on their way to antarctica the crew of the i can to make sure the roof face many challenges. here you have to look out for yourself crashing on to rocks trapped in pack ice in extreme conditions anything can happen and article always comes up with surprises you have to keep your eyes open because if there's always something going wrong the ship carries huge reserves of water food fuel as well as helicopters and people able to survive extreme conditions they're ready for anything even an apocalypse she's really an incredible ship calling all antarctica stations this is academic a field that of radio check please respond. welcome

to venture capital i hope you have an amazing christmas and you're enjoying the rest of your holiday in today so we're going to be looking for some of the fun out to when it is on the loses of twenty the team will be speaking to saxo bank chief economist stephen jacobson the next is outrageous dictions the new publication always talks to base bust it's been another year of modest success to solve an economic woes for the general theme for the majority of the world's major economies has been the still willing of gripe it seems that the recovery road feel a financial crisis is a long winding one the european debt crisis has managed to avoid collapse but yet there's no resolution that will see us shots all of the money squabbles the ukraine trade tug of war and russia fell to achieve its big growth so we're going to check in with our correspondents in washington but in kiev central. twenty thirteen.

check in with perry amboy and his in washington for us a pan tell us twenty thirty. is definitely the financial winner in the united states i started the year at about thirteen dollars and peaked at twelve hundred additionally congress held hearings on virtual currencies last month were federal regulatory officials recognized the benefits of big coin closing the year on a very positive note anyone invested in the virtual currency did very well in two thousand and thirteen the biggest loser this year is the middle class this year alone at their quantitative easing the federal reserve spent about a trillion dollars in bond purchases which is devaluing the u.s. dollar and of course it's also hander's the country's reputation on the world stage and helped lead to the talks of a possible debt default during the partial government shutdown anyone on a fixed income has been negatively affected by the feds and place an area policy

area in washington for us to not get across the pond and check in with mr p. to all of our european correspondent to tell us how those twenty thousand treated you're looking at the data for the business at the end of twenty thirteen in the euro zone and things can look quite russi it. all does appear to be across all of the nations in the monetary union however when you look at it of the nation by nation basis you see that's not the case that is clear when is unclear loses when it comes to with is the right here in germany both large and small scale manufacturers have seen increases in the old and the old as they are receiving particular when it comes to the old modes of industry that's code for asian markets that they be targeting particularly hard when you look at the loses though just across the border into france the eurozone second biggest economy well they've seen steady contraction of the business to something to chew to be a worry heading into twenty fourteen. on to the still serious economic problems in

countries like greece spain and portugal and the end of year report really reads good work germany but the rest of you need to do better oh new year warning there for mr page to all of our reporting from just the let's now go next door on the map and join alexy our staff ski he's been covering the events in kiev the trade will situation ever since they kicked off alexei twenty thirteen has seen ukraine pushed into the global spotlight but for all the wrong ways as could you summarize the country's situation they see it for us. well in a van burned early december it seemed that ukraine would be a big time loser this year canonically the country's economy was in a pre default state trade relations with russia folded which seriously affected the economic situation in the country oh add that to a huge external debt of more than one hundred thirty six billion dollars it was cited as the main reason why give did not sign the euro so sation deal fearing that

their country's economy might bludgeon to further abyss all that caused the massive unrest the blockade of governmental buildings and that's why the budget for twenty fourteen could not have been passed for a some time but two weeks before new year the president to call which went to moscow and signed several agreements moscow promised to invest fifteen billion dollars into ukrainian bonds and eventually the budget has been passed and we can say that at the end of the ukraine might eventually turn out to be winners economically especially comparing to the situation in september and in the summer alexei yes yes the report saying in kiev for us rocking out twenty thirteen for ukraine look at them now arrive back in moscow we go place can offer is to tell us what russia has achieved and what the country didn't manage to achieve in twenty thirteen eagle far away. well it's been a year of broken illusions for russia sort of with optimism though with the

government talking about an annual growth rate of five percent but then it was taken down to just one point four percent this year so what went wrong was simply russia is no longer immune to the global slow which means there is a weaker demand for russian export or domestic demand has been weak as well and investment recovery hasn't happened while promises for an infrastructure all remain just that promises but it's not all that bad at all the positive side rushes campaign against corruption has made progress in an effort to tackle offshore accounts bureaucrats were banned from possessing bank accounts of broad also the government is talking about introducing stricter penalties for firms of voiding domestic taxes thirty russian banks were shut down since they couldn't meet their new quality standards so an overall growth has been the loser but the winner has been russia's ongoing campaign against corruption you go there reporting it from moscow as you can see just outside the kremlin and saying with russia that the

biggest winner personified for twenty thirty you must mikhail khodorkovsky once russia's richest man he was pardoned by president vladimir putin now the oil tycoon the former yuki's oil company chief is spent ten years in prison for economic crimes including oil embezzlement but was freed on humanitarian reasons as his mother and this is putin's final much twenty thirteen to improve the investment climate in russia the theme of anti corruption greed of law ongoing now moving on the saxo bank releases on your outrageous predictions. and these are the ones that i think most outrageous because there were ten inches or so i've picked five out so easy wealth tax harold to return a soviet style a con of a us the first one so with growth still pretty flat well taxes have p. people with savings over one hundred thousand euros will be in force in a move towards equality. and c.e.o.

alliance will become the largest group in parliament yeah so well you don't need me to tell you that this would really be political and economic turmoil and perhaps the end of the union. is the text fact five wake up to a nasty hangover in twenty four t. so with the huge wealth of amazon netflix twitter pandora media yelp could this be said to her. friend crude drops to a c dollars a barrel that produces a fail to respond this would be a disaster for russia now all thanks to the non-conventional methods and increased saudi arabian as well then the fifth one i chose i'm probably in my opinion is the most outrageous i was most shocked by this one in particular so you're a powerhouse germany in recession what's yet shocking stuff by let's get straight

to saxo bank chief economist right now steyn jacobson to shed some light on these scenarios and i want to start and ask you about the e.u. a wealth tax was all about what's the likelihood of this happening. thing is very likely it's already been tabled by the i.m.s. as an indication of what is needed in europe europe needs of course as we also saw with the bangin deal this week is to secure a certain amount of funds that can be used to recapitalize the banking system and overall support the reagan nations so i mean the european economy has moved pretty much to almost to a soviet style me with planned economy and i think this will be the final straw confiscating wealth from from europeans so if you've got money high debt and moving on and c.e.o. alliance will become the largest group in parliament now this is not kids and the

union completely. yes was what you probably noticed is that in the in england they do you k. d. u.k.i.p. party you can independent party is now bigger than the tories exactly this european parliamentary election similar in france movie le pen is having strong we need to have cells. in holland which also represent d.n.a. he's also doing is two year olds and polls so by end of may we could have a situation potentially where the biggest or the second biggest fraction of the european parliament would lead the n.t. a vote which runs contrary to what the e.u. commission and most of the politicians once of course because they want more europe not less but it seems like the voters one is exactly the opposite to certainly one less europe not more people who have got the text five wake up to not stay hangover in twenty forty because i've had a great year. yeah they had

a phenomenal year and it's what is interesting is that we're not actually saying the technology is expensive where we are saying is that these names which is household names the names that people recognize the people use that ones are the bigger risk of the bigger risk comes from the fact that when they buy technology they tend to buy what they do know and that's for sure trying to point out so take amazon the c.e.o. basis may be the most brilliant businessmen in the world but they do not justify that you prefer a hundred dollars for every one dollar of a profit the the company generate is simply got to expenses or in the language of language you just used to fat. and listen this was particularly worrying the next one the eighty out dollars a barrel for the crude oil because obviously i'm talking to you from moscow here and eighty dependent stocks people could be sweating all over the place what's going to happen that's quite worrying. it is but if you think about it it's

actually cried larche gold because already right now in the w t i the u.s. space production easy extremely cheap and trading at a discount of fifteen to twenty dollars from the brenda oil but if we look at the brendel itself of course the bigger risk or the positive risk if you think it geopolitical is steady rain comes on line in terms of production again on top of that you have libya you have a some a number of the other countries that or the past couple of years has seen a much smaller production relatively if they do come on line and that the same time as i do expect a slightly week of global growth if you have almost a perfect storm in terms of the price and as you correctly say there will be a challenge to not only russia but certainly to the most of the middle east absolutely what's in that one for so now this one for me was my personal most outrageous one. in recession what because i've done very well this is the

powerhouse of year out that's scary. it is but it is again i don't think is that farfetched do not forget that the reason why you're a bad certainly germany did so well fearing through this crisis is the simple fact that the merchant decided to ramp up their investments all the way up to a significant part of the g.d.p. so they overly invested a lot of that investment they do do of course is german costs german production and then at the same time at home you now have minimum wage you have the most expensive electricity in the world you have seven million working poor so germany looks better on the surface than it does on the nice and i think that is what is coming to to the to the coming into full light in terms of twenty fourteen germany is already slowing down on the need but right now the reporting top line very well stay in jacobs and that joining us from sachs a bank told him to ask about the outrageous predictions for twenty fourteen which

apparently also writes itself feels lucky guy i thank you for joining me is indeed the last twenty that was see you next day. well. technology innovation all the developments from around russia we've got the future covered. this is st augustine. strategic mission to try. and undercover team of journalists trying to release wiki leaks documents some outside of the united states is trying to. make me a local media more broad merican they encounter fear ignorance and pressure. the

country blocks the way to information freedom. media stop on our t.v. . the league's u.s. regime change manual exposes interference in ukraine and beyond coming up. chilling pentagon plans reveal systematic and violent overthrow of democracy.

why is john kerry's assistant handing out candy these fool fanatical riders bulldozing people and injuring hundreds in unprovoked attacks. and i warning washington's quote. star sat on a world wall. when western colonizers of the twentieth century planned to close in shanghai buildings and chinese they didn't submit so folks back home they were racists enslaving whole nations will be made of resources they reassure the public through mainstream media that they will quote civilising the natives to trick the soviet twenty first century public school and the quote pretext has become even more caring but in practice the west continuing to overturn governments throughout the world.