good leverage or kirby was need to build these most sophisticated robot which really doesn't give a darn about anything turns mission to teach religion why you should care about human to integrate this is why you should care what you're only on the r.-g. dot com. you're watching the caps so i'm katie pilgrim a bit coy but a.t.m. is all coming see i speak to the brains behind the machine plus we check in at the franc note to show and talk about them on the rocky road ahead corporate news to come as well as mr shawn thomas our in-house investor he gives us a peek at his full body i thought that. today is the five year anniversary of the biggest bankruptcy in history the a when the ruthless with taking greedy bank

a party yes the dow traders are standing there watching the laser but i don't blame her but worst day on wall street is where america our c three percent get it was happening on wall street yes that was the catastrophic reaction to the destruction of the lehman brothers the biggest financial blow since the great depression but to hold off a decade on how the lumen lessons been lugs what it seems the risk taking habits are hard to shake just last year will see its biggest bank j.p. morgan chase lost at the six billion dollars on credit default swaps which the bank tried to cover up there's also been accusations of improper and if you try to report the bank children of chinese officials to help with business on several cases of misleading customers on identity theft products and mortgages as well all together these legal disputes will cost the bank just on the. seven billion dollars

a teeny tiny paid out for a bank with assets of two point four trillion dollars so now i'm joined by patchett young from t.v. advisors say padgett tell me have the lessons been lance fundamentally when it comes to limits i think we can safely say that nobody's learned any lessons from this escapade whatsoever government overall has simply missed the object they've ended up actually in the back pockets of the banks fundamentally the banks themselves haven't realised the fact that they have to change indeed if we're going to look at this from a big picture in history standpoint the thing that the collapse of lehman smart is the absolute peak of banker power from now on it's the power of networks intermediating the banks that will challenge the financial monopoly government doesn't understand this the bankers don't want to accept it and have learned our lessons sadly not so is it the government's fault that the bankers have too much

power. fundamentally i think banks have ended up in an incredibly toxic alliance with governments and that's a fundamental problem for society it's not that we don't need money we need money we need capitalism but we don't and we should not have a situation where any industry is fundamentally subsidized by the government and when it makes mistakes the government rushes in to help it the fundamental flaw of lehman and what came after it was this sudden massive industry whether in the usa or whether in the european union of bailing out the banks suicidal socialist politicians such as gordon brown in the united kingdom collectivize the u.k. banking system in a manner that was not on the gerson to stalin the only difference was at least in the comrade stalin he would have shot a few bankers made these terrible mistakes in the first place the fact is nobody

has brought the banking industry to him and the politicians noid or completely pliant and common pliant in the law in the banks to continue making the mistakes they've made for multiple generations and starving small entrepreneurs small business of the funds they need and if we go back five years to the lehman situation do you think it was handled appropriately it should talk about governments but the government didn't actually bailouts. lehman marked a very very interesting and beneficial moment in so far as it was a lot to fester on the vine that was the one moment the governments were acting successfully the tragedy was as the domino effect started to take place governments panicked very quickly how much money are we talking about then because it is quite mind boggling really how much money these governments have put into the banks how much are we talking and will they realistically ever get it back is that just not

going to happen i think it's impossible to put a sum on the whole amount of money but one. we're talking about is molten pools of the g.d.p. of a major european nation has alternately gone into the world banking system if not more before we start looking at this funny money quirk of quantitative easing the governments of the world have spent hundreds and hundreds of trillions of dollars bailing out addicts to kensi an outmoded system called banking when the solutions to the future of finance is peer to peer it's alternative currency it's like bitcoin and it's not actually going to be a banking system as we hard before two thousand and eight that lead to some to our next story here on venture capital city thank you very much indeed patrick down from t.v. advisors always a pleasure you're welcome now a consequence of the financial crisis is the growing popularity of cyber current says basically the big question because they're free from central manipulation and government control and now becoming a.t.m.

czars to be installed in cities around canada that's vegas based rover cohen is the company behind the scenes this move is being seen as a huge step to taking a virtual currency to mainstream status and breaking some of the misconceptions or even suspicions that surround the alternative coyer said to help me understand how the machines actually what i'm now joined by the c.e.o. of robotically now jordan kelly so do it and can you explain to me just in simple terms how do they work. you know the unfortunate thing about that corner now is the problem that customers through is to acquire. what we've spent the last year trying to solve and we believe we've solved it very well is by giving people the ability to instantaneously acquire bit or in their purchase with cash and simultaneously they can sell bitcoin for cash as well as i understand it you have

to already have a coin account and then you go into missouri. it's not if we try to really simplify this right from the buying side of things you can go up to a machine without having a wallet and it will generate a wallet for you on the fly or if you already have a wallet it's as simple as scamming your mobile phone to send a big one that you purchased to your secure personal wallet from the sell side you actually do have to own bitcoin in order so basically obviously it was a feature of the coin a new a new will have that how do you envisage big going to be in ten years are we going to be going to machines getting our big thing how's it going to walk. that's a great question and you know where we look at where we look at that market where we look at we look at what we can do to truly impact and benefit the country the world for that matter and we chuckle a few simple problems the first is to make the acquisition and storage of bitcoin

super easy and then the second is to make bitcoin easier than spending money where i see it i see so much value in but just because it is a truly decentralized no money truly decentralized programmable money that you know is authority agnostic and effectively it's the people's currency so you can't get behind that so. now scientists some corporate news them are going to get stuck in and talk about the relationship between russia and cyprus always been a close bond so much so that the bank of cyprus is getting a most scary make a buck six russians were elected to the sixteen member of the board of directors. abu dhabi is planning to invest five billion dollars in russian infrastructure projects of the next seven years that need comes three months after another abu dhabi funds but don't have pledged to invest one billion dollars in the country

alongside russia's direct investment fund. and u.s. stock exchange the dow jones is having a reshuffle alcoa bank of america and hewlett packard to be removed from the down arm replaced by goldman sachs these are a nike the decision is based on struggling stock prices and the desire to diversify the mix of companies represented alright let's now take aim with mr thomas saw in house investor and see what you've been up to this week i was away last week isn't peter's back i'm back now i want to know what you've been out well first of all when you left the weather got really cold and rainy you came back and it has been. but warmer so thanks for coming back to moscow for us china is increasing its crude output which negatively affects oil here in russia or at least that's what i would say however china is increasing their overall production which means it's good for the stock market so oil probably going to remain volatile for a while but i'm going to stay in and just kind of ride this one out because

sometimes you just got to gamble right i'm thinking i'm going to go for a rough spots which is russia's agriculture company they're up one percent it's not a lot but i'm thinking looking ahead everybody needs to eat right oh yeah right and in fact it's looking at me i love to since i love to eat i love food i can do my own part in raising the stakes well you said it and i'm going to doing it as well because i like to eat indeed perfect. this week engine lovers get out for the frank. car companies data out to win the race for the most impressive concept car that was the reynolds offering a vehicle with a map of paris ruth with disco star interior as well citron the sea cactus with minimal modernization and air pump tunnels designed to protect from common scuffs and dashes that could be simply wipes away a thought in the first hit wills and shiny bonnets the issue of ongoing stored in

demand was far less glamorous job cuts whole to shed and increased manufacturing costs have plagued the car market the six years now i will be able to see how the european market has. been affected i mean you can see just hey you got it absolutely plummeting right there from two thousand and ten to twenty thirteen s last inhofe the car sales now europe for the full year as well as expected to be below last year as well so that trend will continue the rocky road so to speak as a result russia has come off has now overtaken germany as the biggest scum market in europe you can see it's a bigger car than the spawn that demonstrates twenty six thousand cars now i spoke to the c.e.o. of the frankfurt motor show earlier in the week to ask about the road ahead. we're still forecasting european markets which will be down for their all year this

year by about minus five persons having said that i believe that's where you've probably hit at the bottom. we can see the green shoots all recovery and progress at least for us. developments as you said is the largest markets in europe in europe the market has been extremely difficult since the beginning of the year extremely competitive as you know. rather in the recession situation especially in the segments. which is the medium car calls having said that the most recently we had in russia which is the college rickles c four. doing very well and we believe that it gives us an opportunity of growth at least in terms of market share that fateful today venture capital all the same place same time.

london. at the end of the street another one a more transparent society get the money the tears become we see. the. blend in the city the city the more people trust electronic devices the more. you as

a. mission. critical free. free. free. free. free. and free blog video for your media project free media r t v dot com. first street. and i think you're. on our reporters.

welcome back you're back with us here on r.t. for this week's the weekly office of the land mark a mayoral election in the russian capital so gay so be on it has been sworn in at a grand ceremony on moscow's hill but the opposition counted alexina of all the has filed a lawsuit demanding a rerun of all the came in second securing almost a third of the vote he claims of there were multiple violations during the ballot allegations that have been rejected by the central election coming on monday is thousands attended a mess right now in central moscow in support of the opposition front man. edward snowden has been put forward as

a nominee for the prestigious. human rights prize. by european or make hits the recipient of the award is to be decided in a taiba the whistle blow was nominated by a group of european parliament members who say you risk his freedom to protect the rights of others paul murphy and the irish from that group believes snowden's chances of getting the prize are slim but it's not all about winning. this nomination doesn't call unfortunately from the leadership of the european union who are think would certainly prefer to avoid the embarrassment of him winning the prize but it comes from the left in the european union which has consistently supported edward snowden he deserves to win the prize because he's a hero and he's a hero for putting his freedom on the line and still on the line in reality i think he's only likely to win and i think the greens are the green group inside the parliament also support advert snowden and what i fear that.