default averted to but only just president obama signs the congress bill to end the u.s. government shutdown but it only kicks the can down the road to february. a long awaited deal comes just in time for america to capture but leaves the country back on the verge of collapse in just a few months more from washington in just a moment. the control of a see the plight of migrant workers getting the nation's world cup together shines a light on the suffering of other foreign employees in wealthy gulf states. and a look behind the barbed wire our t. gets rare access inside the notorious guantanamo prison. and heard about it like several movies but you don't really this is

a place that people forget about why they don't ever think about it i would talk to those working in the guantanamo detention camp who say they actually love their jobs. line from my headquarters in moscow this is are you with me to long would say to our top story now the united states has avoided a potentially catastrophic economic default by the skin of its teeth president obama has signed a the long awaited deal that puts the government back on track and raises america's barring limit it's just a temporary fix as an isa nowhere reports from washington d.c. . well just hours before the deadline the so-called eleventh hour really coming

down to the wire here the house of representatives passed the senate bill to raise the debt ceiling and restore government funding after a sixteen day shutdown barely avoiding a default on the rim of seventeen trillion dollars in borrowings after the vote some bloggers joked see you back here in three months now that's referring to the fact that this is really not a long term solution to the budget crisis the u.s. government is now funded through january fifteenth and keyboards are entering until february seventh but really they just kick the can down the road something congress couldn't agree on a budget for the last two years which makes it unlikely three months will be enough for a solution not to mention the damage that's already been done by letting it go this far this shutdown didn't save money it cost money according to standard and poor's twenty four billion dollars the world of course watched washington very closely this week as senator harry reid mentioned wednesday but many might disagree

overseas that this last minute agreement shows how responsible america is quite the contrary china already announced the need to americanize the dollar is not the currency the world wants to bet on anymore the i.m.f. the world bank the global economy can't afford to come this close to recession due to internal politics in washington now another interesting point is that republican leaders probably could have mustered this support we've song shutdown day sixteen back on september thirtieth and the self-inflicted halt on capitol hill would have been avoided altogether. the budget brinkmanship has cost the world's largest economy twenty four billions of dollars as well as of the trust of investors around the globe let's get different opinions and more in-depth analysis from our panel of guests here with me in the studio is ben areas it's good to have you with us he's the editor in chief of business news europe in london we have nick parsons head of the european and u.k. research for national australia bank and in the hong kong richard hands were the

c.e.o. of universal credit rating group now first too bad you thought before that there wouldn't be a deal but here we are default averted and isn't that a reason to celebrate yes indeed i mean it would have been extremely damaging and customer a lot of money and the the threat of driving it into recession i mean it's growth killer. at the top but at the end of the day i mean there's no real reason to do it isn't so much is this was a law passed. by the supreme court and you know my perspective on this is that lawmakers have a duty to fund laws that are passed and that's what the for the common objects of those simply because they don't like them but it shows in a way how dysfunctional american politics is that we had this far in the first place when they did take quite a while to reach that two weeks deadlock to reach to this point but we're going to

come back to that point your predictions were that the u.s. dollar was a we'll stay b. up from now on doesn't mean that the world should stop worrying and trust. in the american economy from now on. i think trust is perhaps too strong a word they can certainly hope that the american economy recovers and we think that the u.s. is the only country that is going to get close to something like three percent growth next year so i think the fact that we can now put this behind is is a positive we can now look to is this bending business investment an improvement in consumer confidence which over time ought to help support the value of the u.s. dollar because we have to remember always that currency is a relative price you can't sell one currency without buying another currency is always relative prices and when you look around the world right now it's difficult

for investors to decide what they would prefer rather than the u.s. dollar we can criticize the dollar on many many fronts and we can criticize america we could spend all day criticizing america but the fact is that it's difficult to see in the short term what the alternatives to the u.s. dollar actually are there is no doubt that clearly the dollar did suffer a huge of blood now we've been hearing how it's sort of are a wake up call for the world to stop relying on it and right now i'm just going to what let's listen to france's ally in the c.e.o. of g.e. securities were spoke to earlier on this is what he had to say everybody i do think of. going to americanize by measure or. dollar or did no. influence on the french or market it is time to diminish the role of the us are like. richard given

what nick parsons has said they about the american dollar and that it is stepping up a little bit now what do you make of the comments that we've just heard from francis land. it took its riches richard years earlier agree with them. one does even want to. marry and i think that we keep hearing about what does it mean to you. ok well obviously the american dollar is the largest quantity of currency in the world the american economy still remains the largest in the world. the problem is the reality that the americans can't be trusted anymore whereas over the last fifty years or so the americans have been predictable they have kept to their laws they have. paid for all of their obligations this time around in reality america did default it

defaulted on its obligations to its own people it defaulted on obligations it had made in law when it set up laws and set up certain programs that needed to be funded and the seaquest ration actually didn't fund those laws so there was a default the problem for the rest of the world is that we have to create other structures we have to create them we can't look for them we have to frame them. that's the that's the problem for today and what do you make of what richard just said. very difficult to believe that america defaulted yes we can argue about its moral obligations but show me a lawyer who will argue on moral grounds rather than legal grounds and i think you'd struggle so america did not default hasn't defaulted and i believe that even if he did not i'm sorry i can't be. the

default he's got a point there richard i don't know why anyone who hasn't been paid to make richard has a point that he's saying that in if you don't pay somebody there that is that is a default and clearly america has done that now the way we nearly added a default so you don't think they were sorry nearly nearly there is not there's a d. they didn't default they didn't default on their x. donald bet they didn't default on their external debt to people who bought their treasury bills but they did they fold on the payments to the government employees if i employed someone and didn't pay them they were taken to court so i defaulted on their interpersonal let me let me get mileage because it was me i got in the job in but it's still a default i come in to jump on richard's. underpins money is money it's a no it's a promise it's a promise that i will exchange this for goods or services of equivalent worth but

the money itself is valueless and what america's done is it didn't fold in so much as it's going to pay its bills nevertheless it's undermined trust that promise that they will pay and this is damaging i mean in the short term it costs nothing because they're going to pay up like they should do but in the longer they're undermining their reputation as chris said of reliability and that's going to hurt them very same as i said. earlier this this week that you know this is the point that historians could point out and say the beginning of showing that american political system is dysfunctional and then that destroys trust and that's going to hurt them economically in the. how is this going to affect china richard i'm going to go back to you is this good news or bad news for china on one hand its big powerhouse is the rival has taken to have a ring but on the one hand beijing is sitting on all of that. dollar debt. i think it's very worrying to china and the chinese authorities and agonizing about

it they are trying to find alternatives that are setting up currency swaps with other countries they are looking for other assets in which they can invest they want to get rid of their dollars they would prefer to move into the euro so i think that china looking at the long run is going to move away from the american dollar as the currency as the store of value for its savings is no longer trustworthy nick is shaking his head nick you want to jump in. well china added to its holdings of u.s. securities over the last quarter. and so too did many central banks around the world i take on board all the points about america's faith and trust being severely damaged brand america if we could call it that has received severe blows over the course of the last few weeks but in terms of the reserve currency status in this process of d.m.a.e.

canards ation we should note that that's been ongoing for the last fifteen years if you go back to two thousand and around seventy percent seventy seventy one percent of all the world's central bank reserves were held in u.s. dollars today that figure is down to around sixty one or sixty two percent it's an incremental change and it does mean that over the course of the next fifteen or twenty years the u.s. dollar will be a minority holding in central bank reserves so yes the power of the u.s. is diminished its power of sonia edges been diminished we won't be able to see a repeat of what president nixon said in the nine hundred sixty s. but it's our dollar and your problem i think over time it will be increasingly a problem for the united states but we should keep a sense of perspective here that time frame is more likely twenty years it's certainly not twenty minutes or twenty hours it is taking place it will continue to

take place ok let's all recall what the deal actually is now and now the debt ceiling has been raised beyond its seventeen trillion dollars the deal reopens the government until generate fifteenth and allows it to continue borrowing until february the seventh now a question to all of you will not bubble eventually explode what will this mean for the rest of us let's start with we'll start with ben here why this whole fight was so disappointing is because everybody is focused on the wrong problem. america's jets its g.d.p. is now one hundred four percent slightly more and that's an unsustainable level and what needs to be is to bring that down this whole question about refinancing the day misses the point of the problem is how do we get rid of this day in the first place and then this whole question of raising the debt ceiling will go away until you know the government in the states focuses on the problem and does something about it which is growing the economy is the easiest way to solve it until they do

that then we're going to have repeats of this face on going because it's become a political tool in the way that it never ever was before and. what do you make of the fact that a lot of the experts that we've been hearing from the same bed to you know this is just a temporary fixture that comes the seventh of february this might all go back to where it is where it was a couple of hours ago what do you what what do you think. it's certainly possible that we get a third series of this soap opera in america but equally possible is the fact that the republicans might learn a few lessons from their crushing defeat over the course of the last couple of weeks in a republican party which exists simply to oppose may well find it's doing more damage to itself than it is to the democrats and president obama so i'm perhaps offering here a ray of hope for global financial markets and the global economy but it's by no means certain that when we wind the clock forward three months we're going to get

a precise repeat of this because quite simply the republicans tactics failed they failed abysmally they openly acknowledge that they failed and it's very difficult to see why they would come back with more of the same into january and ahead of that february seventh deadline you rightly mention quick last word from you richard haynesworth they in hong kong. i think we will see the. u.s. is spending too much money that have to keep borrowing unless they find the political will to increase their revenues are i got very much whether they will decrease the expenditures so i see this happening again and again and again this is an accelerating process i will agree with that the timescales have to be given perspective i would also agree that it's a longer term. thing civilizations don't all internal twenty minutes they take their coats before but i think that we're at the beginning of the fall of the

american civilization the beginning of the fall of the american civilization that's according to richard haynes with the c.e.o. of universal credit rating group in hong kong i'd like to think my other guess that ben harris editor in chief of business that news europe here in our studios in moscow and nick parsons head of the european and u.k. research national australia bank in london thank you very much to all i guess for sharing their insights in this ongoing story. coming up here on our t.v. a rare glimpse inside guantanamo. our correspondents have been given unique access to the infamous facility that's close to a decade of fia and fear we after the break we'll have more on that story do stay with us. the problem is that. everyone can only love god and. as u.s.

decides to commit economic suicide it's like they've strapped on a suicide vest as a globe as an economy those who start braggers yeah i've been saying that for years your suicide banker their banking shot they stop on the boat they pull the plug and a blow up the world for their ideology of market fundamentalism the terrorists are going to terrorism i think is real now it's one of the few people understand trying to say wait a minute we've invested in by little jerk the wall street. mission . critical free. free. free. free. free. and free blog video for your media project free media our t.v. dot com.

thanks will stay with us here on our team not everyone may know the name of america's most notorious prison but few know what really happens behind the barbed wire at guantanamo our team has been given way access to the facility that's. indefinitely detaining terrorist suspects without charge for more than a decade taking. after a few months of people work to get cleared to visit the base the trip to get mobile hop and a skip from the big apple to fort lauderdale in florida and from there are short hour and a half flight one largely kept under wraps with no indications of it on departure boards. the minute we land were greeted by escorts who stay with us every step of our trip the special guantanamo joint task force media team. one of them sergeant

rebecca wood far from the stereotypical face you might imagine working at a place like this controversial military base as we soon learned the first of many surprises this is a really big break for me in my career from my military resume the people i work with every day day they share the same idea like they're all very proud to be here she joined the u.s. military a decade ago with no money for college a twenty eight one ton a most her second deployment you've heard about it like several movies but you don't really it is just a place that people forget about only they don't ever think about it getting to the main part of the base is a slow pace trip we have to wait for a ferry to take us across the bay and are taken to visit a beach first one of a handful of scenic locations you wouldn't really expect here we're going to see the logic area now it's about a twenty minute ferry ride one side of the area where the airport is. several replies and says but the main part of the people the and the detention camp are

over there having given its reputation guantanamo isn't quite what we anticipated as we approach the b.b. area it's interesting to note that to be unsuspecting this place looks just like another tropical island with an american flag you would never feel that this is the place policy going to be made of states for us present the lodging area were taken to is like any typical hotel with palm trees and a marina. right out the window first impression this can't be the place that has been casting a long shadow in america's human rights image for over a decade where torture allegations hunger strikes and force feeding have been making headlines i remember when i moved here i thought i would just see like people in orange jumpsuits and fences everywhere but i mean the families all stay on one side and the rest kind of happens on another the other side as where total of seven hundred seventy nine detainees of america's war on terror have been kept since two thousand and two a total of one hundred sixty four now remaining at

a whopping eight hundred thousand taxpayer dollars for a detainee per year even though more than half of them have been cleared for release but we are in a remote location that factors into the cost the cost what it cost to do it right what doing it right means to those running america's most infamous detention facility and what lays beyond the picture perfect scenery all the realities of guantanamo in our reports to follow and going to r.t. guantanamo bay cuba. we've been keeping a close eye on how the situation is unfolding and iran the guantanamo bay facility on our website and to r.t. dot com for the full timeline of events and more updates on the story. write the scene. first rate. and i think that you're. on our reporters. in.

the the in. you still watching our team trapped and terrified migrants in qatar have been speaking about the desperation the enduring there are more than eighty million in the country many of whom are working flat out to get the prestigious world cup event ready qatar is not the only gulf state where the migrant population is large in proportion to the locals now both qatar and the united arab emirates have migrant populations of over eighty percent now in kuwait the region's other leading oil producer about seven out of ten workers are foreigners while in amman as well as saudi arabia of migrants make of almost thirty percent of the population now if we take a glimpse at the whole region are the number of migrant workers there is about eighteen million out of a total of

a population of just about forty two million of syria was in qatar and has more on how the world cup focus is drawing the world's eyes to migrants suffering. do we know to organize. trended to fifth vote car is covered. but the initial celebration of christie should be overshadowed by ford workers claims of maltreatment not getting paid and either that not being allowed to leave the country the international trade union confederation claims that about four thousand migrants could die before a football is kicked in twenty twenty two the worker becomes the property of the employer they are not allowed to leave the country they're not even allowed to leave the job unless the employer agrees this means that the workers have no real power no real voice to. fix up very very bad working and

living conditions zire balloonists knows this all too well a french football player who arrived in qatar in two thousand and seven he says he hadn't been paid for more than two years he filed a lawsuit to claim unpaid wages and says his club then we fused to give him an exit visa unless he dropped the case. when i went to the tribunals i never imagined that i wouldn't be able to leave the country i didn't think they would block me my wife is depressed and she can't work i thought of going on hunger strike but my lawyers told me not to they already hurt me and a hunger strike would only hurt my wife and kids enough is enough. blueness is high profile story isn't the first either. doesn't change its ways i have the courage to say that in two thousand and twenty two we will have the world cup of shame the world cup of slavery bellew this in the meantime continues to hope his problems will soon be resolved i'll have to stop playing football they ended my career

mentally i don't see myself playing and then i'll have to see what to do with my life. r.t. . more than one. news of for you now firefighters in thailand are still trying to battle a mess of column of fire at a shopping center in pre-k. overall many of the thousand or so people inside managed to escape unharmed and rescue workers do expect to find bodies in the complex once the flames are put out locals were forced to leave their homes to do exploding gas tanks inside the building as well as at a nearby petrol station. a suicide bomber in pakistan has shot his way into the residence of a provincial government minister killing the official and at least nine guess who was celebrating the end of a muslim holiday the blast also wounded more than thirty others and is the most high profile political assassination by the islamist insurgency there this year no one has admitted to the massacre but suspicion is likely to fall on the taliban.

the spanish activists are on hunger strike calling for the government to quit for allowing the economy to deteriorated they've set up camp in a square in central madrid and have been refusing food for five days among them a twenty five year old civil engineering graduate from bilbao a fruitless search of for any work let him to raise awareness for spain's four point seven million i'm employed. dramatic video has emerged from a deadly earthquake that struck the philippines. a church crumbles as the seven point two magnitude quake hit the country the disasters claimed over one hundred forty lives so far we have eyewitness images of the tragedy on our you tube channel. and from deep space to deep water this time that chunk of meteorite has been recovered from

a russian lake bed we've got a video of the celestial same as rescuing r.t. dot coms in motion section. by the financial consequences of weeks of a you was a government paralysis that's the topic of the kaiser report coming up in a couple of minutes. you know as i look more and more into it i find that there were a lot of myths and exaggerations about what happened in russia during the soviet era however one really bad rumor seems to be true if you were an outspoken advocate against the soviet status quo then you could be considered insane and be locked

away until the psychiatrist convinced you that khrushchev was brilliant scary stuff but sadly famous grammy award winning singer lauryn hill might be living the life of a soviet does that right now she was convicted of failing to pay five hundred thousand dollars in taxes but strangely according to the international business times she was ordered to undergo psychiatric counseling because she believes in conspiracy theories related to the music industry who wrote in her own tumblr account that the music industry is manipulated and controlled by a media protected military industrial complex this is a strong accusation from hill but is actually irrelevant if it is true or not you see punishments are supposed to fit the crime and the crime of tax evasion should not have a punishment of mandatory counseling or is more paranoid types like me like to call it reprogramming although they are usually trivial this celebrity case actually sets a dangerous legal precedent but that's just my opinion. max

kaiser this is the economy's a report you know wal-mart and wall street are remarkably similar they have the same sugardaddy all wal-mart relies on cheap goods from china and wall street relies on cheap money from china and they've both been hit by chaos following free lunch glitches to electronic welfare payments systems at a wal-mart in louisiana a glitch with the electronic food stamp card the e.p.t. cards showed unlimited balances available to holders of the card shopper stampede it emptied the shelves of every last good available on wall street the freds quo.