club over unpaid wages the former boss alone i am a land star claims he's out up to twenty million u.s.

dollars moving on to basketball in the n.b.a. have taken a three two lead in the western conference final series following one hundred eight hundred three win over san antonio the thunder becoming the first of the two sides to clinch an away victory and instrumental for the visiting side with kevin durant's twenty seven points russell westbrook twenty three and james harden with twenty the spurs manager nobody added a whopping thirty four points however that was not not enough as i now take a three team series lead ahead of game six which takes place on wednesday on their home court. to just play harder play more together. twenty two says you know it was great i could children and both there's a floor. you know and we try to follow his lead you know in which is plenty governmental plan or no one should leave everything on the floor you know yourself so you just go to keep going boxing great manny pacquiao has held his last training

session before defending his welterweight title against american timothy bradley in las vegas this weekend the pair go head to head at the m.g.m. grand on saturday night paki i was one fifty four with his fifty eight bytes bradley hasn't lost any of his twenty eight professional but elsewhere britain's has announced his next fight he will take on the w.b.c. super lightweight champion danny garcia from america and take place on july the fourteenth in las vegas but before then cohen has said he'll sit down to watch the upcoming iraqi i pad and predicts the filipino will stop his opponent. talking about it right it's going to be basically saying for the first. point is. that you know some good clean shows i get to. go looking strong in the gym looking you know it's hard so you've got to give broadly

a very tough test on a big very very hard be funny the london olympics are just around the corner i want to russia's youngest stars in white lifting tatiana. to clinch the country's maiden gold correspondent constantine for top off 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 sport is no longer so popular but also because of the many myths prejudices and negative publicity surrounding weightlifting range with now television broadcasts weightlifting only rarely people don't know about the sport and believe false stories because once a mother bought 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 join the gym and instead of going to a dance class she went into the weightlifting room there were to illustrate that into this quite by accident that i had never had read it girls will be girls even if my sport is weightlifting was more than that i think that regulators have 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 had talent when she first arrived in the gym you could clearly see have potential at the age of twelve she could lift the whites of amateur athletes i've never had 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 wild

for its own 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 play in the world strongest woman title i give lots of respect to all my up and. there are always many good competitors to go i don't compete with them as this is true i don't really care who they are i mean rivalry is a barbell in my aim is to beat it because shooting those results have become much heavy over the last two years and she holds the world record over one hundred forty eight you are missing the snitch however due to the strength of the chinese and salt korean rivals even this weight might not be for the gold in london though the russian will be going all out to claim a personal best and a major medal. my team. that is all we've got

time for for the moment. well. science technology innovation all the latest developments from around russia we've got the future covered. mission free credit cation free comes for charges free. range mentioned free. free studio time free.

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about the wiki leaks founder. continued to cement their strong ties. to china. some a number of international issues. and braces for a million strong protests calling from. the muslim brotherhoods accused of capitalizing on people's right to sweep aside the presidential election. moscow it's in and out see this with your top stories and with just a week left for julian assange his lawyers to. challenges extradition to sweden it

seems u.s. authorities already have the knives for the australian the wiki leaks founder program here to use apparently awaken the interest of the f.b.i. was one guest on the show even being stopped in the target by agents he's going to come as the latest 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 hear watching the sons of shows here on our t.v. or else how would several of the shows and guests end up interrogated about the weekly leaks founder in this week's episode features one of them that's jeremy's zimmermann 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 julian assange and the weekly leaks website says mr zimmerman was threatened with arrest and imprisonment when he asked about his rights this all happened after.