the laser is a lot to get through but. the u.s. e.u. trade deal is worth an estimated one hundred fifty billion dollars for both parties but these huge profits could come at a cost the average consumer and there are plenty of stumbling blocks holding up the deal since guys are what each side wants and so the u.s. is asking for e.u. restrictions on genetically modified crops and chlorine water poultry to be caught to maintain intellectual secrecy for more access for u.s. service providers the e.u. wants the beef ban which was first introduced because of the mad cow disease to be lifted or reduction of terrorist on items such as cheese and the free flow of information is now let's dive deeper into the consequences of the deal with rodney shakespeare he's a professor of economics that he's based in london today this deal will involve limiting health and environmental regulations to boost growth the question is how will this affect the average consumer that. it will

not limit health and environmental considerations it will wreck them. this agreement is of roughly half of the world trade and it's connected with the transpacific partnership so whatever is in this is going round a large part of the world economy. so secret tribunals in which there will be no defense. and there will be no openness and in which the big corporations can do what they like and the example at the minute at the moment is in ecuador where chevron is pouring billions of poisons into the amazonian eco system which i think is perhaps the largest in the world and no one will be able to do anything about it so you can forget health and environment it's all going out of

the window in order to serve the interests of a small group largely of american corporations so are you saying that the average consumer will be exposed to harmful chemicals that is that what we're talking about hair there will be no way of stopping that exposure in the child was there is the doctrine of expected profits and i as a corporation can pick any figure out of the sky and then say that you as an individual or you as a government are stopping my expected profits therefore anything that i do which is harmful will not be able to stop b.p. start and indeed anything you do to try to stop it will result in you as individuals being fined or jailed and as a government limited fines all of which ultimately will go back on your population

so if these big corporations can take on governments does that mean that a country would be at risk of losing its sovereignty. not risk they will actually lose it for stop you see the power of the real power is the economic and financial power of these corporations into the global banks and the big companies and the power will have shifted into tribunals who are only serving the interests of those global banks and companies and national sovereignty will effectively no longer have any meaning and we will have gone under a centrally a global fascist system and it's not happening so very very fast or people got to wake up about this this system is setting in a financial control putting everybody into debt increasing rich poor division exporting jobs you name it it is happening rather like the frog being boiled to it

doesn't realize it's being killed that is going on and this agreement and the associated agreement for the pacific will put the whole world under the control of the big corporations ok we'll leave it there mr shakespeare thank you have a similar for your perspective on the matter. on the biggest trade deal in history could get even bigger if ukraine were to join kiev is set to sign a free trade agreement with the e.u. at the end of the month providing it has met a strict set of conditions which include electoral reform and improving aim to structure but this with the west has resulted in a tug of war with russia president putin wants ukraine to join the russian led customs union instead and warns of economic disaster for kiev if the european deal is sealed we're going to have full analysis of the outcome of the ease decision in next week's show city be sure to join me for that on. the eurozone has been dealt

a plethora of disappointing days every silly the biggest economy in the zone germany grew just not point three percent in the last quarter. france initially the bronx next biggest economy is based off the small contractions so it was stagnation and joblessness posing huge problems to the region the european central bank is now considering introducing a negative interest rate to stimulate growth is this year out so let's spend a penny from. brenda can you tell me what risks would they pose to the year i say. i would think negative interest rates are something that could be considered by the e.c.b. it might be in an effort to spur inflation and obviously we are seeing disinflation in the euro zone as a whole what it could actually mean though is that we will see some negativity on profits because if you reduce the deposit rate which is currently at zero for the banks to place their money with the c.b.

it will obviously impact their profitability as a whole might not necessarily be good for the eurozone in the medium term nevertheless you also have the conservative wing of the c.p. who fear that negative interest rates could spur a proper inflation like hyperinflation and that is something that has been tried to be avoided in terms of price stability over the last number of years what about bubbles brenda should we be worried about bubbles. i think we definitely should be worried about bubbles i think if you look at the janet yellen testimony where she was categorically stated that asset prices were not in a bubble particularly the equity market and then the equity market continued to push to record highs in the u.s. i think it pretty much negates any feeding what has been helping what the critics see i'm cheap money over the last number of years has been and things to do with underlying fundamentals and if you look perhaps say the mining sector of the the the the indices themselves there is a massive divergence on the demand for commodities such as base metals like copper

have been out of a huge low recently so this and in fact proves that the growth is not there to support what is happening in the stock markets and woman who. to me the other and i fear it may be the stock market that makes a return to the down side rather than the other way round bridge that's really interesting because it seems like there's a root disparity between the stock markets and the real economy we've got historical highs in the markets and yet historical unemployment writes it just doesn't make sense does it by men. it really does and if you compare the u.s. and disses to the european counterparts there is certainly a degree of under-performance over here in europe and obviously this is coming down to the fact that we've seen lesser growth we've also seen a pullback in momentum of the likes of germany just over the last week and then of course we saw france entering contraction there in the last quarter so we might have seen spain pull out to an extent out of a long term recession by point one percent growth in the last quarter i don't think the eurozone is any way able to say that that the crisis has been fixed and if

anything i think that the actual demands that there is no doubt there are within your euro zone are very apparent on this one came i suppose from the e.c.b. cutting rates just very recently on the fact is we could actually see some more interest rate cuts over the coming quarters if growth doesn't get back to where it should be and of course as long as inflation remains below that key two percent mark ok brenda kelly talking to us from london thank you really appreciate your thoughts there all right time for corporate news that let's go for it so that is kind of the russian kamarck it is excel or a saying in during a full of eight percent in october compared with a year ago in september the drop was five cents. good old trouble for a russian partner to build most of his fifty eight story trump tower in new york this week the third time that the american billionaire will lead the market. this

is a. russian stew giant so they sent to a bank has rules that need to feed. as wealth of ruble bonds by machel. this fall is the company's forty percent drop in value on the stock markets. are now talking to metals someone who had a person experience with the metals market as mrs shawn thomas it was a night matthew was just a month nightmare of a meltdown. and the guy right right but i'm glad to say that i'm out of it because they really did take a beating as we didn't very absolutely but what about your portfolio now because we've got a bit of gas problem could have been a big question how did you get on with the bad news is gazprom was down one percent so i lost seventy seven dollars with gazprom but some funky news. so. you know some funds there because bitcoin up twenty five percent it's up twenty

four percent against the us dollar when i first made the decision i walked out of the studio and i was devastated because i heard the crash in fact we've got some comments about that but it rallied through the week i made a five hundred dollars total even though gazprom was down meaning my grand total is nine thousand eight hundred nineteen dollars so i am about as happy as you can possibly be if you are nearly that surely going to sit with bitcoin then i'm going to presume indeed because if i get above that ten thousand i'm going to buy you that budget ticket airline down to ever you choose to go but you know let me play that i can see if i can make somebody and finally do this thing all right ok do i get food on the plane of course indeed what i've really learned from a dollars or something but will make it happen i like about all right mr thomas well done congratulations but let's get you over the next week with a bit of a coin that this week that i see expensive diamond in history with

a mystery buyer the pink stuff as it's called is the size of a golf ball alice eighty three point two million dollars smashing the previous for . what a forty six million dollars which was for another pink sparkly i mean the position is a bright orange rock it was sold for thirty six million dollars by i do not take months i must say now it's not just diamonds at a breaking records but it's paintings to this francis bacon masterpiece of three studies of receiving freud has just been sold for record one hundred forty two million dollars now these record prices are not necessarily because diamonds and paintings are more expensive now war or more softer is also because the value of money is decreasing which is the same reason why there are now a record number of billionaires in the world so if we were to count rate inflation to all of this would actually be six paintings that fetch more than auctions days have featured in that you can't find a cost to creating paul or you know all the great masterpieces as you can imagine

now this zon masterpiece would be the most expensive of all it was purchased in twenty eleven for one hundred forty million dollars that would go which today would equate to countermand inflation a hundred and sixty two million dollars that are a. little bit out of my price range just. that we are that spent for today and i mentioned earlier on the crane and e.u. trade deal that's what we're focusing on next week of course some have lost more of course like it's not going there really appreciate. her.

the way it was. this is obviously more for the ladies because it's pink. women wanted to avoid rape so they really needed to buy guns and learn how to use them. this is the one that i want to go with them once again it's the field strength for women definitely the target of the gun lobby the one you don't kill them when you kill anybody but if somebody would you would piss with her. i know to say more and more is this really scary marketing tactics which implies that women have some sort of moral obligation to own guns to protect their family and young girls shoot out here too so we do have a pink or. more kids young kids choke on food than are killed by firearms if

being armed made us safer in america we should be the safest nation on earth were clearly not the safest. horrors of thanksgiving and america as a white future minority coming up. far away the most massive genocide in the history of the world. the lowest life expectancy of the last. and the year the us will terminate it.

you know nothings giving as. the best the law is my teacher told me the idea of your bringing civilization to the americas simply flips truth on its head this is what your finnick spores actually found in north america far and away the most beautiful city on earth five times the size of london all rome great towers and buildings rising from the water sixty thousand gleaming houses and how spacious and how well bill think beautiful stone work in cedar wood and the wood of other sweet scented trees the many streets of the city was so neat and well swept despite the multitude of inhabitants crisscrossed with a complex network of canals such an enormous venice but also remarkable floating gardens that reminded of nowhere else on earth while europe was drinking water from its polluted city rivers huge aqueducts transports of america's will to fill fresh springs but a.