but also that of an independent commission in syria we call upon nations who impose sanctions against syria to immediately lift them we see the efforts of certain states to use humanitarian reasons to justify financial technical and logistical support to illegally armed groups as unacceptable. but the u.s. and its western allies have underscored as late as this eat this meeting taking place security council that they will continue supporting the syrian opposition and continue providing them with a quick meant. well more perspective now on the situation at the u.n. security council and turkey's no fly zone big with political analyst and freelance writer. what turkey must have known that the un security council would be less than enthusiastic about the idea of setting up buffer zones for refugee camps that involves a no fly zone over syria why then do you think they actually made that big. thanks

for having me. i don't know what's the what are the kind of conditions are going to go on and i will go look for. the most fly zone in syria i think this is a situation i know nobody syria so. they have a team on to me for any foreign intervention in syria i think this will save. us are equal to war and you have also to be more limitations to intervene in syria for example that the first edition is there is the cancer carrying structure in the society so i mean foreign intervention in syria would have ensued connections incentives turkish suicide a speech the second the nation is not going to spend alone against iran and syria it is the gulf states have the will and desire to finance. such kind of step in syria. for an intervention they don't have the means the military means to intervene so turkey would just stand along with the nato in syria and the

limitation is that the relationship between you know don don sparked and the army is not a good. example. his general stance of germs. in that turkey sure presents under the pretext of the so-called mark against him but also i think kind of i think there is no option but there is no possibility for you to intervene in syria militarily in the future it's not just turkey talking about military intervention now britain france have made it very clear that they could well go ahead without any sanction from the security council with some form of intervention do you think perhaps we are getting closer now to seeing some foreign involvement now in syria i think every time there is a major battle it was inside the major cities are syria not of the major battles are happening. over here just a. the western leaders who is the ers are. coming

to help you about at the end they don't have the means they have the military means to intervene but in the future if the syrian society is collapse it will happen if your actions on iraq and iran in jordan in turkey so can they afford such action in the future good they want to win societies our goal middle east i don't think so what would be the implications if we saw countries acting beyond the u.n. security council what would that do not just for international relations because of course we know what russia and china think about that but also the un's credibility yes for sure i think a safe zones don't legally be safe zones or such kind of foreign intervention is on the charter. charter if you are in security council is the chapter seven so russia and china will block such a decision but if their parents. intervene in syria like in iraq and in other

places the u.n. really only does it's pretty pretty but we have no good luck that way but here we are going to buy me so the western states also didn't believe the political solution here but only with. syria for foreign intervention for as and stick well they have also good if you go under the table as a carrot but the reason for these no fly zones or buffer zones is really a humanitarian basis although many are now suspicious of course as a pretext for military intervention but people are dying in syria so what should be done. this is not going to marry terry what should be done is to push for a negotiation for a dialogue between the syrian leadership and with the opposition for example next month we have the internal opposition meeting inside damascus. syria so why the western states are not helping the syrians for a political solution where there are we going to try to think through. these. and

the fundamentalists in syria i mean we have never been a solution for such kind of such kind of process. by and by the carried out. against the secular states like syria i'm going to work what kind of studio expecting in. syria falls in the hands of this experience of cohesion of the syrian society will be totally collapsed and you could have. the whole of the middle east give or take you very much for your perspective on this very interesting to hear your comments and political analyst a writer joining me live there from beirut and this is r.t. can be live from the russian capital still ahead for you this week it leaks weighs in on syria june the sun from this is war revelations on western motivations in the crisis and blast u.s. harassment of his whistle blowing web site that's later in the program.

but first mitt romney has been outlining more of his policy plans as he accepted his nomination as the republican candidate for the u.s. presidency he wants more stressed his aggressive views toward some nations including russia but with a reputation for changing his stance it can be hard to tell how trustworthy he is that is going to explains. mitt romney is now officially barack obama's opponent for the white house and he's talking tough throwing rocks well verbal rocks not only at the president but also at nations at the republican convention where he accepted his nomination mr romney did not fail to once again highlight his animosity towards russia he criticized the president for not being hard enough in his view on russia when it comes to missile defense mitt romney says under his administration quote mr putin will see less flexibility and more backbone and of quote and of course that adds up to his earlier statements that russia is america's number one geopolitical anime and that they need to reset the reset that's actually

what he says on his website as part of mitt romney's foreign policy agenda so yes a lot of tough talk i heard experts say that's how mitt romney makes up for lack of charisma what's interesting about the backbone comment is that mitt romney himself is often characterized as lacking the backbone as he has flip flopped on so many issues like abortion he was for abortion before he was against it or illegal immigration he was for giving them legal status that he was for deporting them mitt romney is flip flops have been widely discussed they've become an endless source of inspiration for comedians this is this is from the tonight show with jay leno it says actually mitt romney and hurricane isaac have something in common they can both change directions at any moment and another comedian goes obama is like you can be whatever you want to be while romney is like i can be whatever you want me

to be there are tons of jokes about mitt romney and his backbone issues apparently one way of showing some backbone for him is this kind of tough talk full of threats we'll see how far it will take him in this november election was there with. this politically motivated the. verdict from iran on a new u.n. report claiming to have evidence that the country has doubled its nuclear capacity . so to come first in the songes promise to keep publishing millions of emails to cast new light on the syrian crisis in a rare interview given to a south american t.v. network their promise to show just how comfortable the west used to be with president assad and how the media is currently being manipulated to vilify him and soldiers also criticize washington's harassment of wiki leaks saying speaking the truth should never be considered a crime in mention how the west is turning into a surveillance mega-state which he believes makes a mockery of human rights the whistleblower voiced his belief that the case against

him is really a case against we killings but he remains hopeful that swedish prosecutors will eventually drop the investigation or for more on this i can now hear from the leader of the u.k. pirate party joining me live in the u.k. well these so-called syria files that are currently being published on wiki leaks consist of something something like two and a half million e-mails from syrian political insiders touch on the sort of subject matter but what do you think this information could reveal them and will this leak have any real and timely impact. story really do sort of. back and focus in all its glory or mission and that it's about opening up governments and actually really useful information and that's so i guess we'll have to see what this bring unfortunately the ongoing. embassy is continuing to actually take focus on. whistle blowing organization and

actually a moment of making. this talk about the embassy standoff very goes to quito a call for help from the latin american country he says that of course he is asking for help from a country that is at. now under question about its own media freedom do you think in some ways he's compromising his position there by going to quito ecuador. this is very much. a concern. to see that we are still very much coming back to kind of square one in this embassy standoff now because there has been the ongoing diplomatic spat between ecuador and the united kingdom particularly about the message. about you know one thousand nine hundred or which. which actually gives gives the u.k. authority powers to end embassies under circle so it's.

very much interpreted as a threat. but now they think. it's situational now william hague or a minister has it that there is no plan to storm the embassy but equally the u.k. has. to arrest you. so we're still seeing this unseemly two things that occur and other outright you are saying at the very start of this embassy standoff is all a distraction and that this latest revelation is going to reveal wiki leaks in revealed something like two and a half million emails concerning syria gets back to the roots of what wiki leaks is all about now he also said in his in latest interview that the organization is resisting the transformation of the developed world into a trans national surveillance state is there any truth to this and if so what can

we do to stop it. one of the recent was some of the recent revelations coming through which have been about the traffic while the traffic was the way the system which is actually very. very significant implications also here in. united kingdom the trouble is that the moment it's very difficult to get this message out while the current standoff continues. yes there are wind bred concerns which we in the pirate party have been also. articulated see some time now here in the united kingdom around a threat of a major new bill which actually threatening to track how how we said emails where contacts and messages to one another if i could just ask you you're doing it what we could leaks has been doing with the power party in some ways taking on that role do you think we can extend survived without a censure now or will we see organizations like yourself taking its place well what

we've been very much saying all along it's. that we separate our to the personalities from the actual mission. and i think it'll be really helpful if for example the. social media wrap but has been running some recent quite personal attacks right now which which very unhelpful and undermine its credibility as a news organization always said that it is and that's to say that mark not distract from the ongoing find. to have a greater transparency and a greater powers of freedom of information that's necessary here in the u.k. but right across the world lost a leader of the u.k. thank you very much indeed for talking to me live from manchester. iran is

rejected as a political move the latest report by the u.n. nuclear watchdog which claims the countries doubled the number of uranium enrichment centrifuges to iran believes the findings are aimed overshadowing the movement summit taking place there mohammad marandi a professor at the university of tehran thinks the release of the report at this time is highly suspicious the iranians are saying that this report came at a sensitive time to sort of distract attention away from this iranian success the nonaligned movement. conference in tehran has been highly successful. iran being isolated the united states has become isolated centered opposed senior figures going to tehran and many major world leaders have come to the country in addition the president of egypt into iran which is a political earthquake the iranians are producing uranium. enriched uranium at twenty percent for facilities in iran which would then produce medical

isotopes the fact that the united states and the europeans tried to prevent iran from obtaining that fuel in the past that meant that they were taking the running cancer patients hostage the irony here is that the iranians at the beginning had no intention whatsoever to produce twenty percent and then produce nuclear fuel but the americans and the europeans by taking iranian citizen. people hostage force the iranians to take that step the politicians senior politicians really know that an attack on iran would be devastating for the united states and not only for its economy but for its global position and its credibility. don't forget to log onto our website r t don't com for the latest news comment and videos here's a taste of what else might catch your right plans for a new which gets the latest updates from the u.s. military drone attacks. can't find out what hasn't been approved.

also online vision for the future a woman who has got it back again surgeons have been part of her for the first ever successful. german chancellor angela merkel is on a visit to china at the moment hoping to tap into the country's military muscle to help pull europe out of its downward spiral she's seeking to boost the flow of investment from beijing into the european stability fund. financial trouble that the summit worked hard to create however hands the money from the european council on foreign relations says the chinese are in no hurry to lend a hand to berlin. the big hope in europe is that the chinese would invest in

some of the new. vehicles that have been crazy like the european stability mechanism. the chinese. offering lots of words of support today and yesterday but not much in the way of concrete promises to buy bonds in any case the chinese don't tend to make their bond purchases public so we don't know for example how much the chinese invested in european bones in the last two years since the euro crisis began anyway and we probably won't know so there's a lot of there's a lot of uncertainty about in the case of a bus obviously this is a european company and so it would benefit not just germany but also france and other countries in europe but lots of the deals that have been signed. for german companies are open to european companies and so in that sense there is a competition going on between germany and other european countries and it mostly generally seems to be winning that competition. coming up to twenty five minutes

past the hour now dimitri's next with the business and me to the markets have been anticipating the jackson hole summit in wyoming all week well now that it's on a happy well i'd say rather yes the no because you are waiting is always such a bird and now that it's on and of course we've had the keynote address from ben bernanke which provided a lot of information as to his views on stimulus policies he has talked a lot about easing which the markets are happy about but he has not provided any concrete calls for action and that's a bit disappointing so this is what we've got right now chairman ben bernanke he made it clear that the federal reserve will do more to boost the economy because of high u.s. unemployment and he's argued that the fed's moves so far to keep interest rates at record lows and encourage borrowing and spending have helped both of the part of me so there will be more stay. but when how volumes none of that is clear first take

a look at the direct reaction that we're seeing right now and this is the most moderate probably reaction that we've seen so far this day we have seen the dow climb more than one percent right now it's just up twenty four percent now this week now was manufacturing which came out in july up two point eight percent and that's another signal that the economy is moving forward still over in europe this is also coupled with the hopes that the e.c.v. will keep on buying the spanish and italian debt nobody bourne's and therefore that sends up more than one percent but the forty slipped into the red at the end of the session on profit. now in the russia the picture is kind of undecided at the close with my six down point five percent of the r.t.s. up on our strong ruble to my six was pressured by the new poor shares which were down as the company announced its stop buying its own shares after buying around

two and a half billion dollars worth of its own stock from the market so basically investors are securing profits. and on the commodities market we are seeing a rally indeed with light sweet and brant up almost two dollars now this is not only based on the fact that additional stimulus would spur demand for energy but also of course in the assessment of the damage that hurricane isaac has read in louisiana and on the currency markets the euro is losing a bit of its steam against the dollar but still up fifty five points which is around half a percent and that's that's a pretty strong result with the russian ruble also stronger against poker at the close of the session. all right now china is pushing its you one into international trade so far it's trading with hong kong and with singapore in its national currency but now it's also latin american and the middle east markets russia has also been pushing to do the same and hong kong's financial secretary

john tsang has told me that the two countries can help each other. what is happening now is a great deal of trace element in the national currency so in terms of for example between russia and china they would be doing a lot of settlement in un or in rubble this way you can way we do use the currency risk that may incur and that is already happening i think we should expect to see a lot more of that as this two currencies become a. currency for for the rest of the world. right bill that's it from me for now but i'll be back in fifty five minutes time and he wanted to thanks a lot for that well i'll be back with a look at our top stories in just a couple of minutes.

well the. science technology innovation all these developments from around russia we've got the future covered.

top stories this hour on r.t. the winner takes it all the loser standing small the russian self. is left empty handed after a london court dismisses his hefty lawsuit against billionaire the man adam of each . turkey's pitch for a syrian intervention hits a dead end at the u.n. leaving nato countries warning they might simply bypass the security council. plus republican mitt romney accept his nomination as presidential candidate with a promise to show russia backbone critics night but that is not his greatest asset i'll be back with more news in half an hour from now with the news team in the meantime the u.s. . capital account. good afternoon and welcome to capital account i'm lauren lyster here in washington

d.c. and we are on vacation you see we've been broadcasting since october so that means were a little overdue for a break but in that time and in just the last few months we've interviewed so many amazing guests from jim grant to mark father to jim rickards even joining me as a co-host and we've covered so many topics that are relevant on any given day whether it's the fed or the eurozone crisis so we put together some of our very best and most popular episodes from the last few months for your viewing pleasure and the time while we're off and you can look forward to all the new shows starting september fourth so mark your calendar and don't forget interviews can all be found in their entirety on our you tube channel you tube dot com slash capital account but for now let's get to today's capital account.

welcome to capital account i'm lauren lyster and i want to get straight to our show today because as stocks fall volatility spikes perceived safe haven yields hit record lows and criminal libel or charges may be imminent things seem a little crazy as headlines even tout global economy in worse shape since two thousand and nine it just so happens lucky for us a group of investors are getting together in vancouver to figure out how to navigate this terrain right now for what we're calling a sort of anti davos it's a gore of financials conference a lot of our guests are there and its theme is innovate or die empire at a turning point so we want to check in right away with the end see eric he's editor of the daily reckoning and chief investment strategist at a gore a financial to find out why all of these high profile investors and economic experts are seen as such high stakes at this point and what answers they may have

so first of all eric thank you so much for being on at your big conference for the year to tell us all about it and also your insight thanks for being on the show. that's a pleasure war thanks for having me absolutely so first eric let's just touch on the conference briefly and what you think of my characterization of this as the anti davos because also my producer tells me that you guys were talking about this conference in the attendees as financial first responders so i'm curious your your explanation of and reactions to both of those comments. well yes i think the davos is where davos is davos is the established order davos is the very comfy co-leader country club ish association of of comfortable c.e.o.'s and and their government counterparts and this is

a conference that's not for them this is a conference that is for regular individuals who are trying to navigate. economic conditions that are increasingly challenging and confusing so they're first responders in the sense that. as a group they understand that some things about the way the markets function have changed and they want to be out in front of those changes so that they're not they're not victimized by them yeah a lot has changed that's for sure let's get into all of this first a lot of concern the headlines today coming out of europe then it's a good point people don't know these days how do weigh the mood angela merkel may be in when they're making their investment decisions which is something you have to factor in increasingly arguably meanwhile u.s. treasury yields today eric they fell to an all time record low on all ends of the spectrum the ten year traded below one point four percent the thirty year below two point four eight percent but instead of being lulled to sleep you do not think

the u.s. should be asleep if you think that the u.s. should learn from a cautionary tale from the extinction of the irish elk first eric what happened to the irish elf. well the irish elk was a was a maladaptive species ultimately so the irish elk. had enormous antlers and the antlers were according to one theory of its other except its extinction were a major component of the sexual attraction of the males so it was a big part of sexual selection the apparently the female irish heloc dug male alex with beginners. as as that process proceeded. the the large antlered elk would have large antlered offspring and they would grow larger and larger which is such

a generations ultimately who ended up with elk that had hundred pound antlers and they were ill suited to work to forage they were could had to keep their heads up and according to the leading theory of their extinction the antlers became so large they contained a sixteen or so pounds of calcium eight pounds of phosphate and the local grasses were insufficient to support that level of of bone growth so the elk the elk because of their antlers developed a kind of osteoporosis and died off. well you know at a time like that then you see about you know from the early ninety's right said fred on i'm too sexy for my cat i'm sexy for well that's what happened with the with the elk they became too sexy just survive and in a way the united states i believe is becoming too sexy to thrive we have been the.