golden rice are cheap. tools. little rights. to the. lives. of the young girls cammo for the future hotter. between two and three hundred million guns the united states so you can act like they're not here and keep kids away from them. the plaza sound is a lawyer you know i mean this teaches them a lot of for a responsibility to simply contemplate through the eyes of children if we can't do it for our children for our future what is the country will smooth.

i am. glad i wasn't spent enough time k.t. poorly lit week we talk about the us shutdown and the effects it has on. as well as that we are a singapore based analyst for his take on the situation our view of a russian oligarch class corporate music on our in-house best mrs john thomas he's back he was sick last week but we're going to see how healthy he is called airways but first let's start with the story that has been dominating the financial had lines this week so the day that the u.s. will exhaust their boring capacity is looming but what is the ongoing deadlock means for china the largest foreign holder of u.s. debt china's vice finance minister voiced his concern earlier in the week saying that the u.s. has responsibilities resolve the debt ceiling round china's premier league chairing

them expressed his concern the chinese leaders are calling for the situation to get resolved in order to ensure the safety of chinese investments in the united staes which stands at around a quarter at over one point two trillion dollars taking over from japan in two thousand and eight is now added to this china also have a three and a half trillion dollars worth of u.s. dollars or another reason for beijing to worry about a potential u.s. default now in total time has roughly sixty percent of its foreign currency reserves invested in the u.s. assets let's get over to singapore now and hear from what lee for finance alice david icke for more insight into is david can you tell me what are the dangers for chinese investments right now. china is concerned china is very conscious of the fact that it is holding a lot of u.s. treasuries and china wishes it wasn't in that position in any case so therefore it

is consciously trying to move an economy where from the next four to one that is going to be consumer led i mean this is a very important point who previously were seen as the factory of the world's a good producers goods and i think it's great for in u.s. dollars with all of us dollars there's no want to do with it so therefore it has to go and buy u.s. treasuries so which is it wasn't in that position unfortunately it is and it is actively trying to move away from that and trying to make its economy more consumer which is great news for investors who are looking to. supply consumers so it's looking to diversify its funds but it's not the u.s. where else can china park its its huge amount of cash. that's an interesting point gave you china is already doing this because if you have a look at some of the investments that january's making right now a lot of people may not know this but it almost percent of you know where i mean even around what used to be the preserve of the investors but now and spend of that

has been sold to china that is gone with which china is very aggressive far in general using some of the reserves in order to buy assets and no one is a recent acquisition in america where i bought. a pork producer in america called smithfield so that is another example of how are you trying to diversify example where you just simply holding u.s. treasuries but it's also got investments in africa investments in south america so all of sorts of china is desperately trying to diversify away from just putting all its eggs into one basket so given that china does have a large bulk of its assets in the united states would you say it's fair to say that they are the the must see of u.s. lawmakers at the moment then david. well kitty is not just china at the mercy of lewis and u.s. lawmakers is everybody in the world is at the mercy of u.s. lawmakers right now just our look at the stock markets around the world everybody

is great concern about what would happen if america were to get off and instead because so many people are holding on to where treasuries is not just china and confront all over the world from all over the world and the crowded individuals are all doing it so therefore it is a very big that america would evolve in its day and of course you know everybody would be affected so consequently you know in this is a learning curve for everyone and you cannot just assume that an asset is one hundred percent safe and there are certain risks associated with it and what china is doing is they're trying to diversify away from where we are just simply u.s. treasuries david kay thank you so much speaking to us from singapore today thank you for your time talk about u.s. treasuries we spoke to the russian billionaire and the head of the biggest al-ameen you produce in the world result yes i'm talking about how they got a pascal ferry and postcard space amabel's to him that his take on the u.s. debt situation back to the united states it's

a big issue. is sort of hanging over everyone not that possible before the markets were relatively stable and have been cheering the shutdown of the united states i suppose that's good news. is that was that a surprise i mean we were expecting more volatile response in the markets will realize that we can cause to. default to the computer a different story you say you are expecting. more volatile we have no idea it was evil couldn't meet that was official reason why it. didn't come here so it didn't manage to meet for some mystery of what this was. probably a rational those. is a worrying time for those who have investments in the u.s. treasury. i would never do this to your sister. but it's a bit. of a different risk profiles of the sons of god. of

the science instruments which will look good grades and will potentially some so good job of putting some sort of growth so that's why the russian oligarch has about here a situation we know where the tinies cabin i want basses get but what i said that we had and what i thought we passed tell me to present have why you should catch at tim gallagher i'm here in the studio so i can say i know hundred thousand people in the night hundred thousand people that are not going to walk i appreciate that but i can't say that the wall has crumbled down around us people still going about their daily business. have a cat well that's exactly it because we see that in her thousand people lose their jobs never could there's no money but that doesn't make sense why you should care is because this is a mystery for some reason we have to we want to do it too we could q e three and we're printing money we're living just like we did before what's changed i mean we read these articles about how like the russians or the chinese are going to stop

using the dollar maybe brazil and some other country but they still are they have a yen we are just yesterday i read an article that the chinese are scared of by treasury bonds united states scared but they're still buying the thing so what exactly has changed nothing and yet we have this illusion that there's no money in the system i just don't think that that's true so you will sell it to this tonight as i know you don't i what's going on now i think it's really something between the democrats and republicans are so sort of that what are you doing here we're supposed to be filming so you're ruining it i'm trying to become an expert it's got you rico alcohol get out of here your guy and this is what i said no. i'm really sorry i took the one for id i don't know but anyways i he followed me here he's anyways he and i. we discuss our program why you should care we try to discuss these things about why you should care about things and fortunately he's always never listening and getting in the way but anyways my apologies this is

a very serious issue especially with eight hundred thousand people getting laid off and if there's no money in the system interestingly enough there's no money in the system and while these people get the unemployment checks let's hope so i certainly hope so for their sake i hope that you are getting paid as well as he does he gets paid in alcohol i have a thank you very much thank you time for corporate knees now then starting with the airflow process flagship carrier has revealed details of its low cost airline as a safe car that will be no reclining seats and no business class but the fares all promised to be half the price offered by the competition and they see the fire as we go from most days to pieces back and eight out of us in cities before expanding abroad one hundred ten people in twenty five percent of all the private wealth in russia that's according to credit suisse it is the latest global wealth of. russia's are also has found

a two hundred thirty five carat mega diamond worth an estimated two million dollars . now i know exactly what i want to christmas. so now let's check in at the business desk and speak to a fair and thomas he was poorly last week but you're now back all you back with a vengeance i certainly am and i have to thank you that care package that you sent my way certainly did the trick and there was a very sweet messages from people on you tube giving me advice on how to get better took that as well so i'm back and i'm really doing well on this whole stock thing i think i've gotten the hang of it check this out you know i have been doing financials yes russia's biggest banks per bank they've been on a roll lately and for the second week in a role my. portfolio has risen three percent so i made two hundred ninety seven dollars drum roll please i am now at nine thousand eight hundred ninety dollars only one hundred ten dollars shy of the original ten thousand so i think.

quite well this week and what are you going to do to get out of that ten tie. in order to get something positive to say well if it ain't broke don't fix it so i'm going to i'm going to do a little bit something different going to stay seventy five percent in with financials and spur bank because they seem to be on a roll but i'm going to take a quarter out because i'm looking at which is russia's largest diamond producer and there was news that they're going to sell sixteen percent of their stake which is owned by the government currently their stocks are doing well i don't want to change the financials because i am doing so well there but i'm going to look at and the reason why i'm looking at it is because diamonds right come on they're sparkly they're fun and everybody loves them and they are worth a lot so why not send the eight is. exactly so that might be my in if i have some stock in some diamonds maybe that could be my pick up line the latest

movie hearing outside. so much i could do that which was a mix between so on and they could be. all right and show me thank you very much indeed and i'm so happy to have you back on the safe fighting now for those of you who missed the olympic ceremony here in moscow this is what happens so as the torch bearer they form a championship. round towards the kremlin a gust of wind blew out the top but luckily a helpful secures man was on standby reignited the find that ran out the american manufacture of the light is it decided to seize upon the opportunity and publish this damage but without the mission from the limp. satiation to display the icon it like i see as a consequence if i now face legal action off of that into that slogan saves a limb takes one viral some commentators did point out that the lighthouse may fix

several times before little it will successfully that. that'll buzz over venture capital for today and this we thank you so much for joining me for a day of praise say to you come back next week have a great album by. deliberate target design an epic journey to such. one hundred and twenty three days. through to my number. relayed by fourteen thousand people or sixty thousand to one. in a record setting trip. air see your numbers. let's take a large relay. on r t v dot com. the

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live. dramas that can't be ignored to. stories others refuse to notice. places change lights never. told pictures of just. log on to and from around the globe. dropped. to fifty. right. the first strike. and i think.

i. welcome back you're watching the weekly take back beijing based investors are using the global economic uncertainty to their advantage chinese money is pouring into the e.u. sometimes rescuing iconic european business is seen as severely undervalued due to the tough financial climate here's a look at some of china's most lucrative investments at the moment the european.