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tv   [untitled]    June 22, 2012 12:00am-12:30am EDT

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breaking the silence speaking out from his sanctuary in ecuador an embassy in london says this case has been stretched out so that the u.s. can fabricate it against him. fifteen of the world's top banks are left reeling after a ratings agency moody's slashes their credit scores. of phantom battleships and thousand strong military exercises to expose the latest moves in the mainstream media campaign targeting russia's alleged dealings with syria.
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well these are much more you're watching t.v. . the world's top whistleblower says he's optimistic about his political asylum bit this first public comment since walking into the ecuadorian embassy in london with a request for refuge genius son joseph said the u.s. was building a case against him he applied for diplomatic century as he faces extradition from britain to sweden which could eventually see him transferred across the atlantic. the kind of very serious. and. by discreet. discreet it government that i would be. charged in sweden immediately on
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exhibition they tried it for the fourteen days that i had to apply to the better at the european court of human rights. by fishbone still to come to the u.k. for the past eighteen months despite being absolutely normal procedure and the refusal to explain it in any manner whatsoever to the press corps has kept me tracked united while the united states has protégé to traffic and. loud journalists on his request for asylum the u.k. supreme court gave the go ahead for the extradition to sweden on to sex assault allegations he spent three nights ecuadorian embassy in london with british police on alert to arrest the whistleblower as a breaching his bail conditions so instead his prosecution is politically driven and lazy could face the death penalty in america and that publication of
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a huge chance of a diplomatic and military cables civilian barest washington. they now have a forty eight thousand one hundred thirty five page f.b.i. files and official statements made in court. bradley manning in the next day on monday. manages that we are among the subjects of the grand jury proceedings which are doubting going. out and subpoenas everywhere there are witnesses who will come out on public record about how getting back into the grand jury we have received. the news mention my name. read month two people have been detained at the u.s. airport by. u.s. officials and arrogated by the f.b.i. asked questions about me and my organization last becoming foremost. reports of russian battleships headed for syria massive joint military exercises and putin's
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sudden change of heart regarding the assad regime and all stories flying in the mainstream media over the past week which have been raising eyebrows in moscow explores what's behind the speculation. syria may be on the brink of civil war but it's already the subject of a full blown me diogo ships on new ships that's been the question for the past week as reports are since it was on its way according to the reports the battleships were laden with arms and troops and headed for syria it later turned out they were nowhere mysteria their in their home port of sevastopol empty but in the fog of war any reports however it accurate had some kind of influence. as you have so many forces. excited about the euro option there is that danger always yes they were and
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they were. going to get there through this information as usual like they did before the iraq war and before. intervening in afghanistan in the late seventy's also there was a delay of some information there was one ship it was turned back off the coast of scotland after it was found to be carrying helicopter parts bound to syria q assertions that russia was supplying combat helicopters to president assad we are concerned about the latest information we have that there are attack helicopters on the way from russia to syria which will escalate the conflict quite dramatically it's an allegation that russia's foreign minister sergei lavrov says is part of a propaganda campaign the shape of which is being discussed but these days that indeed was scary defense systems and it was carrying three helicopters which
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have been repaired in russia under the control signed into cells of a there was a soviet helicopter seven hundred fifty of them syria from seoul gives them the fuel cells and say there was a concert very few of them bastille to be assembled you know when they are delivered they have to be assembled to the entire process will fit with less than three months so to speak about something which we just sold to syria and which is being used. in action is not true that it wasn't only ships apparently war games were planned to it rainy a news agency fawaz reported that iran russia china and syria are planning to conduct joint military exercises in syria next month analysts think the story was planted by syria or iran as a show of strength but that u.s. outlets took it up because the. suited them for the u.s. and you say just use love the story because it matches. you know the.
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regime and its supporters in iran or russia or china or. they are the ones who are. getting the conflict instead of seeking a. peaceful solution so they like the story you know. and use agents use then there's the war of words british prime minister david cameron came out of a meeting with president putin at the recent g twenty summit saying puts it no longer wanted president taft in power in syria russia's foreign ministry later denied that was putin's position but was it a case of lost in translation wishful thinking on the prime minister's parts or another attempt to exert pressure on russia in the last fifteen months is being a media attack on syria that the crisis just in crisis is seventy percent to media so two percent on the ground so there's a quite
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a lot of stories every day. like for some observations by just some of those using you tube and there is no confirmed reports anymore it's said the first casualty of war is the truth and all the international rumor mongering and jockeying for position comes at the expense of the syrian people the situation doesn't change regardless of which country won the latest battle of words. britain and the u.s. are said to be considering giving president asad clemency and safe passage out of syria if he goes to an international conference on a power handover. from the universal peace federation angio believes it's a move designed to soften russia and china's objections to what they see as the west's aggressive rhetoric i think this is a tactical standpoint by the west specifically by the u.s.
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and the british or the brits in order to maneuver actually this is a political maneuvering in the middle east or forward in order to attack such. russian let's say back up for it or the chinese even back up for this new i'm actually idea by the west in order for them to get the i mean reserve year you know the out of the presidency i mean bush had last heard and this is their own tactical actually or strategical interests actually in the middle east and to the above all is syria so the whole scenario i think it's an american movie illustrated and directed could be by the brits. but it's more waiting for you and i website r.t. dot com including a legal high view of why the country's government has taken matters into its own hands and start legalizing the selling of marijuana by drug. supply the controversial anti counterfeiting trade agreement or actor the european parliament committee recommended to action. the bill in july.
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fifteen of the world's largest banks have been rocked by credit score downgrades the rating agency moody's delivering on what it had long promised to do those hits include goldman sachs morgan stanley bank of america bank of scotland and deutsche bank financial powerhouses domestically and internationally the move could make it harder for them to keep existing clients or attract new ones and then money it's all said they had the downgrades fresh market panic and you exodus to gold without the c.e.o. of a country risk solutions advisory agency says that moody's is simply playing catch up. this is an indictment if you will of those banks but it's also
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important to emphasize that this is an indictment of the global economy and at the same time the ratings agencies don't want to have to be accused of being behind the cue ball if you will as they were three or four years ago there's clearly still some element if you will of perceived collusion in this process i mean the banks have been a lot of the rating agencies in general and moody's more specifically for a couple of weeks now in advance of these downgrades they're basically trying to plead their case they wouldn't even be open in my estimation to the pleadings or the cut that the concept of having an advance discussions so it does raise the question about just how independent the ratings agencies remain there is still a perceived collusion on wall street and more generally in the global financial system. well that for more on the possible repercussions of this let's now talk
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live to a charlie mcgrath an economic blogger and founder of the website wide awake news thank you for joining us here in r.t. so all these downgrades justified do you believe. yeah they were done they were justified you know half a decade ago i think it's a case of you know that some of the reports are i believe are accurate you know these rating agencies moody's standard and poor's bitch they're trying to front run this next crisis that's coming this crisis of reality that's coming based on the black guy from two thousand and eight to two thousand and seven two thousand and eight for not seeing the the economic when minded that the planet stepped on so they get in front of this knowing that the sovereign debt. landmines about to go off and they don't want to be sitting there with a guy on their face but to pretend that they're somehow. you know a real indicator of the health of these banks we know we know that the collusion between these rating agencies and the banks goes way back you know that the rating agencies were the ones who love to try out stamp aaa on
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a lot of these investment vehicles that brought us to the position we're in now the position where nations need to double and sometimes triple their sovereign debt in order to try to rescue economies that were literally destroyed by some of these same too big to fail as we're talking about so what do you think will be the consequences of this then of the downgrade yeah nothing i think we're going to see is this play out over the next couple weeks we're going to see more fear we're going to see more gloom by the mainstream business media in order to affect what citibank and they're doing too big just a week ago came out and said that they need it they need a shock to the market they need to get political cover not only the politicians here in the u.s. could because let's face it the u.s. is the largest provider of bondage to the i.m.f. but they need to give political cover to the folks in europe as well so they can continue their process about reigning in eviscerating representative government there and consolidating more power and handing it up to brussels so how will these
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big banks react to the stand all the days of rampant risk taking that. no absolutely not carry a in fact look let's look at some facts here. you know pre-crisis in the united states the top five j.p. morgan chase bank of america citi wells fargo goldman sachs they made up under forty percent of our economy in two thousand and twelve in june as i sit here and speak to you they're over fifty percent of the economy you know these banks don't have to worry about risk it isn't like we went through the crisis in two thousand and eight and forward and return to glass steagall where we had us separate these bank holding companies and bank investment companies these guys are writing the law in my opinion they are writing the law that governs not only this country but the world you mentioned europe a bit earlier as well the italian prime minister mario monti has also said that there's not just a week left to save the euro say but do you see this you know wave of downgrades hurting the chances of that happening absolutely absolutely as far as the euro falling apart i think that that that will not happen i think we will see more mario
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monti's let's call him what he is he's a technocrat he was installed just like we saw inside of greece we will see the crisis escalate we will see fear and panic and i believe personally it is in geneva fear in panic in order to implement the agenda that they've talked about for a decade now global financial governance you need to have fear in order to take away people's sovereignty so briefly that should moody's have held off such a potentially damaging move given how volatile the financial mood is today. hard question to answer and you know because i'm looking at it from purely a perspective of collusion between these rating agencies and these too big to fail institutions i don't think there's any more chance of them holding off then there is been bernanke he truly fixing the the economy of the united states or the world for that matter so you know should they have held off they shouldn't even be in existence as far as i'm concerned where was moody's in two thousand and eight where
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was fitch and s. and p. in two thousand and eight you know in this country in the last ten years we've lost thirty seven percent of our well the average home in this country where was moody's and fitch and all these other rating agencies when americans were you know putting their heart and savings into their homes telling them everything's going to be all be just fine we're aaa all the way ok i talked about have to leave it there founder of news thank you for joining us here on r.t. . saving at the euro is going to be the top agenda today as leaders of the euro zone's four biggest economies meet in rome but whether there is still time or will to preserve the issue is another question when discussed by people about his guests cross-talk is coming your way at six thirty g.m.t. . yes the ways are but there's a cost significant cost of attached to each way out so i think what you have is the one at this moment is they're trying to calculate these costs as best as they can and they will choose the lower cost so i personally think lending greece or any
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country is going to be hurting the zone and the currency the mess the. precedent has been set if there jack you know if you know years ago you cut it out you're no going to be able to avoid the who's next question that's number one because people say the markets will say at least if greece is otherwise why is portugal then why is our etc so these weak links will always be questions. sectarian fighting in western and me in ma has claimed more than eighty lives during this month alone buddhists have been clashing with muslim minority who've been trying to flee the region playing to the violence to neighboring bangladesh but their attempts failed as they considered illegal immigrants across the border where it could be a political analyst but still imperialism dot com because the violence is fueled from abroad many of the conflicts that we see in myanmar and elsewhere in the world
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but in particular in that country are the product of a proxy war an economic proxy war that the united states and the western powers are waging to prevent chinese economic development in myanmar we see the presence of a u.s. funded n.g.o.s that is not to say that everything that they do is negative that everything that they do foment chaos but rather that the presence that they have in the country indicates the presence of u.s. the u.s. government and the u.s. intelligence community in an attempt to block the chinese. now a look at some other stories making headlines around the world. afghan security forces have freed eighteen civilians taken hostage in a taliban attack on a lakeside hotel north of kabul to the militants have been killed along with a policeman while other hostages are still being held inside on thursday the country's president hamid karzai warned that attacks were increasing in the run up to nato troops handing over control to local forces in twenty fourteen he's now
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it's meant to follow a suicide bombing at a joint nato afghan military checkpoint on wednesday which killed twenty one people . an explosion at a sunni shi'a the northern pakistan has killed at least three people two of them children dozens were hurt by the bomb which was attached to a cart being pulled by donkey went off as a group of mostly women and children gathered for daily prayers. going to target these types of shrines in the past considering them a form of idol worship which is forbidden in a strip a branch of islam. the son of one of mexico's most wanted drug lords has been arrested for alleged involvement in narcotics trafficking and money laundering assume self. and suspected of assuming a lead role in the powerful cartel that by his father nicknamed el chapo he was detained along with one other man police also sees a number of weapons and thousands of dollars in cash. now reports surfaced
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suggesting that is u.s. and israel are behind a sophisticated computer virus that appears to have been launched to try to gather intelligence about iran's nuclear program that's despite washington's loud condemnation of hacker attacks this is directed against the u.s. . and has more. guides that american officials may sound defensive when they talk about cyber attacks as being a major threat to the country's security a weapon of mass disruption you could have a cyber attack that would be as consequential in terms of the economy maybe even in terms of overall us ryan fashions we typically associate with more for the next pearl harbor that we confront could very well be a cyber attack that cripples our our power system certainly our grid acts of terror could come not only from a few extremists and suicide vests but from a few keystrokes on the computer but it turns out the u.s. government itself carries out cyber attacks against other nations the washington
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post cites officials speaking on condition of anonymity to say entrap aeration for cyber sabotage against iran the u.s. and israel developed the flame virus flame is the most complex computer spying program ever discovered it has the capacity to steal or alger elec trani documents by now nobody doubts the program was development by a government entity that something like this appears to be what they would call state sponsored it sounds like the n.s.a. it is a means by me that it necessary to say has and does this kind of thing we know they've done this kind of things you're getting intelligence without having to put someone actually there it's cyber espionage while the flame war was collecting intelligence the stuxnet virus borrowed into iran's nuclear program and created havoc in its uranium enrichment centrifuges the obama administration did not deny the leaks in the new york times that it had teamed up with israel to create stuxnet at some fear
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that the move almost invites retaliation when you attack for instance iraq's nuclear program you provide the iranians with their weapons your word which they kept that reverse engineer take apart figure out how it works turn it around send to your way elise. eating moscow based security firm which uncovered the flame virus says part of its code is nearly identical to the code finding stocks net and suggested that the viruses were developed by two teams working in collaboration leaks in the press support that assessment one official also on condition of anonymity said is just the beginning and the u.s. is preparing the battlefield for another type of coverage action we're setting precedent for other nations and that's where the real problem lies because we've been criticizing china for allegedly attacking united states companies and u.s. governments while the same time engaging in this in the same conduct with other
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countries feel bomb administration has openly confirmed hacking websites but only if alleged al qaeda sympathizers in yemen the u.s. secretary of state described this cyber effort as part of a larger attack on terrorism but many fear the u.s. cyber efforts go well beyond that. as u.s. defense authorities go offensive in cyber warfare the pentagon's cyber command has fast tracked the development of weapons that ministration just announced a one hundred ten million dollar program to solicit proposals from the universities and video game manufacturers so much hype about cyber war is that some people that seem to be in the authority about war start talking about technology as if they understand that they're always talking about war because that's their business and so they're trying to rip technology into that and so when we have no control of our technology we have these people that wish to use it for further and for war specifically that's a recipe for some pretty scary stuff cyberspace as a whole is now seen by the u.s. military as that vast area of opportunity you can really tell the government don't
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do to others what you don't want them to tell you but in light of the recent revelations about the u.s. being gauge that fiber one might ask what the message that the center for all what the government even the dems cyber attacks have heard them all but it fell like one hell of a hopper i'm going to check out reporting from washington. now at a time to delve into well the business the annual meeting of economic heavy hitters the st petersburg forum is underway in russia's northern capital. that's a second for kicks off pretty joins us from the business desk hi there kate here with a fresh wave of downgrades that we've been reporting on europe's economic troubles should be on the forms agenda russia picked absolutely it is on the top of the agenda kerry fairy much those what the alice the forecasters the traders the
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bankers the ministers it's what they are all talking about and really how to boost the global equity market at the moment because we seem to five trillion dollars been wiped off the market since march so it's serious stuff and also how to safeguard one's economy at home as well the domestic situation that's what president putin was talking about yesterday when he addressed the foreign ministers he was calling for active and doing measures to cope with the global meltdown one of them is reforming the i.m.f. to give more voting rights to emerging economies this will help to ease a year era crisis which many economists at the foreign believe has reached a critical stage now this is all too caught up with the world bank their solution to the economic meltdown. if you want to maintain your all that means you have to also address this issue of banking and carve out a banking union is there you have value that the consequence is the physical union
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and then it's going to be also the political union so there is the repeal or we just are going all becoming arriba related. now as the president addressed all these foreign ministers he was talking about how he doesn't tend to deliver these reforms as well and how he intends to do that now he was saying that it includes selling government stakes in state companies fighting corruption and cutting russia's dependency on commodity exports pollution has also promised that capital flows will remain on the street. and that the central bank will keep its policy of ruble flexibility so with all that in mind with the global turmoil really reaching its height as i was saying yesterday let's have a look at the markets and see how the asian ones are performing and they are indeed a drop and we've had a lot of sentiments coming in from the u.s. very disappointing date i'll get on to that in just a moment all to go ahead a test please see there down often it is investment services cut its rating by one
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notch along with downgrades to several other global lenders you mentioned it yourself carry as well i was got mainland chinese stocks actually closed today as far as the nikkei is concerned that was also dropping today japan's number one i learned is dropping around eight tenths of of cent mr b. in a view that softer fifth day of that global banks were down great is by reducing investor services so i mentioned the u.s. as well let's talk about that was just for a second or two because that will also sentiment going on it was best second biggest no second biggest not all of the year for the day of the bourse unbelievable that says we have the economic reports coming out indicating a slowdown in the global manufacturing as well as jobs data came out as well u.s. home sells missed estimates also the slowing indian economy as well was to turn
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let's get on to the russian markets and see how they performed yesterday and it was indeed a disappointing day the r.t.s. ninety two percent down the my sex a tenth of a percent in negative territory a move you know we see how the oil is performing and indeed it is gaining let me just tell you that much care that's what i've got time for ok thanks very much for that. that if you let me be back with the headlines.
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