but a potential u.s. default now in total taiwan has roughly sixty percent of its foreign currency reserves invested in u.s. assets let's get over to singapore now and hear from what for finance david icke for more insight into this 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 into economy where 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 paid for in u.s. dollars with all the u.s. 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 in china is already doing this because if you have a look at some of the investments in china is 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 u.k. investors but now and cent 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 but not always a recent acquisition in america where i bought. a pork producers in america called smithfield so that is a number 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

it's sort of our cameras 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 the west and u.s. lawmakers is everybody in the world exactly mercier u.s. lawmakers right now are you just our look at the stock markets around the world everybody has great concern about what would happen if america were to get off and instead because some people are holding on to you where treasuries is not just china and confront all over the world from all over the world and in private and 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 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 haven't asked him for his take on the u.s. debt situation back to the united states it's a big issue to 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 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 not. to come here so they didn't manage to meet for was three or four days it was. probably a commercial. is a worrying time for those who have investments in the u.s. treasury. i would never do this to your story. but it's a bit. of a different risk reforms in the sense of what. i would i would find instruments which will look good grades and will potentially some sort of a job. but seventeen times. so that's why the russ and all i go. about here a situation we know where the chinese 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 a ten gallon hat here in the studio so i can say i know hundred thousand people on

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 calf 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 warn the q.e. two 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 haven't yet and i guess just yesterday i read an article that the chinese are scared of buy 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 those who knows i don't know you don't i what's going on now i think it's really something between the democrats and the republicans are so sort

of what are you doing here we're supposed to be filming so during a trying to become an expert it's got you recall alcohol get out of your diet you die anyway and this is the book i say no. i'm really sorry if i come to you on the idea i don't know but anyway i he followed me here he's anyways he and i. we discuss on 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 way in the system that well 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 air flow prices flagship carrier has revealed details of its low cost airline as

a safe car that will be nova lining states and no business class but the fares all promised to be hard for 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 in ten people in twenty five percent of all the private wealth in russia that's according to credit suisse in its latest global wealth. and russia's out also has found a two hundred thirty five carat mega diamond worth an estimated two million dollars . now i know exactly what i want christmas. so now let's check in at the business desk and speak to a fair and solemn thomas who was poorly last week we 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 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 excellent and what are you going to do to get over that ten tie the rest 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 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 and everybody loves them and they are worth a lot so why not so late 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. all right and show me thank you so 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 almost down by reignited the find that ran out the american manufacture of the light is it decided to seize upon the opportunity of poppy's this image but without the mission from the limp. satiation to display the iconic like i says a consequence if they now face legal action off their internet slogan save a limb takes went viral some commentators did point out that the lighter had to be faked several times before the till it was successful. now that is over 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 that china won't be getting either and if this is a deal about some drip irrigation system the situation didn't explode onto 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 distrustful pro sovereignty type getting a rich foreign country to pay to develop your nations might not be too big 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 against a spec 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 sure. do live the torch is on its. a big journey to such. one hundred and twenty three days. through two hundred cities. relate fourteen thousand people or sixty thousand. in a record setting trip by land air sea and others face. a limp the torch relay. on our team. as afghanistan prepares for a presidential election many in the political and media mainstream speak of the country's first democratic transition but it's less talked about is the dire

security situation on the ground whether karzai is angling to succeed him self the powerful presence of the taliban and whether the u.s. will ever actually leave afghanistan. hello to all cities weekly and back to one of the top stories now edward snowden emerging from the shadows and making his first public appearance in months my colleague kevin owen sat down with a group of u.s. whistleblowers who awarded snowden for integrity in intelligence their discounts towle the nikkei's getting used to his new life in russia and what his main concerns out there are doing remarkably well under the circumstances in which he came here and we've we've obviously covered his story extensively on this channel so we're obviously going to find out personally i was you know what you 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 in 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. 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 when put that to you first of all have you ever regretted what you did no never never and i did in fact 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 for us not just yourself of course and 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 what sort of pressure will you put on to them what we do tell us a bit more about your story those 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 that raise questions about who you are as a person. and you become very public as well not just in your story it was a revealing f.b.i. questioning of a suspect without a lawyer wasn't it again could you tell us a bit about what you expose about 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 in treasonous even though now where apparently on somewhat better footing with the taliban today and we.