field so that is another example of how climate funded by example where you just simply holding us treasuries but it's also got investments in africa got investments in south america so it sort of china is definitely 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 at the the mercy of u.s. lawmakers at the moment then david. well kitty is not just china at the mercy of the world's u.s. lawmakers and the world is at the mercy of u.s. lawmakers right now just our look at the stock markets around the world everybody has great concern about what would happen if americans want to get off and instead because so many people are moving 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 time talk about u.s. treasuries we spoke to the russian billionaire and head of the biggest al-ameen you produce in the world were sold yes i'm talking about how they got a pascal ferry ample scott space haven't asked him but 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 during the shutdown of the united states i suppose that's good news. is that was not a surprise i mean we were expecting more volatile respond in the markets will realize that we can move close to. default to the computer different story

you say you are expecting. more from the time we have no idea it was evil couldn't meet that was official reason we're not. going to come here so they didn't manage to meet for us in the street before this was. probably rational with us. is a worrying time for those who have investments in the u.s. treasury. i would never interested in your story. but it's a bit. of a different risk reforms in the sense of. about science instruments which will look good grades and potentially some summer job. but you're just some sort of girl so that's why the russian oligarch has about here a situation we know where the tinies can we know why best is 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 right here in the studio so 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. i have a cat well that's exactly it because we see that in one 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 had to we wanted to we could q e three and we're printing money we're living just like we did before look what's changed i mean we read these articles about how like the russians or the chinese are going to stop using the dollar and maybe brazil and some other country but they still are they have a good idea just yesterday i read an article that the chinese are scared of buying 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 since it is who

knows i don't know you don't know i was going on no i think it's really something between the democrats and republicans are some sort of that 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 rick of alcohol to get to your guy anyway and this is the book i said no. i'm really sorry i can't see you on the idea i don't know but anyway so 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 anyway 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 right what's getting paid as well as he does he gets paid in alcohol i hate to have

a thank you very much these days but thank you time for corporate knees now then starting with air flow prices flagship carrier has revealed details of its low cost airline as a safe car so we know reclining seats are no business class but we all promise to be home for the price offered by the competition and they see the price will 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. and 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 our fair anselm thomas who was poorly last week but you are 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 were some 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 the financials yes well 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 over that ten tie the rest in order to get things 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 of something different going to stay seventy five percent in with

financials and sperm bank because they seem to be on a roll but i'm going to take the 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 the reason why i'm looking at it because diamonds right come on they're sparkly they're fun everybody loves them and they are worth a lot so why not send the eight is. exactly so that might be my end if i have some stock in some diamonds maybe that could be my pick up line the latest movie hearing outside. so most i could do that which was a mix between so on and they could be. oh right and show me thank you so much indeed and i'm so happy to have you back on the 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 manufacturer of the light is it decided to seize upon the opportunity of poppy's this image but without the missing from the limp. satiation to display the iconic like i says a consequence if they now face legal action off their internet slogan and save a limb takes one viral some commentators did point out that the lighter had to be faked several times before the till it was successful. now that's all for venture capital for today and this week thank you so much for joining me. come back next week have a great buy. i

recently read headlines all over the russian internet screaming in full paranoia mode that china has just bought five percent of ukraine now they're writing that china will lease five percent of ukraine over ukrainian officials themselves claim the china won't be getting either and if this is a deal about some drip irrigation system this is jewish it didn't explode on to the internet to the fantasies of bloggers the south china morning post reported that one company does have a crop in pig farming plant design utilized nine percent of ukraine's territory also last year the ban on foreigners buying leave ukraine. been lifted although i am the distressed will proceed type getting a rich foreign country to pay to develop your nations might not be too bad of a deal it would definitely take a lot of money to restore ukraine's farming to its former glory they see that

ukraine used to be the bread basket of europe agree that status back could really help the country but selling off or even just leasing nine percent of the nation's territory is absolutely unacceptable doing a large project with the chinese that is mutually beneficial is one thing but selling or leasing off your country is another and by another i mean treason but i shift my opinion. to live the torch is on its. big journey to such. one hundred twenty three days. through two hundred cities of russia. really fourteen thousand people or sixty thousand. in a record setting trip by land air sea and others face. a limp torch relay. on our.

thanks being with r.t. this morning i'm going to go back to our top story one of our top stories edward snowden coming out of hiding to receive the sam adams award for integrity in intelligence it was handed to him by four former u.s. government officials turned whistle blows who also made it to the r.t. studio and told my colleague kevin own high snowden is adjusting to his new life and why they think he deserves praise for what he did i think you're doing remarkably well under the circumstances in which he came here and we've we've obviously covered his story extensively on this show so we're obviously going to

find out personally i was you know what to look at these days i thought he looked great he seemed very centered and and. brilliant smart funny very engaged. i thought he looked very well. considering the amount of pressure. do you think that's taking any toll at all and the psychological toll i think it would in ordinary circumstances but this is an extraordinary person he's made his peace with what he did he's convinced that he put he did was right he has no regrets and he's willing to face whatever the future holds for him do you agree with that as well as the person you saw in front of you kohli yes actually we discussed this intel integrity and intelligence issue quite extensively and we talked about prior examples of great people in history that had themselves been under this type of pressure and he's remarkably centered in. just that you

yourself were whistleblowers so you war would but the question of talking the newsroom earlier i'm thinking if we were in your position what would be going through our heads as well you all did it for various reasons that you thought were right at the time have you ever had regrets let's put that to you first of all have you ever regretted what you did you know now ever never and i'd back decided to dedicate my career at the government accountability project to representing whistleblowers and helping whistleblowers i never thought they would end up being criminally prosecuted much less for espionage but i believe in what i did i would do it over again and that was actually the exact answer that edward gave us yesterday and it's not the same for the rest of you three guys as well are you do you feel it's a way of you have a quietly in some quiet moments that he any second thoughts could you tell of you is again just remind our viewers about what your story was well i disclosed high

crimes and misdemeanors by the us government at the national security agency that involved both secret surveillance and massive fraud waste and abuse and no regrets at all in blowing the whistle recognizing that i paid a very high price fortunately. it's not just yourself of course it's your family and friends that are on the president. and that's that's part of the price that you pay it's part of the pressure will you put on to them what we did was a bit more but your story was extraordinary pressure in terms of you know anybody that you have been associate with your friends your colleagues they're separated they raise questions about your integrity they are raise questions about who you are as a person. and you become very public as well not just and you'll story it was a revealing f.b.i. questioning of a suspect without a lawyer was that again could you tell us a bit about what you exposed john walker lindh the american taliban was the first terrorist captured after nine eleven and there was national hysteria around his case ironically he was deemed

a traitor and treasonous even though now were apparently on somewhat better footing with the taliban today and we had been on a great footing with them and tell eighteen months prior. but basically the justice department was willing to cut corners to prosecute people and then i found that continuing pattern the more secret the us became and the more we grew into a surveillance state the more people who were willing to just do their job and tell the truth and obey ethics rules were getting in trouble so while i suffered i was under criminal investigation and put on the no fly list things like that i thought were very draconian i could never have imagined in a million years that president obama would begin indicting and prosecuting people like thomas drake and edward snowden and bradley manning and john kiriakou and

a number of other people under the espionage act which is the most serious charge you could level against an american calling your next f.b.i. agent just so. whistleblower again if you can briefly tell all of you is an open about your story how you were treated well i was also a legal counsel that taught constitutional law to f.b.i. . and please for thirteen years and so when you saw this one hundred eighty degree switch to the war paradigm and the use of intelligence rather than judicial process due process you know the law of interrogation i had to speak out and explain the failures of nine eleven except just so i was still employed in the f.b.i. and i did not get fired i have to say that regrets that i'm aware of usually stem from the fact that people didn't speak out we the sam adams story itself is one of somebody who went through vietnam and did not go public with the these concern.