or whether or not you choose to boycott it we're still going to come to your office and demand to see those papers and that is exactly what has been happening that brings up today for the moment i'll be back with more news for you with a news team in half an hour from now in a moment we have business after a short break. when you have no way to live. when you don't have a family. when you have no one to ask for help you can always count on. this man is respected by criminals and also as he is alike deals out it's going to make sure that it was people like he used to be. for the homeless.

cool. my. hello and welcome to our business report i'm lucy catherine of and thanks so much for tuning in this evening well a new global development bank to rival western institutions that is the main news out of south africa today where leaders of the world's top emerging economies have been meeting for the annual brics summit but the biggest story came from the sign

lines of the meeting china and brazil had sealed a currency swap agreement worth some thirty billion u.s. dollars the deal will allow two countries to trade in each other's currencies without actually needing the dollar and it would also help insulate their growing commercial ties should another banking crisis cause dollar trade finance to dry up the so-called brics nations have been eager to mount a challenge to the greenbacks dominance in world trade. because as global trade increases it's finding bigger and emerging trade partners. settling in u.s. dollars is not of the advantageous a settling in its own currency well speaking of steps another major step that we've seen announced as a result of this bric summit is of course the proposed new international development bank by the brics countries to rival the i.m.f. and the world bank in your view how feasible is this and how significant is this

this announcement well i mean. considering the strength of the great things in nigeria economies of see the last few years is. that the face of a global financial crisis as well there's every. reason why they should talk about this and there's every reason why it could potentially happen and why would a developing country want an alternative to talk a little bit about some of the concerns with the current financial institutions that are available to growing. the concerns of the banks maybe a little bit more bonds to the developed countries the western world. of course we've been through and all still going through the sovereign debt crisis maybe there's a feeling that the focus is very much on them in particular the i.m.f. is playing a big part. so. you know the bric countries are. they

working together to ensure that they don't get left behind and there's no bias towards countries outside the brakes. since for them to do this. it's time to get a look at how the european markets performed not a lot of good news as you can see they're closing in the red today now as you can see the footsie was down just a fraction while the german dax had lost over one percent meanwhile heading over to the united states picture also not that much better but the dow and the nasdaq are in the red this following downturns in markets across europe meanwhile russian markets seem to have bucked the global trend at least for today that is finishing in a positive territory the my stocks gaining over half a percent and the r.t.s. up just a tiny notch point zero four percent as you can see there on to currencies now mixed results for the russian ruble which gained some ground on the euro lost quite

significantly to the u.s. dollars you can see there living on now to sign where the crisis seems to continue to escalate folks of how their money in either the bank of cyprus or me lose almost half of their savings this as the country's government starts restructuring its banking system now the island is preparing to finally reopen and banks on thursday they have been shut for almost two weeks now in order to avoid a run on money during the country's financial crisis you know ahead of the big day tomorrow we did speak to the chief economist of alpha bank natalya orlova. first of all the really important to see that cyprus will open the banking system right because i would say it's all the first and the ball they expect the openness of the banks but this is happening for the last one and a half week because you know the longer the banks are not working as a higher chance that there will be bad loan crisis because compound this which cannot use their accounts the finest transaction there from the will slowly to

become bankrupt and pursue surprise why would he have this decision just one of how we craft of the crisis saw that more than the very beginning so i think the most surprising point about this crisis is how long could this taking you know to call with the final and more sadly quick decision you know some experts foresee a greater capital outflow from russia because of this cyprus crisis what's your take on that i'm not so sure because i think all the all of the you know the site was prizes syndicated even the. counterpart of eurozone cannot for lish siebel financial system so the question you know where to flow also things there's not a lot of counter willing to accept russian capital sin number of the counters there is a very tight restrictions on the number of the counters and banks in this country will require information about the source of this money so i think for the very large capital spoke with this will be the case they probably will more or less ease of

flow to maybe switzerland and other countries but the small deported to somewhere i could come back to russia in my view so i think that offshore they do offer was in the show is very dear to reduce the dogs burden right but i think with time now russian capitals are maybe not so much interest to have to reduce the cost to learn business but maybe mail it to be on the safe side you know so i think this will dramatically change the priority in the interest. of these global global financial . financial services and then my sense you know the russian capitals may well go to the developed canvas like you know you and countless us maybe just looking for for more more stable places. that's it for me here with business but after a short break r.t. speaks to a mixed martial arts champion jeff monson about u.s. foreign policy arms sales and why he thinks the occupy wall street movement was

a major turning point for the u.s. . oh. please. join thousands of gadget guru squawk into the mobile world congress in barcelona where research and handset makers try to get their groove back. and software super chargers hope to spin previous successes forward crushes jandek turns up the heat on google and despite a new twist on infotainment it's not just fun and games often overlooked video engine spring ball is streaming conferences to the palm of your hands and there's

a new player in town looking to show that isn't that better than one month she updates if you're on a. leave the country. i'm in sochi to know your city in europe i'm the host of the twenty fourteen winter the pick a. song she. sang the. song she. sang the song with a. dog days of. the fridays a. common. theme song it's so true. we've used. to feed.

my definite joyous here a nazi you're welcome thank you for having me we now speak almost exactly on the tenth anniversary of us invasion to iraq i know you were arrested for vandalism not to use a painted the attic a symbol on one of the governmental buildings protesting against the war and economic inequality as you then said so do you think these two us as main problems at this point we can't maintain ourselves you know the united states has military bases in one hundred twenty five hundred thirty countries right now worldwide. and

it's really you know it's not about you know government and it's not about military it's about keeping the spread of capitalism is about keeping the spread of of american democracy which smeaton's our corporations go and exploit you know as many people as we can they keep talking about you know so many people are getting out of poverty but in fact the statistics show that the gap between the richest and the poorest has never been worse than it is now even in the feudal age so what we're doing right now besides a store environment is not good for the people even today the country starting wars and it's it's sending drones to one country and bombing another one we're empire we're we're trying to like to say we're trying to spread you know american capitalism you know american democracy throughout the world to let the free trade of money and you know our businesses and corporations infiltrate other countries and have new markets opening up all over the world getting back to your question

you know i think it's all part of a master plan and i just think it's you know these you know they we speak we you know cat the scared and some of these other countries that have terrible dictatorship regimes and that are terrible to their people in jail or people and you know we still send them orange we spend more and are we sell more in arms. other countries will buy for three. they said seventy eight percent of the world's military supplies arguments missiles defense systems come from the united states in the world we're selling to because that's money for him who get some money this is like george calling sad it's a hobby we have very good at that for us it's about the money and people and it's crushing because people it is ignorantly keep us entertained with other things well the real world what's really going on in the world. is happening all around us and we're just blind to america's supporting forces affiliated with al qaeda and other

terrorist organizations but at the same time spending millions of dollars fighting against terror and at the end of the day we see nine eleven happening in america so where is the logic here it really makes perfect logic bush approval rating of the bush jr was the lowest of any president ever at that time he knows hovering around you know the low twenty's you know high night eighteen nineteen percent approval rating the car to me was bad everything that was the best thing that could have ever happened to him and you know kid not only carried him through that. four years but got him another four years based on you know we're going to get them the same thing the nazis did you know you know they asked them during the nerve trials you know how did you make these people commit these atrocities gas six million people in and murdered these people and they said we made them the enemy made them that they were out to get our homeland they're out to get us and the united states

really is doing that right now you see an intolerance now for anyone of you know muslim. background or anyone that even looks like they're from the middle east i don't think you believe that person that it will anybody be held responsible for all those mistakes all those policies no because who who is responsible you know it's i remember going to. famous. saying back and then you know these people's given their businesses for clothes and taken away and everything they were for their entire lives in their farms for clothes and they're asking will who do we fight who we blame because the people were locking the doors on him and the police were coming in they wanted to fight the police and the police said it's not us we're just doing our job and the people will who do we fight who who are we going to protests who we're going to go march down and stomp on the door they go it's just the way it is you know we always blame the government and of

course they are to blame but you know they're working and it's not a conspiracy they're working for the corporations or working for the banks and i believe obama. yeah you know one saw scale what what what obama second and last term we're going to expect major trends no i think he showed his true colors the first term you know i was actually given a speech to some socialists on the eve of his election. and people were literally crying. that oh my gosh we have a black man in america someone who's going to bring social change someone who's talking about change someone is not going to be caught in the system and be another colleague that just does the will of the you know the corporations and the banks is this person going to stand expectations were very high man i just i said he's part of the system he might have a good heart and i who am i to judge you know i'm only judging on his actions and what he's done and he's made you know he's going to close guantanamo bay so he was going to you know and the war in iraq and afghanistan and i've see iraq we

saw our defense contractors there and we have we basically have well secure so maybe the major conflicts are over but more so when our afghanistan we've got drones in afghanistan and pakistan and now they're talking about drones going over the united states you know to surveil his own people so it's really a police it's really george orwell's one thousand nine hundred four stop in front of a sad and surreal it is scary it's really surreal is the perfect word of surreal it's it's unimaginable but as you'd like you said we talked about as you scare people into they're out to get us this is for your own protection you know they make us. you know scared of one another scared of what our neighbors do and scared of you know the people who moved in down the street and what they're up to disappointed with what talk to plan a movement managed or rather failed to achieve for the first time it showed that people can come together people of all walks of life you know there there were

doctors in there there were unemployed people there are teachers or students there's. you know we're all kind of blue collar white collar workers and they're saying yeah we are you know the ninety nine percent and we are you know we're being exploited but jeff it may have the opposite effect i mean it took years for people to feel this unity to get together and now they have nothing they don't most nothing and even maybe more frustrated and more disappointed no i think you've planted the seed of solidarity within within and i think now that that's sprouted maybe right now it needs to be watered and it needs to be fed but it put it through there and before i don't think it was there well it's resurface it has to resurface and unfortunately the. the climate that's going to make it resurface is the middle class being squeezed out even more the united states or another you know bank failure or something like this people are being squeezed and squeezed and squeezed

and when they can't be squeezed anymore then they're going to fight back and i think it's going to spread look at look at what happened in egypt in you know libya and so never in my lifetime did i expect that could happen under those dictatorships have put it spread like wildfire and all you think americans plainest possible i do think so i do think so not not in my lifetime but i said that about those other countries to civil suit so i want to ask you what's needed to bring about social change but what i understood is that more pressure is needed and more crises right is that correct we have to be educate ourselves into something take its place that's going to work. for the people otherwise you're just going to have a power vacuum. and a case study to what does it mean to be and i kissed in fact tickle terms i mean being an anarchist actually gives me hope for just me hope that there's something better and it gives me something to work for i you know someone asked me yesterday in the interview they go what is your worst case scenario in your life what would

you fear the most and i think it would be dying without thinking and i have made it cause i've contributed enough to something that i know is true we know that killing someone is is wrong you know we know that helping someone that is in need is good we know these are like absolutes how are these things possible without government like helping each other like support and homeless unemployed. education that you mentioned also how how is it possible without a system we asked for so this that's the how can we make this road there's no government to tell us to make the road how can we make a school and educate ourselves the government's not telling us to do this but we've been trained to look for help it's like a five year old at a store looking up. ok mike can i have this can be can i have this can i you know wash my hands can i go to the bathroom now we don't need the government the

government doesn't do the work the corporations they have the elites don't do the work the banks don't do the work we're the ones actually getting our hands dirty and doing the work so why can't we make the decisions to do these ourselves jeff do you see yourself involved in politics or does the country. i want to be of all be paul does but not under not i can't i don't believe in being elected so there's going to be involved and you know other than that this is the problem with inner america's movement we don't believe in being elected or or holding office but there is a leader there's a different in being a leader. leading in helping and having power i don't just because i'm leaving or showing away or contributing does. i mean i have any more power than someone else it's just the fact that what i do i'm a fighter and right now fighting is very big and popular so people will listen to what i say more than if i was even a doctor making probably more. contribution to society as helping people than i am

now you know just been an entertainer some of the things are just absolute truths i believe we're people and we should work together you know back in the in the days ten thousand years ago when we were living caves and on the plains of africa we had to work together in order to get you know if you went off on your own and said i'm going to gather i'm going to do this i'm going to be on my own and i'm taking as much as i can and you're going to die you know we're going to be eaten by something or are you going to starve to death or something we needed each other when you started to realize all those things. you know you know member these i remember the exact moment i had a fight in rio de janeiro right south right outside rio de janeiro and then we drove there that night and so i went walking on the beach you know after the fight and it's like madam and beautiful rio and shorts and and i was walking back to our i think probably like a four star hotel and there was a woman with her two children on a box cardboard box going back to the hotel that hadn't been there when i left and

she sent to talk to the kids the kids came up out and for a rio you know which at that time was like i think it was through a price thirty cents american and you know i think it was maybe a sudden i saw them making these kids are going to school tomorrow you know they're whatever seven in ten or something like this and it's like how what evl i done in my life that i deserve to be in this photo. and there's a woman as with these two kids with these kids ever done a disservice you know i mean in that light by him i knew there had to be something wrong with the world the way this is a was what was your answer to yourself i need to do something different i need make a chair i need it i need you know it's like a bob marley song say something say something say something and it was like god like you know i. i have to you know i guess i have to do something in it there's not this this is not about me just months and this is just one thing as

a one of billions that live in this system is that two years i saw your i am it's it's you know it was that moment that was if the moment for me and it was it was it was it was are. they like starkly more than anything else. so. you know sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture.

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